ITR Mistakes That Can Cost You 200% Penalty | Must Watch for Business Owners скачать в хорошем качестве

ITR Mistakes That Can Cost You 200% Penalty | Must Watch for Business Owners

ITR Mistakes That Can Cost You 200% Penalty | Must Watch for Business Owners If you run a business and file income tax returns, this video is essential for you! Drawing on over 10 years of experience, we discuss the common mistakes business owners make during ITR filing that often trigger large income tax notices and how you can avoid them. In this video, we cover: • Income vs Investment Mismatch: Why reporting a low net profit (like 8% under Section 44AD) while making large investments in FDs, cars, or mutual funds is a major red flag for the system. Remember the formula: Income must be ≥ Expenses + Investments. • TDS Compliance Failures: Forgetting to deduct TDS or filing returns late can lead to 30% of your expenses being disallowed, causing you to pay extra tax plus interest and penalties. • Cash Transaction Errors: Why your cash book must never be negative and the legal limits for cash loans (under ₹20,000) and business expenses (often ₹10,000–₹20,000 per day). • Turnover Mismatch: The dangers of reporting different turnover figures in GST vs Income Tax returns, which can lead to scrutiny from both departments. • Startup Fund Raising & Valuation: If you are raising funds at a premium, you must have a valuation report from a registered valuer to avoid a 30% tax on that premium. • Stock Valuation Pitfalls: How devaluing or inflating stock to manipulate profits or secure loans can lead to physical inspections and trouble with GST and Income Tax officials. Don't risk penalties ranging from 30% to 200% due to misreporting. Watch this video end-to-end to ensure your business remains compliant and protected. Enjoyed the video? 👍 Like this video to help other entrepreneurs. 📢 Share it with your business circle and startup friends. 🔔 Subscribe to the channel for more expert insights on tax and finance. 🚨 Business Owner ho aur ITR file karte ho? Ye video MISS mat karna! Ek choti si galti aur Income Tax Notice + Heavy Penalty (30%–200%) pakka ⚠️ Aaj hum baat karenge Common ITR Mistakes jo 90% businessmen unknowingly kar dete hain — aur fir unke paas aata hai Income Tax Notice, Scrutiny aur Penalties. 👉 Agar aap business, freelancing ya startup run karte ho, ye video aapke liye MUST WATCH hai. 📌 Is Video Mein Kya Seekhenge? ✔️ ITR filing me common mistakes for business owners ✔️ Income & Expense mismatch ka risk (Notice Trigger) ✔️ Section 44AD / 44ADA (6% / 8% rule) ka sahi use ✔️ TDS compliance mistakes (Section 194J, Freelancer payments) ✔️ 30% expense disallowance ka shock ⚠️ ✔️ Cash transaction rules (₹10,000 / ₹20,000 limits) ✔️ Negative cash book ka danger ✔️ GST vs ITR turnover mismatch ka impact ✔️ Startup funding & share premium tax trap ✔️ Valuation report (FMV) kyun zaroori hai ✔️ Stock valuation mismatch aur scrutiny risk ⚠️ Sabse Dangerous Mistakes Jo Log Karte Hain ❌ Income kam dikhana but investments zyada karna ❌ TDS deduct na karna ya return late file karna ❌ Cash me illegal transactions karna ❌ GST aur ITR turnover mismatch ❌ Share premium pe valuation report na lena ❌ Stock ko manipulate karna (profit kam ya zyada dikhane ke liye) 👉 Result? Income Tax Notice, Penalty aur Scrutiny 🧠 Golden Rule (Yaad Rakho) 👉 Income ≥ Expenses + Investments Contact us ---- Whatsapp @ wa.me/919836518066 Email @ mailto:cachetanirajat@gmail.com Follow us on ---- Linkedin -   / ca-harshitajain   Facebook -   / carajatchetani   Instagram -   / carajatchetani   Youtube -    / carajatchetani   Linkedin -   / ca-rajat-chetani-885256a4   Google - https://g.page/r/CYDDMt5XyftfEBE/review 00:00 – Intro: Business Owners ke liye Important Warning ⚠️ 00:39 – Common ITR Mistakes in Business (Overview) 00:48 – Section 44AD / 44ADA Explained 01:20 – Real Example (₹1 Cr Turnover Case) 02:14 – Income Mismatch ka Risk & Notice Trigger 02:29 – Golden Rule: Income ≥ Expenses + Investments 02:50 – TDS Compliance Basics 03:10 – Freelancer Payment Example (Section 194J) 03:58 – 30% Expense Disallowance Explained 04:18 – Double Penalty Risk (Income Tax + TDS Dept) 04:48 – Cash Transactions Risk in Business 05:20 – Cash Book Negative Issue 05:49 – Cash Loan Limit ₹20,000 (Section 269SS) 06:30 – Cash Expenses Limit (₹10,000 / ₹20,000 Rule) 07:23 – Third Party Verification (Section 133(6)) 08:27 – Turnover Mismatch ka Risk 08:34 – GST vs ITR Example (₹50L vs ₹55L) 08:58 – Double Department Trouble 09:09 – Fundraising & Valuation Issue 09:25 – Share Premium Explained 09:45 – Valuation Report Requirement 10:51 – Tax on Share Premium (30% Risk)11:02 – Stock Under/Over Valuation Risk 11:18 – GST vs Income Tax Conflict 11:52 – Department Verification Risk 12:11 – Penalties (30% to 200% Tax Risk) 12:36 – Like, Share & Subscribe CTA