My CA Channel

My CA Channel This page is to share the and update general public on Taxation and Finance matters of India,namely I CA - CPT , IPCC & FINAL CLASSES

18/06/2026

Missed Income in AIS/TIS? ⚠️🧾 – Don’t Risk Penalties!

Failing to include income reflected in your AIS (Annual Information Statement) or TIS (Tax Information Summary) while filing your ITR can lead to serious consequences, including notices from the Income Tax Department, interest, and penalties. This video explains the risks of ignoring such income, how discrepancies are detected, and practical tips to ensure accurate reporting. Staying compliant with AIS/TIS data helps avoid scrutiny and keeps your tax filings smooth and error-free.

17/06/2026

Tax Audit for Businesses 📊🧾 – Is Your Business Liable?

Understanding the applicability of tax audit is essential for every business. This video explains who is required to get their accounts audited under the Income Tax Act, the turnover and threshold limits, and the importance of compliance to avoid penalties. Clear knowledge of tax audit requirements helps businesses maintain accurate records, ensure proper reporting, and stay on the right side of the law.

16/06/2026

Closing Stock Valuation 📦💰 – The Backbone of Accurate Profit!

Accurate closing stock valuation is critical for determining the true profit of your business. It directly impacts your financial statements, tax computation, and overall decision-making. In this video, we explain why proper valuation of closing stock matters, the common methods used, and the consequences of misvaluation. Understanding this ensures compliance, precise reporting, and better insights into your business performance.

15/06/2026

Accounts Depreciation 💼 vs Tax Depreciation 💰 – Know the Difference!

Depreciation in financial accounts often differs from the depreciation allowed under income tax laws, and understanding this distinction is crucial for accurate accounting and tax compliance. In this reel, we explain the key differences between accounts depreciation and tax depreciation, how each is calculated, and why the figures in your books may not match the tax deduction. A clear grasp of this concept helps businesses plan better, avoid disallowances, and maintain correct financial records.

14/06/2026

Bank Loan Interest: Fully Deductible or Not?

Can a business claim the full bank loan interest as an expense while computing taxable income? This reel explains the basic principles governing deduction of interest on business loans, how it is treated under income tax provisions, and important conditions that determine eligibility of the claim.

A clear understanding of this concept is essential for correct profit calculation, tax compliance, and avoiding disallowances during assessment.

TCS refund
13/06/2026

TCS refund

13/06/2026

Expense Claim on Credit: Is Payment Mandatory?

Can an expense be claimed in your books or under income tax provisions even if the payment is still pending? This reel explains the basic accounting and tax perspective on recognition of expenses, accrual concept, and important compliance considerations businesses must keep in mind while booking expenses on credit.

12/06/2026

ED Comes? Know Your Rights!

This video explains the legal rights of individuals and businesses when the Enforcement Directorate (ED) conducts an investigation or raid. Viewers will learn what documents ED can request, what they can and cannot do during a visit, and the steps you should take to protect yourself and your business. The video also covers practical tips on maintaining compliance, handling notices, and understanding your legal safeguards under Indian law.

Whether you are a business owner, professional, or taxpayer, this video provides essential guidance to navigate ED inquiries confidently and safely.

Income Vs Tax
12/06/2026

Income Vs Tax

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