NADIG ASSOCIATES

13/06/2025

Its time to file your income tax returns for the assessment year 2025-26

If not filed AY 2024-25 & 2023-24
Still you can file
Returns with late fees.

08/05/2024

Time to file Income Tax
Pls DM me will file income tax returns

01/04/2024

Old or New regime pls dm for further details

04/01/2024

FY 2023-24 AY 2024-25 for
Income Tax Related queries please dm.
Thanks & Regards

18/01/2023

Cash transactions:
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keep these things in mind

Transaction of more than Rs 20 lakh in cash in a financial year can attract a fine.
It is necessary to give PAN number for depositing or withdrawing cash more than Rs 50,000 at a time.
If a person deposits 20 lakh rupees in cash in 1 year, then he will have to give information about PAN (PAN) and Aadhaar (Aadhaar).
Fine up to Rs 20 lakh may have to be paid for not giving information about PAN and Aadhaar.
You cannot shop for more than Rs 2 lakh in cash.
A copy of PAN and Aadhaar card will have to be given if purchases of more than Rs 2 lakh are made in cash.
The person can come on the radar of the investigating agency on the purchase and sale of property worth more than Rs 30 lakh in cash.
At the time of payment of Credit-Debit Card card, if a person pays an amount of more than Rs 1 lakh in one go, then investigation can be done.
Can’t take cash more than Rs 2 lakh from your relatives in 1 day. This has to be done through the bank.
The limit for donating in cash has been fixed at Rs 2,000.
No person can take a loan of more than 20 thousand in cash from another person.
You will have to pay TDS if you withdraw more than Rs 2 crore cash from the bank

03/12/2022

Top 10 GST Revenue States in Nov, 2022.

Maharashtra - 21,611 crore
Karnataka - 10,238 crore
Gujarat - 9,333 crore
Tamil Nadu - 8,551 crore
Uttar Pradesh - 7,254 crore
Haryana - 6,769 crore
Delhi - 4,566 crore
West Bengal - 4,371 crore
Telangana - 4,228 crore
Odisha - 4,162 crore.

02/12/2022

Save penalty

A late fee of up to Rs 5,000 for people having an annual income of more than Rs 5 lakh can go up to Rs 10,000 if the ITR is filed after December but before March 2023.

20/11/2022

26/08/2022

26th Aug 2022

20/08/2022

Apart from the penalty of Rs 5000, you will also have to pay interest on the tax amount. This will be 1% of the tax amount per month. In this way, the disadvantages of filing belated returns are more, the advantages are less

12/08/2022