HENCY R SHAH AND ASSOCIATES

  🚀 𝑴𝒂𝒋𝒐𝒓 𝑻𝒂𝒙 & 𝑮𝑺𝑻 𝑪𝒉𝒂𝒏𝒈𝒆𝒔 𝒊𝒏 𝑰𝒏𝒅𝒊𝒂 𝒇𝒓𝒐𝒎 𝑨𝒑𝒓𝒊𝒍 1, 2025!  As we step into FY 2025-26, several important tax and GST changes will take effect. Here's a quick summary of the key updates you should know! 🏦 𝐼𝑛𝑐𝑜𝑚𝑒 𝑇𝑎𝑥 𝐶ℎ𝑎𝑛𝑔𝑒𝑠  ✅  𝐇𝐢𝐠𝐡𝐞𝐫 𝐓𝐚𝐱 𝐑𝐞𝐛𝐚𝐭𝐞 𝐮𝐧𝐝𝐞𝐫 𝐒𝐞𝐜 𝟖𝟕𝐀  – Increased from ₹25,000 to ₹60,000 for incomes up to ₹12 lakh (New Regime). ✅  𝐑𝐞𝐯𝐢𝐬𝐞𝐝 𝐓𝐚𝐱 𝐒𝐥𝐚𝐛𝐬  – Basic exemption raised to ₹4 lakh; highest 30% tax on income above ₹24 lakh. ✅  𝐇𝐢𝐠𝐡𝐞𝐫 𝐓𝐃𝐒 𝐓𝐡𝐫𝐞𝐬𝐡𝐨𝐥𝐝𝐬  – Bank deposit TDS limit increased from ₹40,000 to ₹50,000. ✅  𝐏𝐞𝐫𝐪𝐮𝐢𝐬𝐢𝐭𝐞 𝐄𝐱𝐞𝐦𝐩𝐭𝐢𝐨𝐧𝐬  – Employer-paid foreign medical expenses are no longer taxable. ✅  𝐍𝐏𝐒 𝐕𝐚𝐭𝐬𝐚𝐥𝐲𝐚 𝐓𝐚𝐱 𝐁𝐞𝐧𝐞𝐟𝐢𝐭  – Additional ₹50,000 deduction on contributions to children’s NPS accounts. ✅  𝐔𝐋𝐈𝐏 𝐆𝐚𝐢𝐧𝐬 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧  – Proceeds ...

  📢 𝒀𝒆𝒂𝒓-𝑬𝒏𝒅 𝑪𝒉𝒆𝒄𝒌𝒍𝒊𝒔𝒕 𝒇𝒐𝒓 𝑩𝒖𝒔𝒊𝒏𝒆𝒔𝒔𝒆𝒔 – 𝑻𝒂𝒙 & 𝑪𝒐𝒎𝒑𝒍𝒊𝒂𝒏𝒄𝒆 𝑷𝒓𝒊𝒐𝒓𝒊𝒕𝒊𝒆𝒔! 🚀  The FY  2024-25 is closing soon  ⏳ this is your last chance to  finalize accounts, comply with tax laws, and ensure a smooth transition  into the next year! Missing key financial and tax adjustments can lead to  penalties, compliance issues, and audit troubles . Here’s a  must-do checklist  to wrap up your year  efficiently . ✅ 🔍 𝐓𝐚𝐱 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 & 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 📊  ✔  Pay Advance Tax & Clear Dues  – Ensure your tax liability is covered to  avoid interest & penalties . ✔  TDS/TCS Reconciliation  – Verify tax deducted at source (TDS) against your books & Form 26AS. ✔  GST Input-Output Matching  – Reconcile GST input tax credit & correct mismatches before filing returns. ✔  MSME Payments Compliance  – Pay MSME vendors within...

🔍 IndusInd Bank’s ₹1,577 Crore Accounting Shock – What Went Wrong? IndusInd Bank, known for pioneering internet banking in India, is now in the spotlight for a different reason—a ₹1,577 crore hit (~2.35% of net worth) due to accounting mismatches in its derivatives portfolio. 📉 What Happened? For 5-7 years, the bank used interest rate swaps (IRS) and FX derivatives to hedge foreign currency deposits and borrowings. However, while external trades were marked-to-market, internal trades were misaccounted using swap cost accounting—leading to valuation mismatches. ❓ Why Now? 🔸 New RBI rules (April 2024) prompted a review, exposing these discrepancies. 🔸 IndusInd Bank proactively reported the issue & engaged an external agency to investigate. ⚠️ Leadership Shake-Up & Oversight Gaps 🔹 CEO Sumant Kathpalia’s extension reduced to one year—RBI concerns? 🔹 Ex-CFO Gobind Jain’s recent resignation adds to the uncertainty. 🔹 Audits missed this for years—raising serious ri...

  🕵️‍♂️ 𝑵𝒐 𝑨𝒑𝒓𝒊𝒍 𝑭𝒐𝒐𝒍: 𝑻𝒂𝒙 𝑶𝒇𝒇𝒊𝒄𝒆𝒓𝒔 𝑪𝒂𝒏 𝑵𝒐𝒘 '𝑹𝒂𝒊𝒅' 𝒀𝒐𝒖𝒓 𝑬𝒎𝒂𝒊𝒍𝒔 & 𝑺𝒐𝒄𝒊𝒂𝒍 𝑴𝒆𝒅𝒊𝒂! 📩🚨 Imagine waking up one day, grabbing your phone, and realizing  𝑡𝑎𝑥 𝑜𝑓𝑓𝑖𝑐𝑖𝑎𝑙𝑠 𝑐𝑎𝑛 𝑛𝑜𝑤 𝑠𝑐𝑟𝑜𝑙𝑙 𝑡ℎ𝑟𝑜𝑢𝑔ℎ 𝑦𝑜𝑢𝑟 𝑒𝑚𝑎𝑖𝑙𝑠, 𝑠𝑜𝑐𝑖𝑎𝑙 𝑚𝑒𝑑𝑖𝑎 𝐷𝑀𝑠, 𝑎𝑛𝑑 𝑐𝑙𝑜𝑢𝑑 𝑠𝑡𝑜𝑟𝑎𝑔𝑒—𝑤𝑖𝑡ℎ𝑜𝑢𝑡 𝑎 𝑤𝑎𝑟𝑟𝑎𝑛𝑡!  😳 Well, thanks to  𝐶𝑙𝑎𝑢𝑠𝑒 247 𝑜𝑓 𝑡ℎ𝑒 𝐼𝑛𝑐𝑜𝑚𝑒 𝑇𝑎𝑥 𝐵𝑖𝑙𝑙 2025 , this could be a reality starting  𝐴𝑝𝑟𝑖𝑙 1, 2026  (and no, this isn’t an April Fool’s joke). ⚖️ 𝐖𝐡𝐚𝐭’𝐬 𝐇𝐚𝐩𝐩𝐞𝐧𝐢𝐧𝐠? The new Income Tax Bill proposes giving tax officers  𝑢𝑛𝑟𝑒𝑠𝑡𝑟𝑖𝑐𝑡𝑒𝑑 𝑑𝑖𝑔𝑖𝑡𝑎𝑙 𝑎𝑐𝑐𝑒𝑠𝑠  to your: 📧 Emails & Encrypted Chats 📱 Social Media (WhatsApp, Instagram, X, Facebook) 💾 Cloud Storage (Google Drive, iCloud, Dropbox) 💰 Crypto Wallets & Online Banking And here’s the kicker— 𝐭𝐡𝐞𝐲 𝐝𝐨𝐧’𝐭 𝐞𝐯𝐞𝐧 𝐧𝐞𝐞𝐝 𝐚 ?...

📉 The Biggest Crashes in Indian Stock Market History The Indian stock market has witnessed several historic crashes over the years, each caused by different factors—from scams and global crises to political surprises. These downturns have shaped investor behavior, regulatory policies, and market resilience. Let’s take a look at the biggest market crashes in India, including the recent worst 5-month losing streak in 29 years! 🚨 1. Harshad Mehta Scam (1992) – The Big Bang Crash 📅 Timeline: April 1992 📉 Sensex Drop: 50% in a year 💣 Cause: Stock market manipulation by Harshad Mehta using fraudulent bank receipts 🔎 Impact: SEBI strengthened stock market regulations The scam created an artificial bull run before crashing the market. This event led to major reforms in the banking and stock market system. 🌏   2. Asian Financial Crisis (1997) – Ripple Effect 📅 Timeline: July 1997 - January 1998 📉 Sensex Drop: ~40% 💣 Cause: Collapse of Asian economies (Thailan...

𝑲𝒆𝒚 𝑯𝒊𝒈𝒉𝒍𝒊𝒈𝒉𝒕𝒔 𝒐𝒇 𝑮𝒖𝒋𝒂𝒓𝒂𝒕 𝑩𝒖𝒅𝒈𝒆𝒕 2025-26 💡 𝐄𝐜𝐨𝐧𝐨𝐦𝐲 𝐚𝐧𝐝 𝐆𝐫𝐨𝐰𝐭𝐡: Gujarat contributes 8.3% to India’s GDP and aims to increase it to over 10% by 2030. A "Viksit Gujarat Fund" of ₹50,000 crore is planned over the next five years, with ₹5,000 crore allocated this year. 🏠 𝐒𝐨𝐜𝐢𝐚𝐥 𝐖𝐞𝐥𝐟𝐚𝐫𝐞: Housing support for the poor increased to ₹1.7 lakh under PM Awas Yojana and other schemes. Free food grains continue for 75 lakh families under PM Garib Kalyan Anna Yojana. Nutrition schemes receive ₹8,200 crore (21% increase). 🎓 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐘𝐨𝐮𝐭𝐡: ₹4,827 crore allocated for scholarships. ITI upgradation with ₹450 crore to train 5 lakh trainees. AI labs to be established at L.D. Engineering College and six other institutes. New Samras Hostels to accommodate 13,000 students. 💼 𝐄𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐌𝐒𝐌𝐄𝐬: MSMEs, textiles, and manufacturing parks expected to create over 5 lakh jobs. ‘Global Capabil...