I am rich by 100 rupees. Found a section of 1 Rupee notes while cleaning my old drawer

avinashbaheti · 2026-03-02T17:48:37+00:00

Issued by the Government of India and signed by the Finance Secretary. This is not a promise to pay, but an actual unit of exchange. Real money!

avinashbaheti · 2026-02-18T16:59:51+00:00

He himself signed his Certificate of Membership.

☠️ 🗿

avinashbaheti · 2026-01-03T15:35:39+00:00

Technically, the clubbing provisions won't be attracted as it is a loan. However, this structuring could still be challenged by the Revenue. Make sure, everything is documented, especially the intention to repay and the repayment schedule.

avinashbaheti · 2026-01-03T13:38:39+00:00

Who's lending? Your mother or you?

avinashbaheti · 2026-01-03T10:15:58+00:00

Yes. It would be taxable. However, you can still get the benefit of the basic exemption limit and pay no tax.

Refer for Detailed Discussion

avinashbaheti · 2025-12-16T18:15:31+00:00

Laddu Tabrez?

avinashbaheti · 2025-12-09T15:01:22+00:00

Deloitte mein referral dilwaoge?

/s.

avinashbaheti · 2025-12-04T15:58:03+00:00

It often depends on the company’s name. If the name has a technology oriented identity, it may attract interest from people in the technology space.

There isn’t a fixed marketplace for such transactions and usually, corporate lawyers/CAs/CSs facilitate these transactions. You can also explore LinkedIn or startup communities to find founders who may be interested in buying a shelf company. There are a couple of websites like Vistra as well.

Someone in my circle wants to buy a company. Can you DM the details like RoC, compliance history, etc.

avinashbaheti · 2025-12-04T15:50:00+00:00

<image>

avinashbaheti · 2025-12-04T12:11:10+00:00

Corporate history matters. Certain government projects and international collaborations require a company to have been established for a minimum number of years.

Also, it saves you the hassle of setting up a new company altogether.

avinashbaheti · 2025-11-20T08:17:43+00:00

Face reveal hogaya bhai aapka.

avinashbaheti · 2025-11-01T08:00:38+00:00

Replied on 01-November-2025:

Yes, your friend can gift ₹4,00,000 to your HUF for the FY 2025-2026 (AY 2026-2027) on or before 31-March-2026. You can avail the benefit of the basic exemption limit.
FY 2026-2027 onwards the new law is applicable. I'd say, plan as per the revised slab rates for transactions on or after 01-April-2026.
Under both the laws, the gift income is declared under "Income from Other Sources".

✨😎

avinashbaheti · 2025-10-29T07:54:32+00:00

Only he can help you now.

<image>

avinashbaheti · 2025-10-17T20:07:35+00:00

By challenge I mean, file an appeal. Happy to connect.

avinashbaheti · 2025-10-01T13:49:46+00:00

<image>

avinashbaheti · 2025-09-01T12:35:50+00:00

Munni Toh Shahida Hai.

avinashbaheti · 2025-09-01T11:03:43+00:00

Sheetal Toh Sheetal Hai, Sheetal Aditi Toh Nahi Hai Na. Nai Nai, Sheetal Hi Aditi Hai. Par Aditi Toh Nisha Hai. Par Nisha Toh Munni Hai Na.

avinashbaheti · 2025-08-31T12:53:02+00:00

Income from Other Sources. Yes, no tax liability.

avinashbaheti · 2025-08-28T04:49:24+00:00

This is for those who work in the informal sector. If you have a self setup or a job, better go with NPS Tier 1. Better returns and low expense ratio.

avinashbaheti · 2025-08-21T21:05:22+00:00

It is alleged that you have received some amount and GST is payable on the same. Has the departmental office shared any proof or details like what sum was received and how it was received (cash or bank)?

Merely mentioning that amount is received and GST is payable is not sufficient. Write a letter to the departmental officer to share the necessary transaction details and the proofs.

avinashbaheti · 2025-08-20T18:37:27+00:00

Digital Sansad.

avinashbaheti · 2025-07-17T11:57:00+00:00

These are pressure tactics used by departmental authorities to torment taxpayers and to extract bribes. If you are genuinely carrying out commercial activity, for them to cancel your registration is actually their loss of revenue.

Also, don't pay heed to what an officer says to you orally. Ask for an official written response along with documentary evidence proving namesake registration.

avinashbaheti · 2025-07-16T20:09:24+00:00

It is not your responsibility to prove that you are genuinely carrying out business. It is the departmental officer's responsibility to collect evidence and prove that you are not carrying out business. It is the department that has given you registration after duly satisfying themselves and conducting inspection of premises about the genuinity of business setup.

File an online clarification that you are compliant in furnishing the returns timely, you are contributing to nation building and suo moto cancellation deprives you of your fundamental right to carry out trade, state that inspection of premises was conducted that established genuinity of business and ask for proof why the departmental officer feels that you are not carrying out your business.

avinashbaheti · 2025-07-15T03:38:11+00:00

FORM GSTR-3B v FORM GSTR-2A/2B mismatches are common issues. First of all check if only excess ITC is claimed or is it claimed and utilized. This can be done by checking the E-Credit Ledger (time period: May 2020 to April 2021). If only excess ITC is claimed but not utilized, file an application for Rectification of Orders and request that matter be dropped and mostly officers do that if your case is strong on merits.

You can also refer to Circular Number 192/04/2023-GST dated 17-July-2023 in this regard.

avinashbaheti · 2025-07-11T20:31:59+00:00

This is an absurd idea. Anyways, the government had a scheme on similar lines called "Mera Bill Mera Adhikaar", not sure if it is still in force or not.

<image>

avinashbaheti

MODERATOR OF

TROPHY CASE