Manisha Mohol & Associates

01/03/2026

Only in Goa: ₹24 Lakhs Income… and Still Zero Tax? Here’s How.
There’s a powerful tax advantage available only to Goan married couples — thanks to Section 5A of the Income-tax Act, 1961.
Under Goa’s community of property system, income (other than salary) earned by a married person is automatically split 50:50 between spouses.
Example:
Husband earns ₹24 lakhs business income.
Spouse is a homemaker.1. Income gets divided: ₹12 lakhs each.
2. Tax computed separately in both hands.
If structured correctly under the applicable tax regime, this can significantly reduce to zero.
In simple words:
A homemaker in Goa can become the biggest tax planner in the family.
A unique provision.

14/02/2026

Tax Planning Before March ....

It is essential to report any additional income to your employer to avoid advance tax interest. This year, many employees may have NIL TDS if their salary falls within the Section 87A rebate limit under the new tax regime.

However, if you earn extra income such as fixed deposit interest, rental income, or capital gains, your total income could exceed the rebate limit. This may lead to a tax liability without adequate TDS, resulting in advance tax and interest under Sections 234B and 234C.

According to Section 192(2B), employees have the option to declare other income to their employer for accurate TDS deduction.

Be sure to inform your employer about any additional income before the March payroll to prevent unexpected tax liabilities and interest.

29/01/2026

NRI Alert - Resident Bank Accounts May Attract ED Scrutiny. A conversion of a resident savings account to a Non-Resident Ordinary (NRO) account is mandatory once an individual's status changes to a Non-Resident Indian (NRI). Upon staying outside India for more than six months, an individual's economic status changes, and they are legally prohibited from maintaining a normal resident savings account. It is imperative to immediately update the status of existing accounts to NRO. Failure to update account status is considered a technical violation by the Enforcement Directorate (ED), regardless of intent, and may result in a penalty of up to 300% on funds transferred into the account.

23/06/2023

https://camanisha.com/in-2023-tax-payers-need-to-be-aware-of-this/
Harsha Gurav Gurav Kethki Wadekar Sardessai Aniruddha Deshpande Centre for Incubation and Business Acceleration

Staying updated and accurately reporting tax payers' income and deductions will help ensure compliance and maximize the benefits.

23/06/2023

https://camanisha.com/choosing-the-income-tax-regime/

As the financial year comes to a close, salaried employees in Goa and Pune must make a well-informed decision regarding the selection of their tax regime.

22/06/2023

Did you visit our newly laid-out website? It has lots and lots of knowledge sharing and educative content. We are trying to set out foots on Facebook now. Let us know your views in the comments section below.

Get expert income tax return filing services from CA in Goa. Located in Ponda Goa near Panaji; call for prompt assistance!

08/06/2021

WHY NEW PORTAL for INCOME TAX ?
1) Fast Processing of ITR’s
The Economic Times tech on Jan 16 ,2019 had released a statement stating that the government has given IT major Infosys to develop the next-generation income tax filing system for Rs 4,241.97 crore which will cut down the processing time for returns from 63 days to 2-3 days or even 1 day and expedite refunds.
2) Make it Easy and Interactive
All interactions and uploads or pending actions will be displayed on a single dashboard for follow-up action by the taxpayer. Submit responses to Notices in Faceless Scrutiny or Appeals would be available.
3) Tax Payer Friendly Portal
Taxpayers will be able to update their profile to provide certain details of income including salary, house property, business/profession which will be used in pre-filling their ITR. Detailed pre-filling with salary income, interest, dividend and capital gains will be available after TDS and SFT statements are uploaded (due date is June 30th, 2021).
4) User Friendly Software
Free of cost ITR preparation software available offline (ITR 2) and (ITR 1, 4) online and Offline with interactive questions to help taxpayers file ITR even without any tax knowledge, with pre-filling, for minimum data entry effort.
4) Easy to use on Desktop/ Mobile
All key portal functions on the desktop will be available on the mobile app which will be enabled subsequently for full access on the mobile network.
5) Excel/Java to JSON (easy Maintenance)
In incometaxindiaefiling.gov.in Excel and Java Utility as well as JSON utility was present. So it was difficult to maintain and update the utilities. But with New Portal it will be easy to maintain as all the Utilities will be updated to one i.e. JSON.

08/06/2021

IncomeTax has launched a new look of it's portal from today. Have a look

23/01/2018

we are now live on www.poocho.in You'l may get in touch with us by downloading the app,
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14/06/2016

We are Hiring Article Clerks. Very good experience to avail from our projects. Candidates may send in their resumes to [email protected]

Location: Goa

18/11/2014

Do the things you fear and the fear will disappear! These are not mere words! This is the real life experience of Suresh Mohan Semwal, a Motivational Speaker...