Chartered Accountant Consultancy Service

31/12/2025

As we welcome New Year 2026, I extend my sincere gratitude for your continued trust and association. May the year ahead bring you financial stability, consistent growth, enhanced profitability, and new avenues for wealth creation.

15/12/2025

Hiring More Employees Just Got Cheaper!

India’s growth story depends heavily on job creation, formalisation of employment, and skill-based hiring. To strengthen this vision, the Government of India has introduced the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) — a flagship employment-linked incentive scheme aimed at encouragi...

30/10/2025

Just a thought !!

Due dates were extended today. Great but after all the festivals have ended. Wouldn’t it have been more sensible to announce this around the 20th?

That way, professionals and taxpayers could have actually celebrated the festive season with their families instead of working through it.

Why this constant insensitivity toward people’s well-being and genuine demand? A little timely decision-making could have made a big difference.

Give 👍, if you agree with thought!

20/10/2025

Happy Diwali from Natasha & Co.
May the light of the diyas fill your life with joy and prosperity! ✨

From the desk of Natasha & Co. Chartered Accountants, we wish you and your family a very Happy Diwali.

May this festival of lights usher in a prosperous future for you, filled with success, happiness, and abundant wealth. We are here to help you manage and grow that prosperity through sound financial planning and expert advice.

Shubh Deepawali!

13/10/2025

Gujarat High Court delivers a landmark ruling —

it is mandatory to maintain a 1-month gap between the Tax Audit (TAR) date and the ITR filing deadline. The court has directed CBDT to extend the ITR deadline accordingly and issue necessary instructions.

Why this matters: under Section 44AB read with Section 139(1) of the Income Tax Act, the “specified date” for furnishing the audit report (TAR) is statutorily defined as one month before the ITR deadline. Yet, CBDT had extended only the audit deadline (from Sept 30 → Oct 31, 2025) without shifting the ITR filing date — creating a conflict with the law.

In its judgment, the Gujarat HC emphasized that:

CBDT lacks authority to extend the audit deadline in isolation when the statute mandates the one-month gap.

To realign with the legal mandate, the ITR deadline must also be extended (to November 30, 2025 in this case).

CBDT should issue clear instructions allowing taxpayers & professionals to comply without penal hardship.

This is a remarkable win for taxpayers & the compliance ecosystem. It corrects a legal inconsistency, respects statutory design, and eases the burden on professionals forced into impossibly tight timelines.

Heads-up for taxpayers / CAs:

Keep an eye out for CBDT’s formal notification extending ITR deadline for audit cases.

Plan your audit & ITR schedule accordingly — the extra time will be a relief.

Stay alert on penalty provisions (e.g. Section 271B for delay in audit filing).

Use this judgment as leverage in any pending appeals or stay petitions.

10/10/2025

Saving Bank Account Alert for Income Tax

Your Savings Account is not just a place to park money. it’s under the scanner of the Income Tax Department!

Let’s decode the key points every taxpayer should know 👇

1. Cash Deposit Limits - Large cash deposits attract attention!
👉 Cash deposits above ₹10 lakh in a financial year (across all savings accounts) are reported to the Income Tax Department under SFT (Statement of Financial Transactions).

2. Cash Withdrawal Limit
👉 Banks report cash withdrawals over ₹1 crore in a financial year (₹20 lakh if no PAN/Aadhaar).
Frequent large withdrawals can trigger verification.

3. Interest Credit Mismatch
Interest reflected in your bank statement should match the amount reported in Form 26AS / AIS.
Mismatch may lead to notice or demand during processing of ITR.

4. Multiple Bank Accounts
Having multiple accounts is fine, but you must disclose all savings interest income in ITR — not just from your main account.

6. Joint Accounts
Income from joint accounts should be reported by the person who actually owns the funds, not necessarily both holders.

7. Dormant or Old Accounts
Even if inactive, any interest credited is still taxable. Don’t forget to include it in your return.

Stay compliant, stay stress-free. 💡

06/10/2025

🚨 GST Return Filing Shake-up from 1st Oct 2025 🚨

If you handle GST compliance, here are 3 major changes you can’t ignore 👇

1️⃣ Auto-population of ITC – Gone!

Until now, your ITC from GSTR-2B would flow directly into GSTR-3B. From 1st Oct 2025, that stops.
👉 You’ll now have to check GSTR-2B manually before claiming ITC.

2️⃣ Manual Generation of GSTR-2B

No more auto-generated 2B!
✔ You must log into the Invoice Management System (IMS)
✔ Accept or reject invoices
✔ Then generate GSTR-2B → only after this, data flows into 3B.

3️⃣ Credit Notes – New Taxability Rule

If a supplier issues a credit note but the recipient rejects it in IMS, the supplier’s tax liability won’t reduce.
👉 Unless the recipient reverses the ITC, the liability will be added back. (Amendment to Section 34).

⚡ And one more big shift:
You cannot file GSTR-3B unless your GSTR-2B is generated. (Amendment to Section 39(1)).

Thanks & Regards
*CA Natasha Rajvaidya*

4.9 ⭐ · Chartered accountant in Bhopal, India

03/10/2025

Starting 04th October 2025, cheques will be cleared on the same day within hours. This means faster transactions and quicker settlements for businesses and individuals alike.

Advisory :

While accepting cheques, kindly ensure that your customers maintain sufficient funds in their bank accounts to avoid returns or penalties.

04/09/2025

GST Council announces major changes effective 2025 – essentials cheaper, luxuries costlier. Here’s how it impacts lower, middle, and high-income groups. CA Natasha Rajvaidya’s expert analysis.

The Government of India has recently announced major GST rate changes through its latest press release. These revisions aim to simplify tax slabs, boost compliance, and balance revenue needs with consumer affordability.

22/07/2025

No More TDS Penalty if PAN-Aadhaar Linked Before Sept 30!

https://www.linkedin.com/pulse/big-relief-tds-demands-due-pan-aadhaar-non-linking-natasha-rajvaidya-olluf

Introduction: In a significant move aimed at easing compliance burdens, the Central Board of Direct Taxes (CBDT) has issued a circular providing relief to taxpayers and deductors from TDS/TCS demands that arose due to non-linkage of PAN with Aadhaar. This circular addresses concerns raised during th

01/07/2025

Happy 77th Chartered Accountants’ Day!

On this special occasion of CA Day – 1st July 2025, I extend my heartfelt wishes to all my fellow Chartered Accountants across the country.

For 77 years, the CA fraternity has been the backbone of India’s financial discipline, corporate governance, and economic growth. Through dedication, integrity, and constant upskilling, we continue to shape businesses, inspire trust, and drive progress.

May we keep raising the standards of excellence and ethics, and continue to make a positive difference in society!

Wishing all my CA colleagues a very Happy CA Day! 🎉

01/07/2025

On this day, 1st July 2025, we mark 8 transformative years since the rollout of the Goods and Services Tax (GST) in India – a reform that unified the nation’s indirect tax landscape under one comprehensive system.

From simplifying compliance to fostering ease of doing business, GST has played a pivotal role in reshaping India’s economic framework and driving transparency and growth.

Here’s to building an even more robust, technology-driven and taxpayer-friendly GST regime!