Yuvraj Tiwari & Co

14/09/2025

📅 Reminder
ITR Due Date: 15th September

Don’t forget to file your Income Tax Return before the deadline to avoid penalties and interest.

✅ Mark your calendar and complete it today!

15/08/2025

Happy Independence Day 2025

14/08/2025

Which ITR Form to Choose for AY 2025-26? – A Simplified Comparison


ITR-1 (Sahaj)
For whom?
· Individual residents (other than not ordinarily resident) with:
· Income from Salary or Pension
· Income from One House Property (excluding brought forward loss)
· Income from Other Sources (excluding lottery, racehorses, etc.)
· Total Income up to ₹50 lakhs
Not applicable if:
· You have capital gains
· You have income from business or profession
· You are a director in a company or have unlisted equity shares
· You have foreign assets or foreign income
ITR-2
For whom?
Individuals and HUFs not having income from business or profession.
Includes:
· Salary,
· House Property,
· Other Sources
· Capital Gains
· Foreign assets/income Income as a partner in a firm
· Agricultural Income> ₹ 5,000


Not applicable if:
· You have income from business or profession under any head.
Ideal for salaried individuals with capital gains or multiple properties.
ITR-3
For whom?
Individuals and HUFs having income from business or profession, including:
· Proprietorship income
· Freelancers/Consultants
· Income as a partner in a firm (including remuneration)
· Presumptive income under 44AD/44ADA/44AE (if not using ITR-4)
· Comprehensive form for business owners and professionals.

TR-4 (Sugam)
For whom?
Individuals, HUFs and Firms (other than LLPs) opting for presumptive taxation under:
· Section 44AD (Small Businesses)
· Section 44ADA (Professionals)
· Section 44AE (Goods Carriage Operators)
Conditions:
Total income ≤ ₹50 lakhs (Professionals) / ₹2 crores (Business)
· No capital gains or foreign assets
· Resident only
· Not a director or shareholder in unlisted company
For small businesses and professionals under presumptive scheme.
ITR-5

For whom?
Applicable to:
· Firms
· LLPs
· Association of Persons (AOPs)
· Body of Individuals (BOIs)
· Estate of deceased
· Business trusts and investment funds
For entities not covered under ITR-7 (Trusts) or ITR-6 (Companies).

ITR-6
For whom?
Companies other than those claiming exemption under Section 11 (charitable or religious trusts).
All taxable companies must file ITR-6.


ITR-7
For whom?

Persons including companies who are required to file return under:
· Section 139(4A): Charitable/religious trusts
· Section 139(4B): Political parties
· Section 139(4C): Research institutions, News agencies, etc.
· Section 139(4D): Universities, colleges, and educational institutions
Used primarily by trusts and institutions claiming exemption.

26/01/2025

Happy Republic Day 2025!

Let’s take a moment to salute the architects of our Constitution who gave us the foundation of a great democracy. Wishing you a very Happy Republic Day.

26/01/2025

Let’s take a moment to salute the architects of our Constitution who gave us the foundation of a great democracy. Wishing you a very Happy Republic Day.

25/01/2025

Direct Tax Code (DTC)
🌟 A New Era in Taxation Awaits India! 🌟
With the Modi government and Finance Minister Nirmala Sitharaman at the helm, India is expected to witness a historic tax reform: the introduction of the Direct Tax Code (DTC).
The DTC aims to simplify India's intricate tax structure by:
✅ Streamlining processes
✅ Reducing compliance burdens
✅ Improving transparency
Key highlights:
• A significant reduction in chapters and sections of the Income Tax Act, 1961.
• Simplified residence rules and tax structures for individuals and businesses.
• Enhanced clarity on financial vs. assessment years.
• Fewer disputes and improved compliance.
This overhaul is a big step toward making taxation user-friendly, boosting economic growth, and aligning with the global standards.
As India prepares for this transformative change, taxpayers can expect a system that is clear, fair, and easier to navigate. 💼✨

25/01/2025

Driving AI Leadership: A Call for Robust Investments in Budget 2025
Artificial Intelligence (AI) is no longer just an emerging trend; it's a cornerstone of global innovation and economic transformation. The recent announcement of a $500 billion AI infrastructure investment by the US, spearheaded by industry giants like OpenAI, SoftBank, and Oracle, underscores the scale of commitment needed to stay competitive in this rapidly evolving landscape.
As we approach Budget 2025, India stands at a pivotal juncture. With the government focusing on sustainability, inclusivity, and innovation, this budget could set the stage for India to emerge as a global leader in AI. Here’s why we need to act:
Scaling Infrastructure: Like the US "Project Stargate," India must prioritize building advanced AI data centres and R&D hubs to support next-gen technologies.
Fostering Innovation: Increased funding for AI startups, research programs, and skill-building initiatives under schemes like PMKVY can unlock immense potential.
Public-Private Synergy: Collaborating with industry leaders to develop scalable solutions in sectors like healthcare, education, and renewable energy can drive inclusive growth.
AI isn’t just a technological advancement—it’s a strategic asset. Budget 2025 has the potential to not only define India’s AI roadmap but also reinforce its position as a leader in sustainable, inclusive, and innovation-driven growth.
Let’s ensure we don’t just keep up with the global AI race but lead it!

17/07/2023

05/07/2023

At YTCO, you can learn to be a game changer and craft your career into new heights. Unleash your skill and spirit by bringing your ideas to life. We audit mid-size firm, along with our high-performing businesses will provide you with countless opportunities to develop your skills and explore new paths. Your career at YTCO will contribute to a more sustainable future, while you grow within our vibrant, diverse culture of trust and belonging. If you're up for challenging the status quo, join our team of pioneers and make your mark on the future with us.

Responsibilities
Statutory Audit, Direct Tax and Indirect Tax compliances, book keeping

Qualifications
CA-Inter Both Group or First Group

11/04/2023

*Cost Inflation Index (CII)* for *FY 2023-24* for computing Indexed Cost of Acquisition for determining Taxable Amount of LTCG notified as *348.*
Compared to the preceding *CII 331 for FY 2022-23*, this represents an *increase of 5.14%*.

28/03/2023

SEBI has extended Nomination declaration date for Demat and Trading Accounts from 31st March 2023 to 30th September, 2023.

28/03/2023

In order to provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to 30th June, 2023