Rushabh Modi & Co.

Took a loan from your director? You still have to file DPT-3 🏢

📅 Due: 30 June | Figures as on 31 March

✅ Every company must file — even with NIL outstanding
Director loans, inter-corporate loans, share application money >60 days,

bank borrowings — all need disclosure, even though they're "exempted deposits."

Who can you legally borrow from? Full list in the image 👉
⚠️ Penalty: ₹5,000 + ₹500/day

📞 +91 98988 67674

Supreme Court settles the ITC debate. ⚖️

SLP dismissed in Bhandari Scrap Traders — Section 16(2)(c) upheld strictly.

If your supplier hasn't paid the tax, your ITC goes — bona fide purchase alone won't save you. ❌

Your safety net: Rule 37A — reverse by 30 Nov, re-claim once the supplier files GSTR-3B. ✅

Protect yourself: vet suppliers, track GSTR-2B monthly, add indemnity clauses.

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GSTUpdates CharteredAccountant Surat RushabhModiCo

📊 Capital Gains Tax Made Simple | AY 2026–27

Different assets. Different holding periods. Different tax rates.

Before you sell your investments, make sure you know the applicable STCG and LTCG rules to avoid surprises.

This quick guide covers:
✅ Listed Equity Shares
✅ Equity & Debt Mutual Funds
✅ Debentures & Bonds
✅ Immovable Property
✅ Unlisted Shares
✅ Gold & Jewellery

💾 Save this post for future reference. 📤 Share it with fellow investors and finance professionals.

📞 Need assistance with Capital Gains Tax or Income Tax Planning? Get in touch with Rushabh Modi & Co.

StockMarket Equity RealEstate GoldInvestment FinancialPlanning CharteredAccountant TaxUpdates Finance IndiaTax AY20262027 RushabhModiAndCo

Do YOU need GST registration?

Most people only check turnover — and miss the other 9 triggers 📋

✅ Turnover threshold (goods ₹40L*/services ₹20L)
✅ Any inter-state supply — no exemption
✅ E-commerce sellers & operators
✅ Reverse charge liability
✅ Casual/NRTP, ISD, TDS/TCS deductors

⚠️ Penalty for non-registration: 10% of tax (min ₹10,000) or 100% for evasion [Sec 122]

Documents & 30-day timeline in the image. Save this 📌
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✉️ [email protected]
CharteredAccountant Surat StartupIndia

Partnership vs LLP vs Private Limited — which one is right for YOUR business? 🏢

🔹 Liability: unlimited → limited → limited
🔹 Tax: 31.2% flat → 31.2% flat → 25.17%
🔹 Compliance: none → Form 8/11 → AOC-4/MGT-7 + AGM

No structure is "best" — it depends on your liability tolerance, compliance capacity & growth plans.
Full comparison in the image.
Save it for later 📌

📞 +91 98988 67674
✉️ [email protected]
StartupIndia CharteredAccountant Surat

Your foreign bank account, US stocks & overseas dividends will now show up in YOUR AIS 🌐
CBDT order (8 July 2026):

✅ 100+ countries' data → your AIS within 90 days
✅ Old years too — CY 2022–24 data entering 26AS NOW

⚠️ Undisclosed foreign assets = Black Money Act: ₹10 lakh penalty/year + prosecution

Reconcile Schedule FA before filing. Past gaps? ITR-U before the notice arrives.

DM or call for a Schedule FA review
📞 +91 98988 67674
✉️ [email protected]
NRITax CharteredAccountant Surat TaxIndia

GST paid ≠ GST claimable 🚫

Section 17(5) blocks ITC on all 12 of these — cars, staff food, gym, gifts, construction, CSR & more. Full list in the image — SAVE it.

⚠️ Safari Retreats relief for buildings? Largely nullified — Finance Act 2025 amended 17(5)(d) retrospectively from 2017.

Claiming blocked ITC = notice + interest + penalty.

📞 +91 98988 67674
✉️ [email protected]

CharteredAccountant Surat GSTIndia

GST Number got cancelled Not to worry take timely action within 90 days and Restore your GST Number

For Genuine reason if Number got cancelled Different high Courts have given Decision in favour of assessee

Know your Right

Same tax demand. One notice costs you 10% penalty, the other 50%. 👇
The difference? Just the section number — 73 vs 74.
Courts are quashing wrongly-issued Sec 74 notices.
Know your rights before you reply.