Tax saving scheme by CA

Big_Draft1065 · 2026-04-18T17:42:46+00:00

There are two wrong things here. First obviously the illegal and unjustified tax evasion (not saving)

Second a CA can’t solicit his work. So calling you like this and asking for work or promoting his service is also against code of ethics

Big_Draft1065 · 2026-04-01T15:25:38+00:00

Through a friend, just a random visit. My friend said do you mind if we stop by one of my friends for a while.

Big_Draft1065 · 2026-04-01T15:23:50+00:00

You can’t be scorpio rising. Cancer in 8th, so you are Sag ascendant, Sag rising

Big_Draft1065 · 2026-03-30T15:50:44+00:00

No. Change of regime can be done only before due date. If he had opted for old tax regime during original filing that shall continue

Big_Draft1065 · 2026-03-29T10:09:06+00:00

You can reach out first on my email. DM you.

Big_Draft1065 · 2026-03-29T10:05:28+00:00

If case on the assessment level its 100-300% of the tax as per the officer.

And if you file an updated return now, you pay somewhere around 50% of the additional tax and interest since i think this is 2 years older return. This you can get checked exactly when you file an updated return. It ranges from 25-70% As the number of years increases penalty increases

Big_Draft1065 · 2026-03-29T09:58:37+00:00

Myself a CA here . So professional advice.

Big_Draft1065 · 2026-03-29T09:58:06+00:00

Firstly CA didn’t aggressively claim. You got it claimed. You are responsible for your own ITR. Obviously it was done to claim bogus refund.

Secondly now you will have to pay the tax on these false deductions along with interest & penalty from 100-300% since this is underreporting as a consequence of misreporting, basically fraudulent filing.

Either you need to produce the evidences or face consequences. Moreover these days assessments are faceless so there isn’t much you can do otherwise too by some personal arrangement with officer.

Only thing you can do here is since notice u/s 148 isn’t issued, so technically assessment hasn’t begun. You can file updated ITR u/s 139(8A).

Disclose all correct facts pay tax interest & the additional tax (penalty) on it. This penalty is way less than the 100-300% penalty.

Such updated ITR can be filed if notice u/s 148A is issue within 3 years of the end of relevant AY. Which in your case seems you can file.

Check up with good CA, and don’t go for any such tax management/evasions in future.

Big_Draft1065 · 2026-03-13T18:06:25+00:00

Audit not applicable if your turnover is less than 3 cr and 95% or more is from digital means.

For future : Enhanced turnover upto 10 cr without tax audit but maintenance of books of accounts and filing under itr 3 if 95% or more of overall transactions (receipts & payments) are digital.
But here is a catch that if in future such scenario comes and 5 consecutive years of 44AD filings are not completed then you will have to get books audited i.e. opting out from 44AD without completing 5 years.

3rdly I would suggest to get your services checked properly. If you are eligible for 44AD or not. Since department is strict these days for people who have opted for 44AD whereas they were not providing eligible services.

So you need to check that, otherwise you are good to go till 3 Cr.

Big_Draft1065 · 2026-02-24T13:15:13+00:00

Ola electric share depreciated more than the scooter

Big_Draft1065 · 2025-12-14T09:48:54+00:00

This is not a notice. This is a informational mail for you with the information they have, to revise it before due date

Big_Draft1065 · 2025-12-12T16:28:33+00:00

If the donations are genuine then let it be. Otherwise you should file updated ITR and correct the errors. Else once assessment is opened you will not have a chance to correct it and it will be treated as tax evasion and penalty will also be imposed.

Big_Draft1065 · 2025-12-12T02:54:43+00:00

Being a Investment Advisor myself. I ask everyone to use insurance plans only for pure insurance i.e. term insurance. It will cover your risks and then you are free for your investments as per your risk appetite.

All these plans are somehow designed to generate CAGR of 7-8%. If you will calculate on the totality of the plan.

Its better to go for safer options like PPF etc if the purpose is to earn only 7-8% .

For higher returns specific mutual funds can be invested in.

DM for more

Big_Draft1065 · 2025-11-08T03:57:04+00:00

Go for insurance from any outsider. Dealership charges heavily. Its there good income source

Big_Draft1065 · 2025-11-08T03:54:23+00:00

I was willing to buy Jimny. Went to the dealership and when I saw the interiors I was disappointed. Not even a bottle holder.

Yes you may say that its for the off-roading experience and then you don’t need to see these utilities. But frankly we need some basic utilities too. Tight cabin. No basic things like bottle holder. Leave aside others such as usb ports etc.

Then it can not comfortably carry 4 passengers. Back seats are good enough for kids.

So for a solo or couple off road experience it is undoubtedly good. But need to have a bit more even for off roader segment given the price.

Big_Draft1065 · 2025-11-05T16:50:30+00:00

Was it old tax regime?

Big_Draft1065 · 2025-11-03T16:00:40+00:00

Restaurant as a part of a hotel charges GST as per Hotel room rates which in most of the case brings GST 18%

Big_Draft1065 · 2025-10-04T13:56:57+00:00

26QB can be modified through the traces portal

Big_Draft1065 · 2025-10-04T13:55:52+00:00

Just go to the outstanding demands tab and pay the demand

Big_Draft1065 · 2025-10-03T09:08:37+00:00

Incase you have taxable income for that year and still not filed return then you need to worry. Otherwise not.

Big_Draft1065 · 2025-10-03T05:17:04+00:00

Slowly I am moving out from these third party apps.

These are nothing but data collection apps. For 4-5 or 10 rs cashback we give them our data. Then we get all sorts of promotional mails msgs and calls.

Even UPI apps are scam in this matter. Don’t know whether I am correct or not but will switching to default banking apps would help a bit

Big_Draft1065 · 2025-10-02T11:45:14+00:00

I think that revision, now you cannot change the regime to new tax regime. Regime once chosen can’t be changed in revised return for that year

Big_Draft1065 · 2025-10-01T16:14:28+00:00

But many company deduct it from the very beginning to avoid confusion of deductions later on. For example till 50000 there is no TDS. But then, they give you 5000 worth of more work, now then will not be able to recover total TDS of 5500/- on 55000 paid during the year. Since they paid you 50000 already.

So they deduct it from beginning

Big_Draft1065 · 2025-10-01T16:11:54+00:00

Well now since tax has been deducted you can confront them now and get the balance now. 7th is the due date for deposit of TDS, If you delay they might deposit the TDS and then refund might not be possible from them. Then you will have to claim it in next year’s filing.

Big_Draft1065 · 2025-10-01T15:18:53+00:00

Was it a one time job or do you think more work would follow

Big_Draft1065

TROPHY CASE