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Startup Consultant | Chartered Accountant | Tax Litigation @itatorders | Travel Blogger | Coworking Space @ikoverk | @startupgrind Surat |
Jan 8 14 tweets 6 min read
It is said that the VALUE is in the eyes of the beholder so in the next 15 min, let me derive the VALUATION range for #Mamaearthipo with facts and figures.

A thread 🧵 #mamaearth became the 1st unicorn in 2022 with signs of profitability and is likely to be the 1st new age D2C Startup to have an IPO after audiotech brand #Boat withdrew its IPO plans earlier this year citing uncertain market; it is imp to understand the positioning of #Mamaearth
Jan 1 9 tweets 4 min read
In every MLM scheme, you need a Product to be marketed where the early participants gains whereas the last entrants lose money and are struck

In case of #Mamaearthipo , the "shampoo" is not the Product but the "Founders" are the Product.

Lets understand the Game!

A thread(1/n) 1. The Startup has raised $126 million ( 1000 Cr ) in 8 rounds to reach at the revenue of 920 Cr.

It is like paying you Rs. 100 to buy their product of Rs. 92 Image
Dec 12, 2022 4 tweets 1 min read
Salient features of Code of Civil Procedures which every common citizens should know

A thread ( 1/n) There are High Courts, District Courts and civil courts sub-ordinate thereto and Small Causes Court to which a Plaintiff can lodge his case (plaint) and the other party is called Defendent and the final decision is called DECREE which is formal expression of an adjudication.
Oct 29, 2022 14 tweets 14 min read
Suggested itinerary for #Vietnam with some hidden gems and unexplored places as per public demand!

A Thread🧵

#traveltips #travelblogger #Hanoi #hochiminhcity #Danang #HoiAn #Flights Choose Vietjet ( book direct) or Indigo

Try both permutations
Departure: Mumbai - Hanoi
Return: Ho Chi Minh City - Mumbai
and vice versa

to get best price and timings ( so you don't land midnight and pay for 1 N more)
Internal flights: #Vietjet Danang as 3rd city
Oct 25, 2022 10 tweets 8 min read
Tips for travelling to Vietnam

A thread ( 1/n)

1. While in Hanoi, book Hotel Lotte

PS: Thank me later 2. Book Airport transfers through @KlookTravel app and surf other offers
Sep 15, 2022 5 tweets 4 min read
Mar 2019, #BYJUS showcased investors that in FY21, Revenue shall be 5609 Cr and profit be 549 Cr and justified its Val at 16364 Cr

Done Revenue of only 2800 Cr and loss of 4500 Cr in FY21 but now at Valuation of 1,75,606 Cr

Startup Valuation is biggest MLM scam of this century! BYJUs Projection shown in 2019 Every #MLM needs an innovative Product.

So here comes an "An Idea + flamboyant Founders who can Pitch + a legal entity" packaged as a Product wherein an existing investor is expected to recruit new investors at higher valuation.

#BYJUS #startups #sharktankindia
Jan 8, 2022 6 tweets 7 min read

CA Se Door Raho -

CA Ko Nikal Do -

But this is how me as a CA as well as other CA/CS around me have added value to #Startups and #Angel #Investment
#SharkTankIndia #startupindia #SharkTank ( 1/n )

@namitathapar @amangupta0303 @Ashneer_Grover @peyushbansal @vineetasng Angel Investors commit to invest in Startups without having any knowledge that there is a deemed "Angel tax" on premium paid on equity u/s 56(2)(viib)

I have saved 200 Cr+ on tax on such hasty decisions taken by #Investors by applying for #Angeltax exemption #startupindia
Oct 17, 2021 7 tweets 5 min read
If you think #Travelling Is Expensive, you might just be doing it wrong

This is how I booked my #Maldives Package for Rs. 28k ( $375 ) per person ( 3 pax )

A Thread ( 1/n ) While for most people extravaganza is a symbol of luxury, for me Maldives has been abt different shades of Blue which itself is a luxury to behold
Maldives are an archipelago of 1,192 coral islands grouped into 26 coral atolls ( 154 islands tourist resorts) in the Indian Ocean
May 17, 2021 8 tweets 2 min read
The content of email written by student considered as derogatory remarks and her apology letter. Sadly, she has to go through such a turmoil.

Remarks by High Court which should enable ICAI ( us ) to introspect the internal system and accountability.

(1/n) A perusal of the e-mail sent by the petitioner
reveals that the same was addressed to President and
other office bearers and not to the Exam Committee. Hence, the EC ought not have taken cognizance of an e-mail sent to the President, unless the President directed it to do so.
May 16, 2021 12 tweets 12 min read
Today, would like to share the thought process and inspiration behind building the South Gujarat's first #Coworking @ikoverk

Coworking Spaces are Plug and Play offices for #Startups, #Freelances, #Consultants and #SMEs but we wanted to build something more- a Community (1/n) As you enter, you with find a Large Front desk with volunteers to guide you and onboard you for a 7 Days Free Trial amidst the aroma of Coffee and chirping of fellow coworkers discussing new ideas.

#Connect #Collaborate #Celebrate is the motto.
May 15, 2021 9 tweets 5 min read
After CA in 2009, when seniors suggested that I should join "Big4" for few years, then join own practice but I believed that I should start right away and make my next office with my own perception of an ideal office. It took 10 years but would like to share the vision (1/n) The Promoters' Cabin is built on the theme of "Possibilities"
The Art work depicts all possibilities of winning in a Tic Tac Toe game meaning therein that when you come here, all the possibilities for winning a "Tax Litigation" is taken care of.
Apr 10, 2021 4 tweets 2 min read
After Lockdown Birthday last year, I feel blessed to have office collegues who can be so "expressive" inspite of working in a COVID shell from a year.

#preponed #birthday #11april Sticky Notes with birthday wishes from each staff. If I can guess who wrote it, I get the chocolate or its to be returned!

Where the word used is 'Hope to learn', it means new interns!

Planning to give a short submission to each staff today, and match the handwriting!
Apr 10, 2021 5 tweets 1 min read
Myth : When your oxygen Goes below 90 % , Get admitted.

Now if you see data.
More than 50 % of deaths are within 48 hours of admission.

What does it mean.
Once Resting Oxygen is less than 90 % , more than 60% of your lung is involved. So How would you prevent this :

Whether its Home Treatment ( Not home isolation) or hospitalization .
Fever , bodyache, weakness and in aged loss of appetite are early symptoms, Dont neglect them .
Sep 26, 2020 8 tweets 8 min read
Took Rs. 1380 Crore in 2017 for @Infosys_GSTN but there is no end of errors. Enough of Representations to @FinMinIndia and @Infosys_GSTN. Its time to deal the corporate way. I urge all to post one error and tag one client of @Infosys and ask them if they also get such service ? @ICICIBank
When @Infosys designed Softwares for you, did you also face same problems like delayed OTPs after expiry, need for customer standing in online queue while logging in and mistake in calculation,like we taxpayers face as GST penalties are calculated wrong?
Sep 25, 2020 7 tweets 3 min read
@IncomeTaxIndia @narendramodi fulfils his word to roll out the Faceless Appeal Scheme on 25th Sep on occasion of #deendayaljayanti. Distinguished features of the Scheme are:
1. There shall be National Faceless Appeal Centre , Regional Faceless Appeal Centres and Appeal units The National Faceless Appeal Centre shall assign the appeal to a specific appeal unit in any one Regional
Faceless Appeal Centre through an automated allocation system
#FacelessAppeals #FacelessAssessment
Sep 13, 2020 6 tweets 5 min read
The #COVID scenario would want you to try new gadgets. In life, it is really important to explore and settle for optimal solutions rather than the "stated best" and so these are 5 reasons I opted for @LGMobileGlobal #G8xThinQ #dualscreen compared to @SamsungMobile #Fold2 1. Like any other foldable phone , ThinQ is also bulky but Dual screen comes as an accessory which is detachable when you want to not multitask but use a simple phone. Thus instead of using bleeding edge and expensive tech, LG has made something less impressive but more practical
Aug 30, 2020 6 tweets 3 min read
5 Reasons why Faceless Appeals without options for Video Conferencing etc might prove to be a nightmare for taxpayers.
@nsitharaman @theicai @FinMinIndia @IncomeTaxIndia @CAclubindia @taxguru_in @itatorders
#FacelessAssessment The major reason for tax liability in initial years of Faceless assessment would be instances arising out of communications and system lacuna and errors and then Faceless appeal would further add to the fuel with the same system shortcomings instead of coming to taxpayers' rescue
Jul 30, 2020 9 tweets 11 min read
Would like to present my e-Book on Angel Tax which shall be a helpful guide when someone invests in Indian Startups

@amitabhk87 @telljeeves
@ianetwork @dkhare
@harshmadhusudan @BlumeVentures

Perils of Angel Tax and its effect on Startup Ecosystem @rchowdhri @avnish
@sajithpai @subtletea @skirani @TVMohandasPai @GonzagaCapital @FasterCapital @BKartRed @Sujeet_fk @Jetty_Ventures @arpiit @InventusIndia @GembaCapital @Adithpodhar @mehtasanjay @pratikpoddar @NexusVP
Jul 23, 2020 6 tweets 3 min read
Business Idea #1: Start Drive-in Cinema.

#COVID19 #StartupIndia Business Idea #2 : Open Cloud Restaurant Take away with new recruits of Chef, Sourcing and Delivery boys all who have been COVID positive and recovered.

#COVID19 #startupIndia
Jun 21, 2020 10 tweets 15 min read
Today Many Celebrities wished their Father a Happy Fathers' Day and they were severely 'abused' by Fans with lessons on Nepotism. This is so wrong!

@sonamakapoor @SonuSood @karanjohar @aliaa08 @AnilKapoor @AnupamPKher

#FathersDay #nepotism #wrongthinking #celebrities #stop Nepotism may be prevalent in every Industry but presumptively, it might work less in Bollywood because even if you may secure a film, do you think that the audiences are fools?
#FathersDay #nepotism #wrongthinking #celebrities
Jun 7, 2020 7 tweets 6 min read
Well I can give 100 reasons why would a Taxpayer need Services of a CA for filing return of income.
@IncomeTaxIndia @nsitharamanoffc You should consider removing this derogatory comment for a profession which helps you fulfil your Targets and is a catalyst for tax collection Image @PiyushGoyalOffc @PiyushGoyal @sureshpprabhu @narendramodi @theicai @FinMinIndia @IncomeTaxIndia