Aaqib Nazeer & Associates Chartered Accountants

01/02/2026

07/08/2025

Top Indian Companies & Their % Revenue from USA:

→ Tata Motors – 15.41%
→ Ipca Labs – 17.83%
→ Divi’s Lab – 18.25%
→ Ajanta Pharma – 19.55%
→ Sundram Fasteners – 22.36%
→ Sun Pharma – 33.26%
→ LT Foods – 38.53%
→ Biocon – 43.75%
→ Aurobindo Pharma – 45.3%
→ Dr. Reddy’s Lab – 48.56%
→ Tech Mahindra – 50.8%
→ Marksans Pharma – 51.86%
→ Coforge – 56.0%
→ Wipro – 62.68%
→ HCL Tech – 65.5%
→ Zensar Tech – 67.3%
→ Avanti Feeds – 69.0%
→ Natco Pharma – 70.49%
→ eClerx Services – 76.0%
→ Granules India – 77.0%
→ Mphasis – 81.43%
→ Birlasoft – 85.7%
→ Sagility India – 100% 👀

⚠️ Why it matters:
Many of these companies rely heavily on the US market. A slowdown, tariff hike, or policy change in the US could severely impact.

04/08/2025

Govt has lowered Income Tax
on Corporate Sector
by ₹1 Lakh Crore
— and recoups this by forcing Poorest 2/3rds of India pay for this
— through GST.

27/07/2025

🧾 Salaried Employees & Income Tax Refunds – A Harsh Reality!

🚫 More than 95% of salaried ITRs are NOT eligible for refunds

💬 One user rightly points out — most salaried individuals actually owe tax due to additional incomes like: 👉 Bank Interest
👉 Capital gains from Shares
👉 Other sources of income

📉 Refunds are now rare unless TDS is over-deducted or proper tax planning is done.

25/07/2025

📢 Important Update Regarding Income Tax Rectification Requests

Many taxpayers have recently received an email from the Income Tax Department titled "Transfer of Rectification Rights to the Jurisdictional Assessing Officer (JAO)".

🔹 Please note that this is not a notice, but simply an informational communication.

🔹 It indicates that the Centralized Processing Center (CPC) has transferred the authority to handle your rectification request to your Jurisdictional Assessing Officer.

🔹 This step is generally taken when CPC is unable to process the rectification accurately, and hence, human intervention is required.

🔹 You can now approach your AO directly for rectification of your Income Tax Return (ITR) for the relevant assessment year.

🔹 The communication includes details of your JAO like email ID, ward, and office address.

💡 If you’ve received such an email, there's no cause for concern. It's just an update from the department informing you where to route your rectification request going forward.

Feel free to reach out for guidance on how to proceed with the rectification before the AO.

15/07/2025

Claimed Fake Income Tax Refund?
Better to file the updated Return and disclose actual Income before you are furnished a notice by the Dept