Tushar Desarda & Co.

26/01/2026

🎉 12 Years of Professional Journey 🎉

Today marks 12 years of our journey as a Chartered Accountant firm.
This milestone would not have been possible without the continued trust, confidence, and support of our clients, colleagues, team members, and well-wishers.

We remain committed to ethical practices, professional excellence, and value-driven advisory, just as we have always believed.
Your trust motivates us to keep improving and serving with integrity.

🙏 Thank you for being part of this journey.
We look forward to your continued support in the years ahead.

22/08/2025

Income Tax Return filing last date – 15th September! File on time, avoid penalties & ensure smooth refunds. ✅
CA Tushar Desarda CA Suchita Chopada Desarda

23/03/2023

List of compliances under GST & IT at year end
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List of things to take care while finalizing books of FY 22-23

26/01/2022

Completed 8 years of Office
Thank you Friends and Family for your support

15/05/2020

FINANCE MINISTER UPDATES FOR 15-05-2020

1. FM Live purchases worth more than Rs 74,300 crore through MSP during the lockdown, The minimum support price ( MSP ) is an agricultural product price set by the government of India to purchase directly from the farmer.

2. Govt has come up with a Rs 10,000 crore scheme for the formalisation of Micro food enterprises (MFEs)

3. Pradhan mantri Matsya Sampada Yojana to employ 55 lakh people, double India's exports to Rs 1 lakh crore – FM

4. Rs 20,000 crore package announced for 70 lakh tonnes of additional fish production in the next five years under Matsya Sampada Yojana

5. The finance minister said that the government will set up a Rs 10,000 crore micro fund to help branding and promotion of health foods produced across India. This will be a cluster-based approach in order to accommodate specialities of various states' produce, for example Kashmir can focus funds on Saffron, Telangana can empower turmeric farmers, while Bihar can focus on lotus seeds (Makhana). Around 2 lakh MSMEs are expected to benefit from the move. The finance minister also said that additional focus will be laid on promoting women, SCs and STs involved in cultivation of these items.

6. Govt ensures 100 percent vaccination for foot and mouth disease of animals to help milk related producers and animals. Govt to spend Rs 13343 crore for this.

7. An Animal Husbandry infrastructure development fund of Rs 15,000 crore will be set up

8. Rs 15,000 crore to be spent for dairy infrastructure by the government. Private investment also allowed in dairy infrastructure development fund.

9. Kashmir’s kesar, Bihar’s makhana, Karnataka’s ragi, Andhra’s chillies to be taken across the seven seas - FM

10.Promotion of herbal cultivation gets Rs 4,000 crore. 2.25 lakh hectare area under promotion of herbal plants to be increased to 10 lakh hectare in the next two years, giving Rs 5,000 crore more earnings to the related farmers. - FM Sitharaman

11.Government allocates Rs 500 crore for bee keeping, benefiting 2 lakh bee keepers in the rural areas. The move is likely to lift rural economy - FM Sitharaman

12.National Medicinal Plants Board will bring 800-hectare area by developing a corridor of medicinal plants along the banks of river Ganga: FM



13.Government to bring central law for farmers to make them able to sell their produce across the states in the country. Farmers can sell their produce at attractive prices by e-trading to even those who do not have licenses.

14.Central law for farmers to have a choice to sell the produce at an attractive price; no barriers in inter-state trade, which at the moment is restricted. Also, a framework for e-trading of agricultural produce

15.Rs 500 cr provision to repair broken supply chains. This scheme will have 50% subsidy on transportation from surplus to deficient markets; 50% subsidy on storage, including cold storages.

16.Right now, farmers are bound to sell agricultural products only to licensees in APMCs. Such restriction of sale is not there for any industrial produce. This restriction results in hindrance in the free flow of agricultural produce. It also results in less price realisation for farmers. - FM Sitharaman

01/02/2019

HIGHLIGHTS OF BUDGET 2019

*Tax*
1. Within 2 years, Tax assessment will be done electronically
2. IT returns processing in just 24 hours
3. Minimum 14% revenue of GST to states by Central Govt.
4. Custom duty has abolished from 36 Capital Goods
5. Recommendations to GST council for reducing GST rates for home buyers
6. *Full Tax rebate upto 5 lakh annual income after all deductions.*
7. Standard deduction has increase from 40000 to 50000
8. Exempt on tax on second self-occupied house
9. Ceiling Limit of TDS u/s 194A has increased from 10000 to 40000
10. Ceiling Limit of TDS u/s 194I has increased from 180000 to 240000
11. Capital tax Benefit u/s 54 has increased from investment in one residential house to two residential houses.
12. Benefit u/s 80IB has increased to one more year i.e. 2020
13. Benefit has given to unsold inventory has increased to one year to two years.
*Other Areas*
14. State share has increased to 42%
15. PCA restriction has abolished from 3 major banks
16. 2 lakhs seats will increase for the reservation of 10%
17. 60000 crores for manrega
18. 1.7 Lakh crore to ensure food for all
19. 22nd AIIMS has to be opened in Haryana
20. Approval has to be given to PM Kisan Yojana
21. Rs. 6000 per annum has to be given to every farmer having upto 2 hectare land. Applicable from Sept 2018. Amount will be transferred in 3 installments
22. National kamdhenu ayog for cows. Rs. 750 crores for National Gokul Mission
23. 2% interest subvention for farmers pursuing animal husbandry and also create separate department for fisheries.
24. 2% interest subvention for farmers affected by natural calamities and additional 3% interest subvention for timely payment.
25. Tax free Gratuity limit increase to 20 Lakhs from 10 Lakhs
26. Bonus will be applicable for workers earning 21000 monthly
27. The scheme, called Pradhan Mantri Shram Yogi Mandhan, will provide assured monthly pension of Rs. 3,000 with contribution of Rs. 100 per month for workers in unorganized sector after 60 years of age.
28. Our government delivered 6 crores free LPG connections under Ujjawala scheme
29. 2% interest relief for MSME GST registered person
30. 26 weeks of Maternity Leaves to empower the women
31. More than 3 Lakhs crores for defence
32. One lakh digital villages in next 5 years
33. Single window for approval of India film makers

01/02/2019

19/12/2016

*Press Release*
Ministry of Finance
19-Dec-2016

Government decides to reduce the existing rate of deemed profit under section 44AD of the Income Tax Act in respect of amounts/receipts through banking channel/digital means

Under the existing provisions of section 44AD of the Income-tax Act, 1961 (the Act), in case of certain assesses (i.e. an individual, HUF or a partnership firm other than LLP) carrying on any business (other than transportation, agency, brokerage and commission) and having a turnover of Rupees Two Crore or less, the profit is deemed to be 8% of the total turnover.

In order to achieve the Government’s mission of moving towards a less cash economy and to incentivise small traders / businesses to proactively accept payments by digital means, it has been decided to reduce the existing rate of deemed profit of 8% under section 44AD of the Act to 6% in respect of the amount of total turnover or gross receipts received through banking channel / digital means for the financial year 2016-17. However, the existing rate of deemed profit of 8% referred to in section 44AD of the Act, shall continue to apply in respect of total turnover or gross receipts received in cash.

Legislative amendment in this regard shall be carried out through the Finance Bill, 2017.