G Joshi & Co., Tax Consultants

G Joshi & Co., Tax Consultants Income tax, Gst Tax Consultants, Returns filings. Registration of firms, companies, LLP, Society, T

Growth is a continuous journey, and innovation thrives on shared knowledge. Today, we celebrate the spirit of learning a...
29/07/2026

Growth is a continuous journey, and innovation thrives on shared knowledge. Today, we celebrate the spirit of learning and express our deepest gratitude to the workplace gurus who pave the way for our success. Happy Guru Purnima! ✨💼

Cash Transaction Limits You Need to Know! 🚨Handling large amounts of cash can accidentally land you with massive penalti...
13/07/2026

Cash Transaction Limits You Need to Know! 🚨
Handling large amounts of cash can accidentally land you with massive penalties if you aren't aware of the latest rules under the Income Tax Act.
Here is a quick breakdown of the crucial limits to keep your business and personal finances safe:

Cash Receipts (Sec. 269ST): Cannot receive ₹2,00,000 or more from a person in a single day, for a single transaction, or for one event. Penalty: 100% of the amount received.

Loans & Deposits (Sec. 269SS/269T): Cannot accept or repay a loan, deposit, or property advance of ₹20,000 or more in cash. Penalty: 100% of the amount.
Business Expenses (Sec. 40A(3)): Cash payments above ₹10,000 to a person in a day will not be allowed as a tax deduction (Limit is ₹35,000 for transporters).

Donations: Cash donations above ₹2,000 are not eligible for tax deductions under u/s 80G.
Bank Withdrawals & TDS (Effective 1 April 2026): While there is no direct cap on withdrawing your own money, aggregating over ₹1 Crore (or ₹3 Crore for Co-operative Societies) in a financial year will trigger a TDS of 2% (or 20% if your PAN is inoperative).

⚠️ Common Mistake: Splitting a large amount into multiple smaller cash payments for the same transaction is still a violation!
Stay compliant, maintain proper records, and opt for digital or bank transfers to avoid a 100% penalty.

INCOME TAX MAJOR DEVELOPMENT: CBDT has paved the way for reporting AEOI/CRS information in the Annual Information Statem...
12/07/2026

INCOME TAX MAJOR DEVELOPMENT: CBDT has paved the way for reporting AEOI/CRS information in the Annual Information Statement (Form 168). 🔥🔥

Going forward, taxpayers with overseas bank accounts, investments, interest, dividends or other reportable foreign financial assets should reconcile these with their Income Tax Return and foreign asset disclosures.

Any mismatch between the reported information and tax filings could lead to verification or scrutiny.

🚨 ₹17 lakh tax refund denied… but ITAT came to the rescue!A taxpayer missed ITR e-verification while caring for his ill ...
12/07/2026

🚨 ₹17 lakh tax refund denied… but ITAT came to the rescue!

A taxpayer missed ITR e-verification while caring for his ill father. The refund was rejected on technical grounds—but ITAT ruled that a genuine refund cannot be denied merely due to a procedural lapse, citing Article 265 of the Constitution.

✅ Lesson: Filing your ITR isn’t enough—always e-verify it to avoid delays or disputes.

This ruling is case-specific and depends on the facts and circumstances.

MCA Extends Companies Compliance Facilitation Scheme (CCFS-2026) till 31st August 2026The Ministry of Corporate Affairs ...
08/07/2026

MCA Extends Companies Compliance Facilitation Scheme (CCFS-2026) till 31st August 2026

The Ministry of Corporate Affairs (MCA) has extended the validity of the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) from 15th July 2026 to 31st August 2026.

📌 Key Highlights:

✅ Scheme validity extended up to 31st August 2026.

✅ Provides additional time for companies to complete pending statutory filings.

✅ Extension has been granted considering the capacity enhancement/restoration activities at MCA's data centre following the fire incident on 5th June 2026.

⚠️ Action for Companies & Professionals

If your company has any pending MCA filings, utilize this extended window to complete compliances and avoid unnecessary regulatory issues.

📄 MCA General Circular No. 03/2026 dated 08.07.2026.

Follow CA Junction India for regular Tax, GST, MCA & ICAI Updates:
https://whatsapp.com/channel/0029Vb6bWnOHgZWdDv9BU30z

08/07/2026

Your taxes deserve expert care.
GJoshi & Co., Tax Consultants provides reliable tax, accounting, GST, compliance, and business support services for individuals and businesses.

Simplify your taxes. Focus on your growth.

📞 Contact: 9394004807 / 8374358364

Your taxes deserve expert care.GJoshi & Co., Tax Consultants provides reliable tax, accounting, GST, compliance, and bus...
07/07/2026

Your taxes deserve expert care.
GJoshi & Co., Tax Consultants provides reliable tax, accounting, GST, compliance, and business support services for individuals and businesses.

Simplify your taxes. Focus on your growth.

📞 Contact: 9394004807 / 8374358364

GST filing made simple, accurate, and stress-free with GJoshi & Co., Tax Consultants. Call: 9394004807 / 8374358364 ...
06/07/2026

GST filing made simple, accurate, and stress-free with GJoshi & Co., Tax Consultants. Call: 9394004807 / 8374358364

ICAI Issues Draft Regulations to Revise Articleship StipendThe ICAI has published the Draft Chartered Accountants (Amend...
06/07/2026

ICAI Issues Draft Regulations to Revise Articleship Stipend

The ICAI has published the Draft Chartered Accountants (Amendment) Regulations, 2026, proposing an increase in the minimum monthly stipend payable to articled assistants under Regulation 48 of the Chartered Accountants Regulations, 1988.

🔹 Proposed Minimum Monthly Stipend

Cities/Towns with Population of 20 Lakhs & Above
• 1st Year: ₹5,000
• 2nd Year: ₹6,000

Cities/Towns with Population of 5 Lakhs & Above but Less than 20 Lakhs
• 1st Year: ₹4,000
• 2nd Year: ₹5,000

Cities/Towns with Population Below 5 Lakhs
• 1st Year: ₹3,000
• 2nd Year: ₹4,000

📌 Important Points
✅ These are draft regulations and are not yet effective.
✅ Stakeholders can submit objections or suggestions within 30 days from the date of publication in the Official Gazette.
✅ The revised stipend will become applicable only after the final regulations are notified.

📄 Source: ICAI Draft Chartered Accountants (Amendment) Regulations, 2026 (Published on 25 June 2026)

Address

12-8443/448 2nd Floor Kaveri Court, Above Canara Bank, Near Mettuguda Metro Station, Mettuguda, Secunderabad
Hyderabad
500017

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Monday 10am - 6pm
Tuesday 10am - 6pm
Wednesday 10am - 6pm
Thursday 10am - 6pm
Friday 10am - 6pm
Saturday 10am - 6pm

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+919394004807

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