SharpAceconsultancypvtltd

SharpAceconsultancypvtltd Our prime objective is to provide retail financing so as to continuously strive for excellence and to create a very wide distribution network.

24/08/2026

Think your turnover crosses โ‚น1 crore, so tax audit is compulsory? Not always! ๐Ÿ‘€

Tax audit limits can go up to โ‚น10 crores, depending on the nature of your business/profession and specific conditions.

๐Ÿ“Œ 44AD: Up to โ‚น2 Cr
๐Ÿ’ฐ With prescribed cash conditions: Up to โ‚น3 Cr
๐Ÿ‘จโ€๐Ÿ’ผ 44ADA โ€“ Professionals: Up to โ‚น50 Lakhs
๐Ÿ’ณ With the prescribed 5% cash receipt/payment condition: Up to โ‚น75 Lakhs
๐Ÿข Tax Audit: Up to โ‚น10 Cr with applicable conditions

โš ๏ธ Every limit comes with different conditions. So don't assume โ€œโ‚น1 Cr turnover = tax audit.โ€

๐ŸŽฅ Watch the reel to understand the limits and conditions that may apply to you.

๐Ÿ’ฌ Comment โ€œTAX AUDITโ€ and we'll help check your eligibility.

๐Ÿ“ž Sharpace Consultancy โ€” Get your tax matters right.

22/08/2026

โ‚น1 CRORE TURNOVER = TAX AUDIT? NOT ALWAYS! ๐Ÿ‘€

Think crossing โ‚น1 crore turnover automatically means a tax audit? Not necessarily! ๐Ÿšจ

Tax audit applicability depends on your business/profession, presumptive taxation scheme, and prescribed cash transaction conditions.

๐Ÿ“Œ Hereโ€™s the basic breakdown:
๐Ÿ”น โ‚น1 Cr โ€” Normal business
๐Ÿ”น โ‚น2 Cr โ€” Section 44AD
๐Ÿ”น โ‚น3 Cr โ€” 44AD with prescribed cash limits
๐Ÿ”น โ‚น50 Lakh โ€” Professionals / 44ADA
๐Ÿ”น โ‚น75 Lakh โ€” 44ADA with prescribed cash-receipt condition
๐Ÿ”น โ‚น10 Cr โ€” Eligible business with prescribed cash conditions

โš ๏ธ But remember: turnover alone doesn't decide tax audit applicability. Your books, cash receipts/payments, profit declaration and the applicable provisions all matter.

๐ŸŽฅ Watch the reel to understand which limit may apply to you.

Confused about your tax audit requirement?
๐Ÿ“ž Contact Sharpace Consultancy for professional guidance and stay compliant.

17/08/2026

Bro took โ€œwork from anywhereโ€ WAY too seriously. ๐Ÿ’€

No laptop. No keyboard.
Just pure dedication & delusion

Freedom inspires responsibility. Growth inspires us.This Independence Day, letโ€™s celebrate the spirit of India by buildi...
15/08/2026

Freedom inspires responsibility. Growth inspires us.

This Independence Day, letโ€™s celebrate the spirit of India by building a stronger, brighter future together. โœจ

Happy 79th Independence Day! ๐Ÿ‡ฎ๐Ÿ‡ณ

Proud to be Indian. Committed to your growth. โค๏ธ๐Ÿ’š

โ€” Sharpace Consultancy Pvt. Ltd.

14/08/2026

ITR-1 filed with a big refund? Think twice!

Section 10(14) exemption isnโ€™t automatically valid. It generally requires a special allowance from your employer for official duties + proper documentation. ๐Ÿ“„

Missing these? That refund could turn into a tax notice, refund reversal & possible penalty/interest. ๐Ÿ˜ฐ

๐ŸŽฅ Watch the reel to understand the mistake and donโ€™t let your refund become a problem!

๐Ÿ“ž For accurate ITR filing & tax guidance, contact Sharpace Consultancy today.

12/08/2026

A glimpse of LVBโ€™s Rise & Connect โ€“ Mega V2V Conclave 2026!

An evening dedicated to meaningful connections, stronger business relationships, and new opportunities to grow together. ๐Ÿค

From insightful conversations to valuable interactions, Rise & Connect brought together a community driven by collaboration and growth.

Hereโ€™s a glimpse of the moments that made the evening truly special. ๐ŸŒŸ

06/08/2026

Quick questions. Quick answers. Everything you should know about ITR filing in under a minute.

๐ŸŽฅ Watch till the end and see how many you get right!

๐Ÿ“ž For expert tax advice, contact Sharpace Consultancy.

30/07/2026

Saste ke chakkar mein... GST Notice ghar aa gaya! ๐Ÿ˜ญ
Don't let one mistake become an expensive lesson.

28/07/2026

Your spending habits and financial transactions could matter more than you realize.

๐ŸŽฅ In this reel, we explain the important income tax limits and why certain high-value expenses and transactions shouldn't be ignored.

Watch till the end to understand how these rules may affect you and avoid costly mistakes.

๐Ÿ“ž Need help with your ITR or tax planning? Contact Sharpace Consultancy today.

23/07/2026

Made profits from Crypto, Stocks, or F&O? Don't make this ITR mistake!

A small mistake while filing your ITR can lead to notices, penalties, and unnecessary tax troubles.

๐ŸŽฅ Watch this reel to know what you should avoid while reporting your crypto, stock market, and F&O gains.

Don't risk your hard-earned profits. Let the experts at Sharpace Consultancy help you file your ITR accurately.

๐Ÿ“ž Contact us today for hassle-free ITR filing.

Address

510-B 5th Floor Yashkamal Building, Opp MSU Main Building Kalaghoda Main Road, Sayajiganj
Vadodara
390005

Opening Hours

Monday 9:30am - 7pm
Tuesday 9:30am - 7pm
Wednesday 9:30am - 7pm
Thursday 9:30am - 7pm
Friday 9:30am - 7pm
Saturday 9:30am - 7pm

Telephone

+917801878198

Website

Alerts

Be the first to know and let us send you an email when SharpAceconsultancypvtltd posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to SharpAceconsultancypvtltd:

Shortcuts

Share

Category