Legit Newel - Amol Shirode

11/07/2026

09/07/2026

💡 TAX TIP OF THE WEEK

Section 80D Health Insurance Premium Deduction

Health insurance not only protects your family but can also reduce your income tax liability under the Old Tax Regime.

Key Highlights•
Up to ₹25,000 deduction for self, spouse and children
(₹50,000 for senior citizens). • Additional deduction for parents up to ₹25,000 (₹50,000 if they are senior citizens).
Maximum deduction can reach ₹1,00,000 in eligible cases.
• Keep premium receipts and policy documents for your records.

Follow Legit Newel for practical tax tips, compliance updates and professional insights.

Amol Shirode • Legit Newel • Info Only Not Advice

07/07/2026

https://whatsapp.com/channel/0029VaJlN5nEawdxggS7Fj33/200

💡 INSIGHTS WE KNOW?

📬 Income Tax Notice?
Most Notices Are Preventable.
If Your Return Is Properly Reviewed.
Many taxpayers believe an Income Tax Notice means they have committed tax evasion.
Not necessarily.
Most notices are issued due to:
✅ AIS & Form 26AS mismatches
✅ Unreported bank interest or other income
✅ Omission of capital gains
✅ High-value financial transactions
✅ Incomplete or incorrect disclosures in the Income Tax Return

🎯 Takeaway
A well-prepared Income Tax Return is more than a compliance form—it's your first line of defence against avoidable notices.

📌 Review Before You File.
Not After You Receive a Notice.

⚖️ Timely disclosure, accurate reporting and professional review can save unnecessary explanations later.

Amol Shirode | Legit Newel
Info Only• Not Professional Advice.
ITR TaxCompliance FinancialAwareness LegitN

03/07/2026

🩸 DONATE BLOOD. GIVE HOPE. SAVE LIVES. ❤️

A single blood donation can save up to 3 lives. For children living with Thalassemia, regular blood transfusions are not a choice—they are a lifeline.

Join the Blood Donation Drive organized by Rotary Club of Dombivli East in association with Treksh*tiz Sanstha & Rotaract Club of Dombivli East to support the Thalassemia Day Care Centre at Aashray Hospital.

📅 Sunday, 5th July 2026
🕗 8:00 AM to 3:00 PM
📍 Rotary Bhavan, Near Pendharkar College, MIDC, Dombivli East

✅ Before You Donate: • Be well rested 😴
• Drink plenty of water 💧
• Eat a healthy meal 🍎
• Be feeling healthy 😊
• Avoid alcohol 🍷❌
• Avoid strenuous activity before donation

❤️ Your 15 minutes can become someone's lifetime.

Please donate and encourage your family, friends, and colleagues to participate in this noble cause.

📞 Donor Registration:
Rtn. Ashok Tiruvaskar – 8850694030

🩸 Be a Hero. Donate Blood.
Give Hope. Save Lives. 🩸

Rtn Amol Shirode
9867932787

29/03/2026

GST UPDATES | Case Law Flash
SCN ON PORTAL WITHOUT PHYSICAL SERVICE =
NATURAL JUSTICE VIOLATED

HEADING
GST Updates | Portal Upload of SCN Without Physical Service Violates Natural Justice, Delhi HC

BRIEF OF JUDGEMENT
Delhi High Court in Ramaelectrical Co. v. Union of India [2026] 182 taxmann 780 (Delhi), dated 06-01-2026, held that uploading a Show Cause Notice on the GST portal without physical service and without specific intimation of hearing violates the principles of natural justice under Section 75 read with Section 169 of the CGST Act, 2017. The demand order of Rs. 2.55 lakhs for FY 2017-18 was set aside and the matter was remanded for fresh hearing. Decision in favour of assessee.


Amol Shirode, Tax Consultant | GST | Income Tax | Corporate Advisory

24/03/2026

https://www.linkedin.com/posts/amolshirode_ai-artificialintelligence-taxpractice-share-7442163760057745408-Ml4E?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAABCnKcEB5icBZYne2j7Y3gIFQbvPcLs9o-M

Glad to share that I have completed learning certification in Artificial Intelligence and Digital Tools for Professional Practice. In today’s changing professional environment, upgrading knowledge is equally important in Technology, Automation, and Data Tools, along with Income Tax, GST, and Compl...

16/03/2026

👉 Cash Deposit Alert! Why IT Department Notices Big Deposits 💰⚠️

14/03/2026

GST Updates 05/2026
Telangana High Court held that parallel GST proceedings by Central and State authorities are not permissible.
Where State GST already adjudicated demand and appeal is pending, Central GST must keep show cause notice in abeyance.
Proceedings by Central authority can continue only after State appeal is decided.
Important ruling for cases involving dual proceedings under GST.
Amol Shirode, Tax Consultant