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CA INTER STUDENT

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🚨 *Budget Analysis* *All Income Tax Changes* ➡️STT increased on futures & options 🔸Futures - 0.02% to 0.05% 🔸Option premiums - 0.10% to 0.15% 🔸Option exercise - 0.125% to 0.15%. ➡️ITR filing timelines staggered 🔸ITR-1 & ITR-2: 31 July 🔸Non-audit business / trusts: 31 August ➡️Revised return deadline extended up to 31 March ➡️MAT to become final tax from 1 April 2026 🔸Rate reduced from 15% → 14% 🔸Existing MAT credit allowed in limited manner ➡️MAT credit usable only under new tax regime ➡️MAT exemption for non-residents taxed on presumptive basis ➡️Buyback taxation shifted to Capital Gains for all shareholders 🔸Additional tax for promoters (22% corporate / 30% non-corporate) ➡️One-time 6-month foreign asset disclosure scheme: 🔸Category A (undisclosed income/asset ≤ ₹1 Cr): ✅Pay 30% tax + 30% additional tax → immunity prosecution 🔸Category B (asset disclosed but not reported ≤ ₹5 Cr = Pay ₹1 lakh fee → full immunity ➡️MACT interest fully tax-exempt; no TDS ➡️TCS on overseas tour reduced to 2% (from 5%) ➡️TCS - LRS for education & medical reduced to 2% ➡️TCS on liquor, scrap, minerals & tendu leaves reduced to 2% ➡️Manpower services (as contractor → TDS @ 1% / 2% ➡️No TAN for TDS on NRI property purchase ➡️Single combined order for assessment + penalty ➡️No interest on penalty amount during appeal ➡️Pre-deposit reduced from 20% to 10% ➡️Updated return allowed even after reassessment, with extra 10% tax ➡️Immunity framework extended to misreporting (with 100% additional tax) ➡️Decriminalisation of minor offences (books not produced, TDS in kind, etc.) ➡️Max imprisonment reduced to 2 years, courts can levy fine instead ➡️Retrospective immunity for small undisclosed foreign assets (< ₹20 lakh) ➡️Tax holiday till 2047 for foreign cloud companies ➡️Automated lower / nil TDS certificate for small taxpayers ➡️15G / 15H submitted once for multiple companies ➡️Deduction extended to cattle feed & cotton seed ➡️Inter-cooperative dividends deductible if passed to members ➡️3-year dividend exemption for notified national cooperative federations ➡️Safe harbour 15% for related-party data centre services ➡️2% profit margin safe harbour for bonded warehouse component storage ➡️5-year tax exemption for non-residents supplying tools to toll manufacturers ➡️5-year exemption on foreign income of non-resident experts
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Budget 2026 - Key Features.pdf
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budget_speech.docx
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https://youtube.com/shorts/KkIph4rQI_Y?si=wbS3q4a40rLgq3QB
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https://youtube.com/shorts/KkIph4rQI_Y?si=rT3WSl0DT0MV_wRi
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📌 IMPORTANT ANNOUNCEMENT ✅ FOR CA INTER STUDENTS JAN 26 🌀Join our group 💐👇🏻 @CA_inter_topper_notes {Channel Link} @CA_In
📌 IMPORTANT ANNOUNCEMENT ✅ FOR CA INTER STUDENTS JAN 26 🌀Join our group 💐👇🏻 @CA_inter_topper_notes {Channel Link} @CA_Inter_Topper {Discussion Group}
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Whenever worried! It’s better to document. Write it down what all you can do today. This will show you a path. Keep you focused. Sometimes thinking of managing too many things. We end up doing nothing. So better plan your day properly. And start achieving the targets one by one. That shall make you feel good. Ghabrana nahi hai. Karke dikhana hai ❤️ Chak de phatte 🙌 Khushi se padhenge, Tabhi aage badhenge!!
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CA Inter Audit-How to Prepare in 1.5 Days Priority wise Topics 11th Sept 1. Nature of Audit 2. Ethics 3. Audit of Financial Statement (1st Time ) 4. Audit of Different Entities (1st Time) 12th Sept 1. Bank Audit 2. Audit Evidence 3. Risk Assessment 4. Audit Documentation 5. Completion & Review 6. Others such as Govt Audit 13th Sept 1. Audit Report & CARO 2. Audit of Financial Statement (2nd Time ) 3. Audit of Different Entities (2nd Time)
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Lo ji Top 50 questions for evening marathon See you all in the morning 9;30 AM - Concept marathon with all adjustment & assumptions - https://www.youtube.com/live/E0_IfU4hex0?si=35zQ6u-D4H_R4kJT
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*Super 50 Sections- Law CA INTER SEP-25* 1. Sec 2 – 2(16), 2(40), 2(52), 2(57), 2(60), 2(68), 2(71), 2(76), 2(85), 2(87) 2. Sec 7 – Incorporation of Company 3. Sec 8 – Formation of Co. with charitable objects 4. Sec 13 – Alteration of MOA 5. Sec 16 – Rectification of name of company 6. Sec 19 – Subsidiary Co not to hold shares in its holding Co 7. Sec 20 – Service of Documents 8. Sec 26 – Matters to be stated in prospectus 9. Sec 31 – Shelf Prospectus 10. Sec 33 – Issue of application forms for securities 11. Sec 34 – Criminal Liability 12. Sec 35 – Civil Liability 13. Sec 42 – Offer or Invitation for subscription of securities on private placement 14. Sec 52 – Application of premiums received on issue of shares 15. Sec 54 – Issue of sweat equity shares 16. Sec 61 – Power of limited co to alter its share capital 17. Sec 62 – Further Issue of share capital 18. Sec 63 – Issue of bonus shares 19. Sec 66 – Reduction in share capital 20. Sec 68 – Buyback 21. Sec 71 – Debentures 22. Sec 73 – Prohibition on acceptance of deposits from public 23. Sec 74 – Repayment of Deposits, etc accepted before commencement of this Act 24. Sec 77 – Duty to register charges, etc 25. Sec 83 – Power of Registrar to make entries of Satisfaction & Release in absence of Intimation from company 26. Sec 88 – Register of Members 27. Sec 92 – Annual Return 28. Sec 96 – Annual General Meeting 29. Sec 100 – Calling of extra ordinary general meeting 30. Sec 101 – Notice of Meeting 31. Sec 103 – Quorum for Meetings 32. Sec 105 – Proxies 33. Sec 114 – Ordinary and special Resolutions 34. Sec 118 – Minutes of Meetings 35. Sec 123 – Declaration of Dividend 36. Sec 124 – Unpaid Dividend Account 37. Sec 127 – Punishment for failure to distribute dividend 38. Sec 128 – Books of Accounts, etc to be kept by co 39. Sec 130 – Re-Opening of Accounts on Court's or Tribunal's Order 40. Sec 131 – Voluntary Revision of Financial Statements or Board Report (after Tribunal's Order) 41. Sec 134 – Financial Statements, Board's Report, etc 42. Sec 135 – Corporate Social Responsibility 43. Sec 137 – Copy of Financial Statements to be filed with ROC 44. Sec 138 – Internal Audit 45. Sec 139 – Appointment of Auditors 46. Sec 140 – Removal, Resignation of auditor and giving of special notice 47. Sec 141 – Eligibility, qualifications, disqualifications of auditors 48. Sec 144 – Auditor not to render certain services 49. Sec 381 – Accounts of Foreign Company 50. Sec 389 – Registration of Prospectus
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📘 “A CA is not made in one day, but every single day of effort makes a CA.” 📘 “The syllabus may look like a mountain, but remember — mountains bow down to those who climb.” 📘 “CA doesn’t test your intelligence, it tests your consistency and patience.” 📘 “Every sleepless night, every page revised, every question solved — is an investment in your CA dream.” 📘 “One day, the prefix ‘CA’ before your name will make all the struggles worth it.” 📘 “CA is tough, but so are you. Don’t let fear become bigger than your efforts.” 📘 “Remember, you are not just writing an exam — you are writing your future.” All the best for tomorrow 🎀
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