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Chartered Accountant | Tax Litigation @itatorders | Startup Consultant | Travel Blogger | Coworking Space @ikoverk | @startupgrind Surat |
Jan 8 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
May 30, 2020 24 tweets 45 min read
BUSINESS EXCELARATOR PROGRAM is a unique program for entrepreneurs to provide practical strategies to identify growth opportunities & overcome current challenges.…

Questions that will be answered in this program: Question #1: Have you defined department-wise Key Performance Indicators (KPIs) based on specific goals & targets to measure whether your business objectives are achieved?

#performance #business #program #covidsolution #covid19 #msme #AtmaNirbharBharat #lockdown
May 9, 2020 14 tweets 28 min read
What Startup Business can you work on during #COVID19 ?#StartupIndia #TheStartupCA #Founders #Entrepreneurs #Incubation #Acceleration #startupclub #ikoverk

1. Personnel Protective Equipment Eg: Masks , Face Sheild and other equipments for #CoronaWarriors
@startupindia @DIPPGOI 2. Testing Equipment Eg: Cost-effective thermal scanning devices and rapid diagnostic kits

3. Critical- care equipment Eg portable oxygenators and hospital and home-based ventilators

#StartupIndia #TheStartupCA #Founders #Entrepreneurs #startupclub @startupindia @DIPPGOI
Mar 21, 2020 5 tweets 5 min read
I support the #JantaCurfew but any self isolation is not possible unless the Government extends the "Statutory Due dates" of Income tax and GST. I urge @narendramodi and @nsitharamanoffc for #DueDateCurfew #VivadSeVishwasScheme2020
The US and Canadian Govt states that "Taxes should be of the least priority at this stage" while the Indian Government in last 3 days is sending SMS, Email and Phone calls to all the taxpayers which clearly lacks empathy.
@IncomeTaxIndia , we want #DueDateCurfew
Mar 17, 2020 4 tweets 4 min read
#VSV #VivadSeVishwas
@IncomeTaxIndia @FinMinIndia @nsitharaman sending these messages to Taxpayers and Officers keep calling Clients !

When there are NO AVAILABLE FORMS FOR THIS SCHEME yet after 45 days!

If date is not extended , this Scheme will prove to be #VishwasSeVivaad Image Because of the non availability of Forms from 1st Feb, taxpayers waited and ultimately parked their funds in the most liquid asset in form of Equity shares and in the wait of the Forms, their 20% worth got eroded in stock market

Who will bear these losses ? @IncomeTaxIndia ?