@TaxBuddy1 TaxBuddy.com

TaxBuddy.com posts on X about capital gains, india, money, investment the most. They currently have [------] followers and [----] posts still getting attention that total [-------] engagements in the last [--] hours.

Engagements: [-------] #

• [--] Week [-------] +1,450%
• [--] Month [-------] -30%
• [--] Months [---------] +8.50%
• [--] Year [---------] +519%

Mentions: [--] #

• [--] Week [--] -36%
• [--] Month [---] +45%
• [--] Months [---] +315%
• [--] Year [-----] +144%

Followers: [------] #

• [--] Week [------] +1.10%
• [--] Month [------] +2.40%
• [--] Months [------] +33%
• [--] Year [------] +53%

CreatorRank: [-------] #

Social Influence

Social category influence finance countries currencies technology brands social networks stocks cryptocurrencies travel destinations automotive brands musicians

Social topic influence capital gains #41, india, money, investment, if you, lakh #559, acquisition, longterm, insurance, retirement

Top assets mentioned Bitcoin (BTC) April (APRIL) Gains (GAINS) Alphabet Inc Class A (GOOGL) Microsoft Corp. (MSFT) Validity (VAL)

Top Social Posts

Top posts by engagements in the last [--] hours

"Income Tax Key dates extended #TaxBuddy #Incometaxupdates2021 #ITR #Extension"
X Link 2021-05-01T11:45Z 18.3K followers, [--] engagements

"Index Fund vs ETF Which One Should You Prefer read more here; #ITRwithTaxBuddy #ITRFiling https://blog.taxbuddy.com/index-fund-vs-etf-which-one-should-you-prefer/ https://blog.taxbuddy.com/index-fund-vs-etf-which-one-should-you-prefer/ https://blog.taxbuddy.com/index-fund-vs-etf-which-one-should-you-prefer/ https://blog.taxbuddy.com/index-fund-vs-etf-which-one-should-you-prefer/"
X Link 2021-08-20T05:53Z 18.3K followers, [--] engagements

"Big news for Indian investors: a new amendment to the Finance Bill [----] is shaking up the debt mutual fund landscape and could cost high net-worth individuals their long-term tax benefits In this post we explore the potential impact on the Indian debt capital market #taxbuddy"
X Link 2023-03-27T13:55Z 18.3K followers, [---] engagements

"Did you know that filing your income tax return is mandatory under certain conditions Watch this video to know under which conditions #ITRFiling is mandatory Visit and file your ITR with early bird discounts Follow TaxBuddy for regular updates. http://taxbuddy.com http://taxbuddy.com"
X Link 2023-06-09T05:59Z 18.1K followers, [----] engagements

"New to Income tax return Filing(ITR Filing)"
X Link 2023-07-06T05:11Z 18.1K followers, [----] engagements

"Missed the Tax Deadline Don't Panic Here's What You Need to Know. If you couldn't file your income tax return on time it's called a 'Belated Return.' But fret not there's still a chance to set things right #BelatedReturn #IncomeTax #TaxFiling #TaxPenalty #TimelyFiling"
X Link 2023-08-06T02:27Z 15.4K followers, [---] engagements

"What's Holding Back the Rupee's Worldwide Fame And what if Rupee gets equal to Dollar Did you know That the Indian Rupee is stronger than the world's 3rd most traded currency Japanese Yen Let us break down the why behind the rupee's global underdog status. #TaxBuddy"
X Link 2023-08-29T05:43Z 15.4K followers, [--] engagements

"Wondering why you received an Income Tax Notice under 139(9) Learn how to navigate through tax notices with confidence and what common mistakes could lead to receiving one in the first place Exclusive Masterclass: 7th Oct at 12pm(noon)"
X Link 2023-10-03T05:13Z 15.3K followers, [---] engagements

"The Income Tax Paradox: More ITR Filings but Fewer Tax Payments In FY [----] there's been a notable surge in the number of individuals diligently filing their Income Tax Returns (ITRs). It seems like more people are getting their paperwork in order. 1/3"
X Link 2023-10-04T05:52Z 15.4K followers, [---] engagements

"Ready to level up your financial game Let's explore the concept of Pool Investing Making investment decisions can be stressful and to make it easier for you we've crafted a handy comparison table pitting Mutual Funds against ETFs"
X Link 2023-10-05T05:58Z 15.4K followers, [---] engagements

"A promotion that turned sour Bollywood's brightest are being questioned by ED (Enforcement Directorate) But what's the entire story Let's help you understand in under a minute Comment your thoughts and theories on this and stay tuned with TaxBuddy for regular updates"
X Link 2023-10-13T05:07Z 15.3K followers, [---] engagements

"Oops Made a mistake on your tax return No worries there's still a way Correcting your ITR is smooth with a Revised Return Let us lend you a helping hand to fix those tax hiccups. Get your taxes right with India's most trusted ITR Filing platform"
X Link 2023-10-23T05:23Z 15.4K followers, [---] engagements

"Have you ever found yourself scratching your head over crypto taxes Well you're not alone Join our exclusive Masterclass and let's turn you into a tax-savvy crypto investor. See you there http://TaxBuddy.com/academy http://TaxBuddy.com/academy"
X Link 2023-10-31T05:29Z 18.3K followers, [---] engagements

"Did you catch the buzz Lenovo is now under the IT department's microscope for a whopping $1.9 billion rev in 2022-23 Dive into the intrigue as tax officials raided Lenovo's Gurugram and Bangalore hubs in a quest for proof of suspected tax evasion"
X Link 2023-11-22T05:20Z 12.3K followers, [---] engagements

"Curious about the nuances of ITR [--] Get an understanding of the ins and outs of ITR-2 House Property tax Capital Gains tax on shares and more in our exclusive masterclass on November [--] [----] Date: November [--] [----] Time: [--] (Noon) Virtual Enroll now Link in the comments"
X Link 2023-11-23T11:57Z 12.3K followers, [---] engagements

"A jaw-dropping [----] crore demand The Income Tax Department shakes up the tech world demanding a staggering [----] crore from giants Apple Google and Amazon What for 1/3"
X Link 2023-11-24T05:44Z 12.3K followers, [---] engagements

"Dreaming of a future that's financially secure NPS - a government-backed retirement plan is more than a safety net. You get to choose from a palette of investment options - equity government bonds corporate bonds and alternative assets. 1/2"
X Link 2023-11-28T05:17Z 16.2K followers, [---] engagements

"Who's on the Hook for Rent Income Taxes on Disputed Property Did you know That Income from disputed property is subject to taxes as long as the dispute is not settled Watch the video for the full scoop and stay tuned with #taxbuddy"
X Link 2023-11-29T05:35Z 12.3K followers, [---] engagements

"What percentage of Indians do you think pays the Income tax 4.8% Yes only 4.8% of the population shoulders the colossal income tax burden Share your thoughts below and explore more on ITR and taxation with TaxBuddy. #taxbuddy #itrfiling #taxes #tax"
X Link 2023-12-01T05:28Z 12.3K followers, [---] engagements

"Section 139(4) of the Income Tax Act [----] allows any person to file their belated return of income up to particular deadline. What is that deadline Answer here 👇"
X Link 2023-12-03T11:59Z 12.3K followers, [---] engagements

"1750466 people left India in the last [--] yrs✈ They leave but sell their properties in India🏡 People don't know about TDS compliances w.r.t. buying property from NRIs This can lead to penal consequences❌ Sharing a detailed thread in the evening to help you. Stay tuned🔔"
X Link 2023-12-04T09:29Z 12.3K followers, [---] engagements

"1750466 people have left India in the last [--] years✈ At some point they'll be selling their properties in India🏡 However be careful about this tax compliance issue while buying an NRI's property A thread.🧵👇"
X Link 2023-12-05T12:15Z 12.3K followers, [----] engagements

"1 TDS on property You are required to pay tax on behalf of the seller while purchasing their property. This is called Tax Deducted at Source (TDS) As per Section 194IA of Income Tax Act [----] you need to deposit TDS on purchase of property @ 1% (when value exceeds [--] Lakhs)"
X Link 2023-12-05T12:15Z 12.3K followers, [---] engagements

"4 What are the steps a buyer needs to take to ensure he/she is compliant A. Obtain TAN number B. Determine applicable tax rate for the seller (involves preparing tax computation) C. Deduct appropriate TDS and file TDS return and deposit by 7th of next month of deduction"
X Link 2023-12-05T12:16Z 12.3K followers, [---] engagements

"5 What if you dont take care of these steps If TDS is wrongly determined there are high chances of buyer being declared as assessee in default This may lead to TDS proceedings and eventually interest and penalty under Section [---] of the Income Tax Act 1961"
X Link 2023-12-05T12:16Z 12.3K followers, [---] engagements

"8But why LDC While the steps are complicated what the LDC does is provide the buyer with certainty as well as mitigate the risk of TDS proceedings against the buyer"
X Link 2023-12-05T12:18Z 12.3K followers, [--] engagements

"Follow us (@TaxBuddy1) for more such insightful content around personal taxation💡 Repost the first post to spread awareness"
X Link 2023-12-05T12:19Z 12.3K followers, [---] engagements

"Indian startup employees made [-----] crores through ESOPs since 2020🤯 More and more companies are issuing ESOPs It is important to plan taxes w.r.t. ESOPs. A complete guide on ESOP Taxation🧵👇"
X Link 2023-12-09T06:30Z 12.4K followers, [----] engagements

"Let us first understand the different types of employee incentives (schemes) available w.r.t. stocks / stock options. They can be bifurcated broadly into these two: A. Where employees receive shares B. Where employees receive cash payout on meeting performance / timing targets"
X Link 2023-12-09T06:30Z 12.4K followers, [---] engagements

"E.g. If an employer grants SAR at [--] & agrees to pay when the FMV hits [---] they'll pay [--] per SAR/Phantom stock given Now let us discuss the taxability of the above ESOPs👇:"
X Link 2023-12-09T06:30Z 12.5K followers, [---] engagements

"Taxing ESOPs involves two phases (applicable to both stock and cash-settled ESOPs): [--]. Perquisite taxation [--]. Capital Gains tax"
X Link 2023-12-09T06:30Z 12.5K followers, [---] engagements

"1 Perquisite taxation Perquisite is an employment benefit provided by an employer to an employee As per Income Tax Act any benefit provided is taxable under Sec. [--] ESOPs granted to emp. at less than FMV shall be taxable in the hands of emp. u.t.h. Salary at slab rates"
X Link 2023-12-09T06:30Z 12.3K followers, [---] engagements

"E.g. When a [---] share is offered at [--] [--] differential is treated as a taxable perquisite For cash-settled ESOPs (i.e. SARs / Phantom stocks) only perquisite taxation is applicable For ESOP / ESPP / RSU there is another step of taxation (when these shares are sold)"
X Link 2023-12-09T06:30Z 12.3K followers, [---] engagements

"2Capital Gains tax (on subsequent sale of shares) [--]. Type of asset: Depends on the type of share & holding period a. Unlisted share: Less than [--] months then short term; otherwise long term b. Listed share: Less than [--] months then short term; otherwise long term"
X Link 2023-12-09T06:30Z 12.3K followers, [---] engagements

"2. Cost of acquisition of shares The acquisition cost of shares remains [---] since the employee paid a perquisite tax on [--]. [--]. Tax rates for the sale of shares: a. Unlisted Shares Short-term: Slab rates Long-term: 20% with indexation"
X Link 2023-12-09T06:30Z 12.3K followers, [---] engagements

"b. Listed shares (depending on STT payment) Short term - 15% (Section 111A) Long term - 10% (Section 112A) on capital gains exceeding [--] Lakhs Note: Above tax rates exclude surcharges and cess"
X Link 2023-12-09T06:30Z 12.3K followers, [---] engagements

"E.g. If an employee sells the shares at [---] after [--] yrs. Capital gains shall be calculated as follows: Full consideration [---] Less: acquisition cost [---] Less: expenditure on transfer [--] Long Term Capital Gains: [--] LTCG tax @ 10% (assuming over [--] lakh gain) 8"
X Link 2023-12-09T06:30Z 12.3K followers, [---] engagements

"F&O traders in India have risen from just [--] Lakhs in [----] to [--] Lakhs today📈 However some of them are getting income-tax notices for opting for presumptive tax at 6% of turnover🤯 Don't make such mistakes. Here's a thread on taxation for F&O traders🧵👇"
X Link 2023-12-12T06:30Z 13.3K followers, 45.1K engagements

"This time of the year some people plan to donate to political parties😅 Using AI and technology Income tax department is sending notices to tax evaders for fake donations(80GGC)🤯 Here's how the department is doing it and why you shouldn't make fake donations. A thread🧵👇"
X Link 2023-12-13T06:30Z 12.5K followers, [----] engagements

"2 Skewed donation-income ratios The department is reassessing returns after using AI to identify skewed donation-income ratios for FY19. Chartered accountants told Moneycontrol that hundreds of notices were issued to salaried individuals from March [--] to June [--] this year"
X Link 2023-12-13T06:30Z 12.5K followers, [--] engagements

"3 Tax planning and tax evasion Tax planning legal: Involves claiming all the deductions available and investing in tax-saving options✅ Tax evasion illegal: Avoiding paying taxes by cheating income tax law. This has severe consequences❌ discussed below👇"
X Link 2023-12-13T06:30Z 12.5K followers, [--] engagements

"4 Introduction to Section 80GGC Section 80GGC allows any person to take a deduction for donations made to political parties. There's no upper limit for making a donation unlike 1.5L u/s 80C. You can donate as much as your income and claim a tax deduction"
X Link 2023-12-13T06:30Z 12.5K followers, [--] engagements

"🔹Jail of at least [--] months (max. [--] yrs) along with a fine where tax sought to be evaded exceeds [--] Lakhs"
X Link 2023-12-13T06:30Z 12.5K followers, [--] engagements

"9 Instead of doing this and incurring the wrath of the income tax authorities⚡ Undertake a detailed tax planning exercise and make the most of the deductions/exemptions available legally More on this in our next thread so stay tuned💵"
X Link 2023-12-13T06:30Z 12.5K followers, [--] engagements

"1 ITR Applicability You will be required to file an ITR-2 irrespective of the fact that you have only Salary income ITR [--] requires reporting of unlisted shares bought/sold during the year"
X Link 2023-12-20T07:55Z 13.4K followers, [---] engagements

"2 What is required to be reported A. Name of the unlisted company B. Its PAN number C. Number of securities held during the year (opening + purchases - sales) and the cost of acquisition of such shares"
X Link 2023-12-20T07:55Z 13.4K followers, [---] engagements

"Income tax department is actively using analytics to find evaders. One shouldn't think that they won't get caught Be an obedient tax payer and filer to live peacefully. Use our experts' services to file your belated ITR / ITR U. Hurry as the deadline approaches -"
X Link 2023-12-24T10:05Z 13.4K followers, [---] engagements

"*Don't confuse it with the previous law. Like our content Follow us for more and repost the first post to spread awareness👇"
X Link 2023-12-24T10:06Z 13.4K followers, [---] engagements

"Taxpayers are getting a reminder from tax department to file their revised/belated return by cross-verifying income in their AIS portal Login to your IT Portal -- Under "services" tab -- Click on "Annual Information Statement (AIS)" H/t @akhilpachori Why it's important👇"
X Link 2023-12-26T06:59Z 15.4K followers, [----] engagements

"Most people just know about the [------] deduction of home loan interest🏡 But if you use the provisions of Income Tax Act properly you can save a lot more in taxes🤯 Here's a thread on all deductions available on mortgaged property🧵👇"
X Link 2023-12-26T12:06Z 12.4K followers, [----] engagements

"Many people have real estate and rental income But most are not aware about how you can save taxes by smartly using income-tax provisions Here's all about tax on "income from house property" (IFHP) 🧵👇"
X Link 2023-12-28T10:19Z [--] followers, [----] engagements

"8 Read more on benefits of Home Loans/property loans in our previous thread Most people just know about the [------] deduction of home loan interest🏡 But if you use the provisions of Income Tax Act properly you can save a lot more in taxes🤯 Here's a thread on all deductions available on mortgaged property🧵👇 https://t.co/LwHCMJt8Yp Most people just know about the [------] deduction of home loan interest🏡 But if you use the provisions of Income Tax Act properly you can save a lot more in taxes🤯 Here's a thread on all deductions available on mortgaged property🧵👇 https://t.co/LwHCMJt8Yp"
X Link 2023-12-28T10:24Z 15.4K followers, [---] engagements

"Follow us (@TaxBuddy1) for more such insightful content around personal taxation Repost the first post to spread awareness Many people have real estate and rental income But most are not aware about how you can save taxes by smartly using income-tax provisions Here's all about tax on "income from house property" (IFHP) 🧵👇 https://t.co/AgBk6dJx91 Many people have real estate and rental income But most are not aware about how you can save taxes by smartly using income-tax provisions Here's all about tax on "income from house property" (IFHP) 🧵👇 https://t.co/AgBk6dJx91"
X Link 2023-12-28T10:31Z 15.4K followers, [---] engagements

"India has [----] Crore demat accounts and Dream11 alone has [--] Crore users🤯 Very few people know about how income tax and GST are charged to such users All about taxability on winnings and GST on paying on such platforms. A thread🧵👇"
X Link 2024-01-02T06:30Z 14.6K followers, [----] engagements

"8 Bonus - Other important points [--]. RMG platform will consider every account of one User [--]. When any promo cash is provided it is not considered a taxable deposit (when it can be used only for playing). When such promo cash becomes withdrawable it becomes taxable deposit"
X Link 2024-01-02T06:30Z 15.3K followers, [---] engagements

"Follow us (@TaxBuddy1) for more such insightful content around personal taxation Repost the first post to spread awareness India has [----] Crore demat accounts and Dream11 alone has [--] Crore users🤯 Very few people know about how income tax and GST are charged to such users All about taxability on winnings and GST on paying on such platforms. A thread🧵👇 India has [----] Crore demat accounts and Dream11 alone has [--] Crore users🤯 Very few people know about how income tax and GST are charged to such users All about taxability on winnings and GST on paying on such platforms. A thread🧵👇"
X Link 2024-01-02T06:30Z 15.1K followers, [---] engagements

"Buying stocks can be a rollercoaster but figuring out the taxes Absolutely No We're hosting an exclusive Twitter Space with an expert @AdityaD_Shah covering all things Stock Market Taxation Date Jan 5th2024(Tomorrow) Time: 8:30pm P.S.: Bring your burning questions and don't forget to share with/tag your friends #taxbuddy #space #sharemarket #taxes"
X Link 2024-01-04T11:37Z 15.4K followers, [----] engagements

"7 TCS on LRS vs. TCS on Overseas Tour Program Package (OTPP) [--] lakhs limit for LRS and OTPP apply independently. TCS applicable at 20% where LRS exceeds [--] lakhs In purchase of OTPP: [--]. TCS at 5% below the limit of [--] lakh [--]. TCS at 20% above [--] lakh"
X Link 2024-01-05T06:50Z 15.3K followers, [---] engagements

"Follow us (@TaxBuddy1) for more such insightful content around personal taxation Repost the first post to spread awareness You will have to pay 20% more for your foreign trips🤯 Are you aware of the recent changes to TCS provisions A complete thread on new tax provisions and how to claim refund🧵👇 You will have to pay 20% more for your foreign trips🤯 Are you aware of the recent changes to TCS provisions A complete thread on new tax provisions and how to claim refund🧵👇"
X Link 2024-01-05T06:53Z 14.8K followers, [---] engagements

"1 What is PF or EPF Employees' provident fund (EPF) is a savings scheme for employees of an organisation that comes under EPFO Employee must make a contribution to EPF and employer must make an equal contribution Employees' contribution to EPF is tax deductible u/s 80C"
X Link 2024-01-08T10:34Z 14.3K followers, [---] engagements

"2 Taxability of interest Before [----] any lump sum amount and interest income which a person received on termination of service were exempt from taxes So if you received INR [------] from a PF it was entirely exempt But👇👇"
X Link 2024-01-08T10:35Z 15.2K followers, [---] engagements

"How will the tax on gains from Bitcoin ETF be charged"
X Link 2024-01-13T13:10Z 15.3K followers, [---] engagements

"8 FDs or Debt Funds SBI FD rates hover in the range of 3.5% to 6.5% p.a. whereas Gilt funds have returned around 8-8.44% p.a. in last [--] years. Gilt funds are debt funds that invest primarily in government securities"
X Link 2024-01-15T06:08Z 15.4K followers, [---] engagements

"Follow us (@TaxBuddy1) for more such insightful content around personal taxation. Repost the first post to spread awareness Profits on debt funds will attract tax as per slabs up to 39%🤯 No matter how long you hold it for This taxation is almost akin to FD interest taxation All about this change and how you can still save taxes. A thread🧵👇 Profits on debt funds will attract tax as per slabs up to 39%🤯 No matter how long you hold it for This taxation is almost akin to FD interest taxation All about this change and how you can still save taxes. A thread🧵👇"
X Link 2024-01-15T06:09Z 14.4K followers, [---] engagements

"Income Tax Dept summoned a Bangalore based person for not reporting [----] in his German Bank account🤯 Similarly if you have foreign company's ESOPs you need to report that in your ITR This mistake can cost you [--] Lakhs & imprisonment of up to [--] years A thread.🧵👇"
X Link 2024-01-19T06:42Z 16.3K followers, 32.9K engagements

"1 What is an ESOP ESOPs are awarded to employees by start-ups/companies to incentivise performance or retain top talent. Typically subsidiaries (Microsoft India) of overseas listed companies (Microsoft Corp US listed) in India offer ESOPs of overseas listed cos 👇"
X Link 2024-01-19T06:42Z 16.3K followers, [----] engagements

"3 Indian Co. to deduct TDS The payment amounts to perquisite and the Indian co. of foreign parent will be obligated to deduct TDS u/s 192🏣 When will this tax be deducted At stage [--] i.e. Perquisite taxation"
X Link 2024-01-19T06:43Z 15.4K followers, [----] engagements

"4 Capital gains taxation When the shares are sold capital gains tax will be levied based on - a) period of holding and b) type of security Foreign shares are however treated as unlisted shares"
X Link 2024-01-19T06:43Z 15.3K followers, [----] engagements

"12 Report Foreign Assets or pay [--] Lakhs as fine Penalty of upto [--] Lakhs p.a. is levied if foreign assets are not reported in Schedule FA every year This penalty is levied as long as the default continues i.e. if it extends to [--] yrs then penalty increases to [--] Lakhs"
X Link 2024-01-19T06:50Z 14.9K followers, [---] engagements

"Follow us (@TaxBuddy1) for more such insightful content around personal taxation. Repost the first post to spread awareness Income Tax Dept summoned a Bangalore based person for not reporting [----] in his German Bank account🤯 Similarly if you have foreign company's ESOPs you need to report that in your ITR This mistake can cost you [--] Lakhs & imprisonment of up to [--] years A thread.🧵👇 Income Tax Dept summoned a Bangalore based person for not reporting [----] in his German Bank account🤯 Similarly if you have foreign company's ESOPs you need to report that in your ITR This mistake can cost you"
X Link 2024-01-19T06:52Z 15.2K followers, [----] engagements

"It is true that you can save massive taxes using this provision. However it would be much better that you apply this provision with complete knowledge of evolving case laws also. For this you can refer to a tax expert"
X Link 2024-01-21T12:14Z 15.3K followers, [---] engagements

"Follow us (@TaxBuddy1) for more such insightful content around personal taxation. Repost the first post to spread awareness Those in business can declare just 6% of their sales as profit while paying taxes🤯 🔸If Sales = 100; 🔸Profit = [--] (assumed); 🔸Tax 25% of [--] = 1.5🤯 Tax can be as low as just 1.5% of your sales And it is 100% LEGAL All about presumptive taxation A thread🧵👇 Those in business can declare just 6% of their sales as profit while paying taxes🤯 🔸If Sales = 100; 🔸Profit = [--] (assumed); 🔸Tax 25% of [--] = 1.5🤯 Tax can be as low as just 1.5% of your sales And it is 100% LEGAL"
X Link 2024-01-21T12:16Z [--] followers, [---] engagements

"Connect with an expert using our services:"
X Link 2024-01-21T12:16Z 15.4K followers, [---] engagements

"8 Scenario [--] (Multiple) Ms. Nupur has policies where in the premium payable is as follows:"
X Link 2024-01-23T08:45Z 14.5K followers, [--] engagements

"Follow us (@TaxBuddy1) for more such insightful content around personal taxation. Repost the first post to spread awareness- The money that you get from INSURANCE companies is no longer completely TAX FREE🤯 What has changed How can you still get a tax free income A thread🧵👇 The money that you get from INSURANCE companies is no longer completely TAX FREE🤯 What has changed How can you still get a tax free income A thread🧵👇"
X Link 2024-01-23T08:46Z 15.3K followers, [--] engagements

"8 Scenario [--] (Multiple) Ms. Nupur has policies where in the premium payable is as follows:"
X Link 2024-01-23T10:32Z 12.3K followers, [---] engagements

"Follow us (@TaxBuddy1) for more such insightful content around personal taxation. Repost the first post to spread awareness- The money that you get from INSURANCE companies is no longer completely TAX FREE🤯 What has changed How can you still get a tax free income A thread🧵👇 The money that you get from INSURANCE companies is no longer completely TAX FREE🤯 What has changed How can you still get a tax free income A thread🧵👇"
X Link 2024-01-23T10:33Z [--] followers, [---] engagements

"Our client paid NO TAX on [-------] profit when he sold his property🤯 How is that possible Profits and no tax🧐 Even when you make crores of gains from stock market you can still pay [--] tax How individuals HUFs companies can save lakhs of tax A thread🧵👇"
X Link 2024-01-31T08:36Z 15.5K followers, 225.4K engagements

"5 Invest in savings certificates/UTI units to get exemption📄 Under the following sections investment in specified securities may benefit you - 54E 54EA 54EB & 54EE So selling a long term asset and then investing the gains in UTI govt securities could save you from taxes👇"
X Link 2024-01-31T08:41Z 15.4K followers, 11.4K engagements

"Follow us (@TaxBuddy.com) for more such insightful content around personal taxation. Repost the first post to spread awareness Our client paid NO TAX on [-------] profit when he sold his property🤯 How is that possible Profits and no tax🧐 Even when you make crores of gains from stock market you can still pay [--] tax How individuals HUFs companies can save lakhs of tax A thread🧵👇 Our client paid NO TAX on [-------] profit when he sold his property🤯 How is that possible Profits and no tax🧐 Even when you make crores of gains from stock market you can still pay [--] tax How individuals HUFs companies"
X Link 2024-01-31T08:42Z 15.4K followers, 13.1K engagements

"The most comforting announcement from the interim budget [----] Tax Demands will be written off up to [-----] 👇 #Budget2024 #BudgetWithTaxBuddy Direct Tax Reforms: Proposed to withdraw all tax demands up to [-----] pertaining to years FY09-10 And those up to rupees [-----] pertaining to FY10-11 to 2014-15. Expected to benefit [--] Crore taxpayers #AskTaxBuddy #Budget2024 Direct Tax Reforms: Proposed to withdraw all tax demands up to [-----] pertaining to years FY09-10 And those up to rupees [-----] pertaining to FY10-11 to 2014-15. Expected to benefit [--] Crore taxpayers #AskTaxBuddy #Budget2024"
X Link 2024-02-01T08:48Z 15.4K followers, [----] engagements

"You can own [--] office parks [--] hotels and a solar power plant with less than [--] lakh🏡🏣🌇 We're not kidding🤯 A thread REITs/InvITs and its taxation in India 🧵👇"
X Link 2024-02-08T11:59Z 15.5K followers, [--] engagements

"8 Let us understand its taxability REIT A and InvIT B was purchased on 1.1.2019 and 1.2.2023 (cost of [------] for [--] units) After which Mr Mowgli sold REIT A for [------] and InVIT B for 220000"
X Link 2024-02-08T12:01Z 15.5K followers, [---] engagements

"Follow us (@TaxBuddy1) for more such insightful content around personal taxation. Repost the first post to spread awareness👇 You can own [--] office parks [--] hotels and a solar power plant with less than [--] lakh🏡🏣🌇 We're not kidding🤯 A thread REITs/InvITs and its taxation in India 🧵👇 You can own [--] office parks [--] hotels and a solar power plant with less than [--] lakh🏡🏣🌇 We're not kidding🤯 A thread REITs/InvITs and its taxation in India 🧵👇"
X Link 2024-02-08T12:02Z 15.5K followers, [---] engagements

"@inversemodeon In the case of a REIT dividend income for unitholders is taxable under "Income from Other Sources" as ordinary income at slab rates"
X Link 2024-02-08T15:27Z 15.5K followers, [---] engagements

"1 Capital gains and its taxability You have to pay tax @ 10% on long term gains* arising from sale of listed equity shares/mutual funds Short term gains are taxed at 15% i.e. where holding period is up to [--] months LTCG: Held for [--] months *On gains 1L"
X Link 2024-02-09T06:31Z 18.3K followers, [----] engagements

"2 Example of capital gains tax👇 ➡A bought [---] shares of ABC Ltd. at [----] on Jan [--] [----] ➡Sold at [----] on Feb [--] [----] Holding period: [----] months Here is the computation of tax liability👇"
X Link 2024-02-09T06:32Z 15.5K followers, [---] engagements

"EPFO has revised the interest rates on your PF investments from 8.10% to 8.25% p.a Interest on PF investments is tax exempt (sub. to contribution limit of 2.5L p.a) Employee's contribution also reduce taxable income u/s 80C (old regime). We wrote a thread on this. Do read👇"
X Link 2024-02-11T13:29Z 16.1K followers, [----] engagements

"Gifts received: 10000000+ Tax: 0🤯 But how🤔 All about taxation of gifts. A thread.🧵👇"
X Link 2024-02-12T09:30Z 15.6K followers, [--] engagements

"Thank you so much for your response. Here is the answer to your question: [--]. X may incur capital gains tax when selling the land to Y calculated based on the difference between the sale value and the indexed cost of acquisition. [--]. The tax liability arises for X at the time of sale in [----]. [--]. X will be taxed on the capital gains while Y may not face immediate tax implications but should consider potential future tax liabilities upon selling the property. I hope this clarifies your query"
X Link 2024-02-13T05:19Z 16.1K followers, [---] engagements

"6 You dont just need a wedding planner but also a tax-planner. Proper investment planning can help decrease the overall tax liability of the household For any queries reach out✌"
X Link 2024-02-14T08:28Z 16.1K followers, [---] engagements

"Follow us (@TaxBuddy1 ) for more such insightful content around personal taxation. Repost the first post to spread awareness: Our partners complete our lives. On Valentine's Day we are sharing top [--] ways to save tax that you can implement with your spouse📈 This will help you save at least 100000+ in taxes. A thread🧵👇 Our partners complete our lives. On Valentine's Day we are sharing top [--] ways to save tax that you can implement with your spouse📈 This will help you save at least 100000+ in taxes. A thread🧵👇"
X Link 2024-02-14T08:28Z 16.1K followers, [---] engagements

"2 Physical gold vs SGB SGB doesnt have the following risks/disadvantages: 🔸GST on purchase 🔸Risk of theft and impurity 🔸Making charges on jewellery 🔸Storage cost"
X Link 2024-02-16T07:55Z 16.1K followers, [--] engagements

"3 But why Gold at all The SGBs series-I returned a CAGR of 10.9% in addition to interest of 2.75% p.a. Gold is a scarce commodity and unlike fiat currency it cannot be printed in an unlimited fashion Hence gold prices appreciate in times of crisis"
X Link 2024-02-16T07:55Z 16.1K followers, [--] engagements

"NPS can help you build a retirement corpus of [--] crores🤯 It comes with the upside of equity & tax savings too📈 You can save far more than [--] Lakhs p.a. and reduce your taxable income too. Here's how A thread🧵👇"
X Link 2024-02-23T07:02Z 16.3K followers, 28.6K engagements

"As per the recent amendment you can plan a systematic withdrawal plan of your entire corpus on a monthly quarterly yearly frequency. Otherwise you can redeem 60% of your corpus without paying any tax. On the rest 40% you can receive annuity which will be taxable. Please consult an expert before taking any decision"
X Link 2024-02-24T06:15Z 16.3K followers, [--] engagements

"6 Who can opt for this scheme Anyone pursuing such profession 🔸Legal 🔸Medical 🔸Engineering or architectural 🔸Accountancy 🔸Technical consultancy 🔸Interior decoration 🔸Any other profession as notified by CBDT"
X Link 2024-02-24T07:53Z 16.2K followers, [---] engagements

"7 Maintain books of accounts if👇 🔸Income (Individual/HUF) [---] lakhs or 🔸Turnover [--] lakhs But if you opt for presumptive taxation scheme u/s 44ADA then no need to maintain books of accounts❌"
X Link 2024-02-24T07:53Z 16.2K followers, [---] engagements

"This is BIG 🚨 The CBDT just issued a major relief directive👇"
X Link 2024-02-26T07:03Z 16.3K followers, [----] engagements

"Who Benefits Taxpayers with outstanding tax demands under: Income Tax Act1961 Wealth Tax Act [----] Gift Tax Act 1958"
X Link 2024-02-26T07:03Z 16.3K followers, [---] engagements

"1 Contribution to Provident Fund Both the employee and employer contribute to EPF/PPF. 🔸Investment amount: Up to [---] Lakhs 🔸Benefit provided: Tax deduction u/s 80C You might end up getting a tax free return (subject to limits) of 7.5%-8.5%🤯 That's as good as getting a pre-tax return of 10.7% to 12.15%✅"
X Link 2024-02-26T11:21Z 16.3K followers, [---] engagements

"2 Invest in National Pension Scheme👇 NPS is [--] product with [--] tax benefits😲 It also provides pensions by way of annuity payments after retirement. Tax benefits: 🔸Deduction u/s 80CCD(1) - [---] Lakhs (subject to 80C limit) 🔸Additional deduction u/s 80CCD(1B) - [-----] 🔸If you are a corporate employee claim u/s 80CCD(2) - 10% of (Basic + DA)"
X Link 2024-02-26T11:22Z 16.3K followers, [---] engagements

"7 Capital gains on specified assets can be exempt🤯 But how If you reinvest your long term capital gains (within [--] months) from specified assets listed above. 🔸Exemption amount = Amount reinvested / (Net consideration * Capital gains)"
X Link 2024-03-01T09:35Z 16.3K followers, [---] engagements

"8 Save some taxes😲 You can claim tax benefits on your education loan✅ Good news for all our NRI friends You can claim a tax deduction of interest paid on education loans under Section 80E: 🔸Deduction allowed only for [--] years; 🔸Deduction can be claimed by you or your relative"
X Link 2024-03-01T09:36Z 16.3K followers, [---] engagements

"1 [--] ways to save taxes worth lakhs😲 🔸Section 54/54F: Sell residential house/other capital assets➡invest the proceeds in buying another residential property➡claim exemption from such gains 🔸Section 54EC: Claiming exemption by investing in specified bonds More on 54EC👇"
X Link 2024-03-02T09:24Z 16.3K followers, [---] engagements

"2 You can invest up to a crore in such bonds🧐 If you have gains from sale of land/building or bothup to [--] lakhs can be invested in: 🔸NHAI (National Highways Authority of India) or 🔸REC (Rural Electrification Corp) within [--] months of transfer of original property👇"
X Link 2024-03-02T09:24Z 16.3K followers, [---] engagements

"3 Features of section 54EC👇"
X Link 2024-03-02T09:25Z 16.3K followers, [---] engagements

"4 But whats the risk-reward Ms. A earns capital gains on sale of land (held for 24m). She is liable to pay 20% tax (after indexation) So on indexed gains of 50L A is paying 10L as tax +cess🤯 Moreover there's a lock-in period of [--] years. More on risk-reward👇"
X Link 2024-03-02T09:25Z 16.3K followers, [---] engagements

"6 Yes you can earn up to 14% In an equity-oriented mutual fund Investment in an equity-oriented mutual fund has returned approx. 12-14% annually PoH: [--] years That is 10.8% to 12.6% post-tax✅ Still more than 5% returned by 54EC bonds🧐"
X Link 2024-03-02T09:26Z 16.3K followers, [---] engagements

"7 But you do end up paying tax of 20.8%🤯 So imagine a scenario where you have a gain from sale of flat you have not invested/re-invested in a new house entire gains may be taxable But investing in 54EC bonds may provide savings🤩 Lets see how👇"
X Link 2024-03-02T09:26Z 16.3K followers, [---] engagements

"8 Lets understand by way of an example👇 🔸Mr. V has a long term capital gain of [--] Lakhs from sale of a flat in Pune 🔸Assuming he has no other income Computation as follows👇"
X Link 2024-03-02T09:27Z 16.3K followers, [---] engagements

"9 With or without 54EC bonds👇"
X Link 2024-03-02T09:28Z 16.3K followers, [---] engagements

"10 Tax savings or more returns It really depends on you🫵 Whatever makes you financially secure is what you should do. But please consider that asset allocation is an important call and one should make that only after considering their holistic financial planning & risk appetite with a SEBI RIA"
X Link 2024-03-02T09:29Z 16.3K followers, [---] engagements

"The Demerger of Tata Motors will impact the taxation of its [-------] shareholders🤯 How will this demerger affect you as a shareholder🤔 Bookmark this. A thread🧵👇"
X Link 2024-03-07T09:13Z 16.3K followers, [----] engagements

"1 About the Tata Motors Demerger Tata Motors has the following segments: 🔸Commercial Vehicles (CV) 🔸Passenger Vehicles (PV+EV) and 🔸Jaguar Land Rover The board has approved demerging the company into two: [--]. CV and [--]. PV+EV+JLR But what happens in a demerger👇"
X Link 2024-03-07T09:14Z 16.3K followers, [---] engagements

"6 For claiming the benefit keep these documents ready👇 🔸Registered rental agreement 🔸Rent receipts/proof of rent payment 🔸PAN of landlord (if annual rent exceeds [--] lakh) 🔸Self declaration (if no PAN of landlord available)"
X Link 2024-03-08T11:36Z 16.3K followers, [---] engagements

"Hurry up You need to invest before 31st March [----] to claim tax deduction u/s 80C💹 But which instrument to invest in How do I choose one A thread that'll teach you basics of all deductions available u/s 80C🧵👇"
X Link 2024-03-13T09:26Z 16.3K followers, [----] engagements

"1 Deductions help you pay [--] tax 🤯 One of the most commonly used deductions is section 80C👇 You can make some investments/expenses/payments and claim its deductions u/s 80C How much can we claim Up to [------] in a F.Y.🤩"
X Link 2024-03-13T09:26Z 16.3K followers, [---] engagements

"2 [------] is the maximum limit✅ You cannot claim more than this limit u/s 80C For FY 23-24 (A.Y. 2024-25) one needs to invest between 1st April [----] and 31st March 2024📅"
X Link 2024-03-13T09:26Z 16.3K followers, [---] engagements

"4 You can still file your return for AY 2021-22 ITR-U is an ITR form that allows taxpayers to update their ITRs By rectifying errors/omissions within [--] years from the end of the relevant AY. Due date to file ITR-U for FY 2020-21 (AY 2021-22) is March [--] 2024"
X Link 2024-03-15T10:22Z 16.3K followers, [---] engagements

"5 Sold any capital asset during the year👇 If yes then calculate your capital gains tax liability✅ By practicing tax loss harvesting one can save lakhs of tax😲 ⚠You have to determine if you have any losses that can be booked and use that to set-off the gains"
X Link 2024-03-15T10:23Z 16.3K followers, [---] engagements

"Taxes are going to be the biggest expense of your lifetime. Its important to mindfully invest and start early retirement planning in your 30s Save up to 300000+ in taxes before March [--] [----]. Tax Planning for the 30s 🧵👇"
X Link 2024-03-16T10:47Z 16.3K followers, [----] engagements

"6 Public Provident Fund (PPF) PPF gives returns in the range of 7%8% with the entire amount being non-taxable 🔹Investing in PPF can be availed as deduction u/s 80C up to [------] 🔹Lock - in period of [--] years✅"
X Link 2024-03-16T10:49Z 16.3K followers, [---] engagements

"7 National Pension Scheme (NPS) Investing in NPS allows one to claim tax exemption up to [-----] 🔹Over and above deduction u/s 80C of [------] 🔹Additional benefits can be claimed u/s 80CCD(2) Refer our earlier thread🧵 for details on NPS to know"
X Link 2024-03-16T10:50Z 16.3K followers, [---] engagements

"3 Lock-in Period🔐 If you invest in ELSS then there is a lock-in of [--] years✅ Investments in equity markets will generate slightly better returns📈 Tax benefit u/s 80C is available up to [------] Tax Benefits in detail👇"
X Link 2024-03-18T11:02Z 16.3K followers, [---] engagements

"4 No cap on amount of investment💰 One can invest any amount in ELSS but deduction is allowed up to [------] every year For e.g. if S earns [-------] p.a. S falls under 30% tax bracket And saving u/s 80C is [------] * 30% = [-----] (+ 4% cess)"
X Link 2024-03-18T11:02Z 16.3K followers, [---] engagements

"4 Contributions to be made for only [--] years📅 And the amount will continue to earn interest until maturity even if [--] deposits are made after [--] years Yes amount deposited earns interest at 8.2%👇"
X Link 2024-03-19T09:18Z 16.3K followers, [---] engagements

"5 Tax Benefits of SSY account 🔹Investments made are eligible for deductions u/s 80C subject to [---] lakh 🔹Interest accrued is exempt from tax u/s [--] of the Income Tax Act 🔹Proceeds received upon maturity/withdrawal are also exempt"
X Link 2024-03-19T09:18Z 16.3K followers, [---] engagements

"Colors may fade but smart tax savings never should💰 Happy Holi from team TaxBuddy. #taxbuddy #holi #happyholi2024"
X Link 2024-03-25T05:30Z 16.3K followers, [---] engagements

"Losses are an inevitable part of investors' & traders' life. 89% F&O traders lose money as per SEBI's data. The only good thing is that it can be carried forward for set-off from future years' profits. All about carry forward provisions🧵👇"
X Link 2024-03-28T11:42Z 16.3K followers, [----] engagements

"1 Introduction Income Tax Act [----] provides for methodology to calculate income under various heads (i.e. PGBP IFOS IFHP etc.) However it is entirely possible that you end up incurring losses under any income head⛔ Losses can help the taxpayer save taxes👇"
X Link 2024-03-28T11:42Z 16.3K followers, [---] engagements

"5 Claim these charges👇 Stamp duty and registration charges incurred during the purchase of a property are eligible for deduction u/s 80C within [---] lakh✅ 1st-time home buyers can avail of this benefit to reduce their taxable income and maximize tax savings"
X Link 2024-03-30T09:44Z 16.3K followers, [---] engagements

"6 Under construction properties When you buy any underconstructed property Interest on pre-construction period (from acquisition/completion till 5years) shall be allowed as deduction In [--] equal installments each year subject to limit of 2L✅"
X Link 2024-03-30T09:47Z 16.3K followers, [---] engagements

"The new tax regime is applicable from 01/04/2024 Does it mean you cant opt for a new regime for FY 2023-24 The Ministry of Finance issued a clarification when rounds of false information were being circulated on some social media platforms. The new regime is applicable w.e.f. Assessment Year 2024-25 The new tax regime is the default regime for Financial Year 2023-24. FY 2023-24 commenced on April [--] [----]. However your income for financial year is assessed in the year subsequent to the financial year i.e. the year in which you file your return. Therefore the income of Financial Year 2023-24 is"
X Link 2024-04-02T12:55Z 16.3K followers, [----] engagements

"4 How can you save taxes on long-term capital gains If you plan to sell long-term capital assets and reinvest the gains You are eligible for exemptions u/s [--] series😲 Refer to this table👇"
X Link 2024-04-03T12:17Z 18.4K followers, [---] engagements

"Mr. Rajesh read online that he can save [-----] in taxes by booking long-term capital gains up to [--] Lakh However he had to pay [-----] in taxes🤯 All about Rebate and how it works🧵👇"
X Link 2024-04-09T07:01Z 17.4K followers, 14.4K engagements

"1 What is Rebate Section 87A helps taxpayers reduce income tax liability to ZERO If total income does not exceed 5L in a year for old tax regime But we know that above [------] up to [------] a 5% tax is levied🤔 Thats where rebate gets relevant. More on it👇"
X Link 2024-04-09T07:01Z 17.4K followers, [---] engagements

"Income: 5000000➡Tax: [-------] Income: 5010000➡Tax: 1504930🤯 [------] additional tax for an additional income of just [-----] That's surcharge for you But don't worry. Heres the concept of marginal relief which will relieve you. A thread🧵👇"
X Link 2024-04-10T10:20Z 16.4K followers, [--] engagements

"BSE listed companies lost [------] Crores in market value today🤯📉 All because of withdrawing Capital Gains Tax exemption of Mauritius based companies Here's why foreign funds are selling Indian stocks A thread.🧵👇"
X Link 2024-04-12T11:42Z 17.4K followers, [----] engagements

"1 Tax exemption until 31st Mar'17 India-Mauritius tax treaty provided that entities investing in India need not pay capital gains tax on selling Indian assets Exemption on equity shares was discontinued from 1st Apr'17 Mauritius was India's biggest provider of FDI in 2017"
X Link 2024-04-12T11:43Z 17.4K followers, [---] engagements

"Demats in India: [--] Crores💹 [--] Betting app's users: [--] Crores🏏 But your [---] of pot value reduces to [--] right after applying 28% GST (grossed up)🤯 All about taxation of gaming betting and gambling apps A thread🧵👇"
X Link 2024-04-15T11:06Z 17.4K followers, [----] engagements

"The highest tax an individual paid post-independence was 97.75%😲 And there were [--] tax slabs Here is an interesting thread about how income tax rates have changed since 1947🔄 A thread🧵👇"
X Link 2024-04-16T12:10Z 17.6K followers, [----] engagements

"4 Your income is [------] Salaried having income up to [---] L need not pay any taxes under new regime There is no tax on 7L of income & 50K of std deduction reduces taxable income However if your employer has deducted TDS wait for updated form 26AS and form 16"
X Link 2024-04-18T11:40Z 17.5K followers, [---] engagements

"5 Can F&O traders file their ITRs now Even though F&O traders have no TDS applicability The non-availability of ITR-3 on the income tax portal is the reason why they cannot file it in April Do not enter any major transaction in the previous year as AIS may not be updated✅"
X Link 2024-04-18T11:40Z 17.5K followers, [---] engagements

"ETFs have seen [--------] investors invest in them🤯 This has led to their AUM soar to [------] Crores📈 However very few know how they are taxed All about taxation of ETFs A thread.🧵👇"
X Link 2024-04-24T13:24Z 17.6K followers, [----] engagements

"Are you a fan of Shark Tank episodes Do you know the sharks have to pay 39% Income Tax🤯 We'll discuss: 🔸How do they save taxes and 🔸About Angel Tax A Thread 🧵👇"
X Link 2024-04-26T11:54Z 17.6K followers, [--] engagements

"1 How are HNIs taxed Those earning above [--] lakhs p.a. need to pay a surcharge. A surcharge is a tax on the taxes. For those earning above [--] Cr it is 25% of the income tax. With education cess the effective tax rate goes up to 39% on their earnings"
X Link 2024-04-26T11:55Z 17.6K followers, [---] engagements

"2 How do they save taxes Sharks get a fat paycheck from investors who buy their startup's shares at steep valuation. To save on capital gains tax they buy a residential property and claim the exemption. However there are conditions. More on it later"
X Link 2024-04-26T11:55Z 17.6K followers, [---] engagements

"🔸Rent: 60000/mo 🔸Tenancy Start Date: 1/4/23 🔸Rent to landlord from Apr'23 to Feb'24: 60000/mo 🔸Rent for the year: [---] L 🔸TDS for entire year: 5% of 7.2L : [-----] 🔸Rent for Mar'24 month: [-----] - [-----] = [-----] [-----] needs to be deposited to govt"
X Link 2024-05-01T10:53Z 17.6K followers, [--] engagements

"3 Do I need to apply for Tax Deduction Number No. The provisions of having a tax deduction and collection number are not applicable to a person who is liable to deduct tax under Section 194IB i.e. payment of house rent exceeding 50000/month"
X Link 2024-05-01T10:53Z 18.3K followers, [---] engagements

"6 ITR-6 This form is for companies other than those claiming exemption u/s 11"
X Link 2024-05-02T07:55Z 17.6K followers, [---] engagements

"7 ITR-7 It is the federal tax return for businesses partnerships & trusts that continue to be excluded from paying income tax Entities eligible include those claiming exemptions u/s 139(4A) 139(4B) 139(4C) or 139(4D) of the Income Tax Act 1961"
X Link 2024-05-02T07:55Z 17.6K followers, [---] engagements

"People believe that Income-Tax Dept (IT Dept) can not send notice after [--] years. However the IT Dept can send you notices even after [--] years 🤯 Know all about time-limit of IT notices and what you can do to resolve them A thread.🧵👇"
X Link 2024-05-03T09:45Z 17.6K followers, [----] engagements

"Lot of buildings in Mumbai Bangalore are going for redevelopment (JDA) Before [----] you had to pay capital gains tax from the day the building went for redevelopment🤯 What has changed All about JDA taxation A thread.🧵👇"
X Link 2024-05-08T12:33Z 17.6K followers, [----] engagements

"It is said that only death and taxes are certain Losing a family member is an unfathomable pain But do not leave behind the worry of finances & taxes on your family members Here's all about tax planning for succession planning A thread.🧵👇"
X Link 2024-05-09T09:34Z 17.9K followers, [----] engagements

"1 Know these few tips 🔹Never forget to mention your nominee(s) in all your investments 🔹Make a detailed Will with the help of an expert to avoid any family clashes later✅"
X Link 2024-05-09T09:35Z 17.6K followers, [---] engagements

"2 Inherited assets The assets inherited by the legal heirs of the deceased are not taxed on inheritance Only when the heirs sell those assets then they are taxes The cost and date of acquisition in the hands of heirs is the same as that of the deceased"
X Link 2024-05-09T09:35Z 17.6K followers, [---] engagements

"5 Tax applicable on winnings from lottery crossword puzzles🧩🏏 Tax is applicable at 30% It also includes: 🔸Lottery 🔸Crossword puzzles 🔸Fantasy sports 🔸TV shows etc"
X Link 2024-05-10T11:45Z 17.6K followers, [--] engagements

"6 TDS applicable on such winnings If winnings exceed [-----] in a year✅ Tax is deducted at 30% TDS must be deducted when the winning amount is paid So if B wins [--------] at KBC he shall have to pay [-------] as tax to the government😲"
X Link 2024-05-10T11:45Z 17.6K followers, [---] engagements

"4 This is what you need to do👇 Create a crypto P&L report From this report populate your ITR Remember the more cryptos you have the more complex the filing will be✅ Also a large number of TDS entries airdrops would require careful examination🔬"
X Link 2024-05-11T10:48Z 17.6K followers, [---] engagements

"5 What to file under schedule VDA 🔹Acquisition date 🔹Sale date 🔹Category of income for taxation (capital gains or business income) 🔹Acquisition cost 🔹Money earned from selling VDA✅"
X Link 2024-05-11T10:49Z 17.6K followers, [---] engagements

"Experts recommend exposure to foreign equities also However there is 20% TCS on buying foreign equities🤯 Then what is the best way to have exposure to stocks like Apple Microsoft Meta Alphabet etc.🤔 All about taxation of foreign equities A thread.🧵👇"
X Link 2024-05-14T08:05Z 17.6K followers, 10K engagements

"Many employees receive their bonuses in April-June💸 Should you prepay home loan🏡🤔 Or invest in mutual funds📈 Clearing all the confusion A thread.🧵👇"
X Link 2024-05-16T11:20Z 17.6K followers, [--] engagements

"1 Table of effective interest rate Say you and your wife jointly take a loan where both of you are entitled to a tax deduction of 2L each. The effective interest rate (EIR) in this case would be:"
X Link 2024-05-16T11:20Z 17.8K followers, [---] engagements

"2 Know your risk tolerance The mutual funds investments are risky as they are linked to market conditions✅ Period of investment should be higher somewhere in the range of 8-15 years. Hence it will be a risky stance to invest in mutual funds and not to prepay😲"
X Link 2024-05-16T11:21Z 17.8K followers, [---] engagements

"6 There is no correct answer A person with slight risk-aversion might not want to invest totally in mutual funds For them a good solution would be to strike a balance between both prepayment & investing in mutual funds Let's talk with an example👇"
X Link 2024-05-16T11:25Z 17.8K followers, [---] engagements

"7 Illustration Suppose you receive additional funds of [--] Lakhs as inheritance You currently have a housing loan outstanding of the same amount (interest rate of 9% p.a.) with [--] years pending👇"
X Link 2024-05-16T11:26Z 17.8K followers, [---] engagements

"IT dept is sending out tax notices to NRIs who sold property in India🤯 And did not pay capital gains tax or file an ITR All on NRIs taxation A thread🧵👇"
X Link 2024-05-20T10:18Z 17.8K followers, 33.8K engagements

"@bob_7723 Thank you. Follow us more such insightful content :)"
X Link 2024-05-21T05:08Z 17.7K followers, [--] engagements

"Selling cryptos/NFTs You might get 20% lesser amount than market rate due to TDS🤯 But here's how you can ensure lesser TDS deduction A thread.🧵👇"
X Link 2024-05-23T12:37Z 17.8K followers, [----] engagements

"1 194S 🔸This section is for deduction of tax at source (TDS) on transfer of a virtual digital asset (VDA) 🔸VDA means any code token or information generated through cryptographic means like BTC (Bitcoin) NFTs etc 🔸Applicable w.e.f. 1-7-2022📆"
X Link 2024-05-23T12:38Z 17.8K followers, [---] engagements

"2 Who will deduct TDS A person who is paying any sum for transfer of a virtual digital asset (VDA) to any resident 🔸TDS will be applicable at 1% 🔸So if V (USA) is paying H (India) [--------] for transfer of BTC 🔸Then V shall deduct 1% i.e. [--------] * 1% = 1L"
X Link 2024-05-23T12:38Z 17.8K followers, [---] engagements

"3 TDS is applicable @20% if👇 PAN is not submitted to the respective person✅ So if A sells BTC to B in normal scenarios TDS will be at @1% But in case PAN is not available in above transaction TDS will be levied at @20%"
X Link 2024-05-23T12:39Z 17.8K followers, [--] engagements

"@20 @1 [--] TDS not applicable if 🔸Amount is payable by a specified person & value does not exceed [-----] during the FY 🔸Amount is payable by other than a specified person & value does not exceed [-----] during the FY But who is a specified person👇"
X Link 2024-05-23T12:39Z 17.8K followers, [--] engagements

"@20 @1 [--] Specified Person 🔸Individual/HUF whose gross receipts/turnover from the business/profession does not exceed 1cr (business)/50L (profession) During the FY immediately preceding the FY in which VDA is transferred 🔸Also individual/HUF not having any income under PGBP"
X Link 2024-05-23T12:39Z 17.8K followers, [--] engagements

"1 Introduction on premature withdrawal of SGBs 🔹Tenor of SGB is [--] years but premature redemption is allowed after 5th year from the date of issue ✅ 🔹SGBs are tradable on stock exchanges"
X Link 2024-05-24T11:52Z 17.8K followers, [---] engagements

"2 What if you sell SGBs before maturity🧐 Irrespective of whether you purchase SGBs from RBI issue or through secondary market if holding period is: 🔸3 yrs: Short-term as per slab 🔸3 yrs: LTCG @ 20% post indexation Gains on waiting until maturity will be exempt"
X Link 2024-05-24T11:53Z 17.8K followers, [---] engagements

"ITR deadlines do not extend People miss deadline at times due to insufficient documents🔻It attracts late filing fee🥵 Sharing all the relevant documents that you need to file an ITR For salaried F&O traders & proprietors. Bookmark this now A thread🧵👇"
X Link 2024-05-25T13:00Z 17.8K followers, 19.9K engagements

"1 What documents are required for a salaried person to file tax return 🔹Valid PAN & Aadhaar card 🔹Form 16; Salary slips 🔹Tax-saving Investment Proofs 🔹Health Insurance Premium Receipts 🔹Proof of capital gains"
X Link 2024-05-25T13:00Z 17.8K followers, [----] engagements

"2 What documents are required for a F&O person to file tax return 🔹Form [--] & 26AS 🔹PAN & Aadhar card 🔹Trading a/c statement from broker 🔹AIS 🔹Capital gains/Tax P&L statement from brokerage firm 🔹Bank statement (interest received 10000)"
X Link 2024-05-25T13:01Z 17.8K followers, [----] engagements

"3 What documents are required for a business tax return It depends on constitution of the business👇 For non-audit cases of proprietorship: 🔹GST Turnover 🔹Purchase value & Closing stock value 🔹Sundry debtors & creditors value (as of 31st March) 🔹Bank statements👇"
X Link 2024-05-25T13:01Z 17.8K followers, [----] engagements

"4 What about other cases In addition to above documents: 🔹Balance Sheet 🔹Digital signature 🔹Stock market-related information if invested 🔹Shareholder details 🔹Partner details 🔹Tax saving investments etc"
X Link 2024-05-25T13:01Z 17.8K followers, [----] engagements

"5 Is it possible that I sell my house & invest that amount in shares/mutual funds👇 And avoid capital gains tax in India No tax can be avoided only if you are investing the proceeds in buying or constructing another residential house🏘 Within the time stipulated u/s 54✅"
X Link 2024-05-25T13:02Z 17.8K followers, [---] engagements

"ED recently arrested an accused in a [---] crore TDS refund fraud case🤯 There was evidence of fraudulently generating & issuing [--] TDS refunds from the I-T department Ever wondered how TDS helps reduce tax evasion Heres how👇A Thread.🧵"
X Link 2024-05-27T12:55Z 17.8K followers, [----] engagements

"3 What if Mr W earns [-------] but doesnt pay any tax Here is where TDS comes in👇 The buyer in this transaction deducts tax for example at 1% & deposits it to the government✅ So buyer pays Mr W: [-------] - 1% * [-------] = 4950000👇"
X Link 2024-05-27T12:56Z 17.8K followers, [---] engagements

"4 How is it beneficial TDS reduces the likelihood of people or firms underreporting income👇 By ensuring the government gets its share of taxes upfront TDS shifts the responsibility of tax deduction to the payer🔁 This makes them accountable for deducting taxes✅"
X Link 2024-05-27T12:56Z 17.8K followers, [---] engagements

"5 What if TDS is not deducted Following penalties & levy of interest will be attracted 🔸Section 271C for TDS non-deduction/non-payment 🔸Levy of interest u/s [---] with sec 201(1A): At 1% p.m./part of month for non-deduction At 1.5% p.m./part of the month for non-payment✅"
X Link 2024-05-27T12:56Z 17.8K followers, [---] engagements

"6 Benefits 🔸Stops people from tax evasion 🔸Government receives an uninterrupted stream of income 🔸Tax Collection Agencies & Deductors burdens of accountability are reduced 🔸Convenient for taxpayers as the tax is automatically deducted"
X Link 2024-05-27T12:56Z 17.8K followers, [---] engagements

"1 Mahila Samman Savings Certificate It is a small savings scheme especially for female investors which was introduced during Budget [----] A one-time scheme available for [--] years (April 2023-March 2025) ➡Guardian of a minor girl can also avail this scheme👇"
X Link 2024-05-28T12:15Z 17.8K followers, [---] engagements

"2 Why invest The amount deposited earns an annual interest rate of 7.5% p.a. compounded quarterly At the time of making an investment the following limits apply: 🔹Minimum investment: [----] 🔹Maximum: 200000"
X Link 2024-05-28T12:15Z 17.8K followers, [---] engagements

"1 You need these documents👇 🔹Valid PAN 🔹Aadhaar number 🔹Valid mobile number👇"
X Link 2024-05-29T09:47Z 17.8K followers, [--] engagements

"2 Step [--] 🔹Go to e-filing Portal Login On dashboard in profile section under Link Aadhaar to PAN option 🔹Click Link Aadhaar There is one more way i.e. click link Aadhaar in personal details section👇"
X Link 2024-05-29T09:47Z 17.8K followers, [---] engagements

"5 Step [--] How to view the status after a few days 🔹On your Dashboard click on Link Aadhaar Status If Aadhaar is already linked the Aadhaar number will be displayed If Aadhaar is not linked Link Aadhaar Status is displayed👇"
X Link 2024-05-29T09:48Z 17.8K followers, [--] engagements

"6 You will have to pay [----] before linking Here is how to pay👇 🔹Visit the e-Filing Portal click on Link Aadhaar (in Quick Links) Enter PAN & Aadhaar No. Click on Continue to Pay Through e-Pay Tax 🔹Enter & confirm PAN & add your mobile no. to receive OTP✅"
X Link 2024-05-29T09:48Z 17.8K followers, [---] engagements

"4 X makes investment of [------] For the purchase of new residential house property in the name of his wife Mrs X And claims exemption u/s 54F✅ Is it allowed No❌"
X Link 2024-05-31T13:35Z 17.8K followers, [---] engagements

"5 Why so In a judgement passed by the authorities if the residential property is bought in spouses name👇 54F exemption can't be claimed by the assessee❌ In above example X will not be allowed any exemption u/s 54F & will have to pay capital gains tax on such sale✅"
X Link 2024-05-31T13:35Z 17.8K followers, [---] engagements

"Did you know🤔 On employing new people you can claim 30% Income Tax deduction 🤯 Here's how A thread.🧵👇"
X Link 2024-06-01T11:45Z 17.8K followers, [----] engagements

"4 Yes in the following cases 🔹There is no increase in no. of employees as on last day of preceding year 🔹Emoluments are paid otherwise than By a/c payee cheque or A/c payee bank draft or Electronic clearing system through bank a/c or as prescribed👇"
X Link 2024-06-01T11:47Z 17.8K followers, [---] engagements

"5 Are employees in the 1st year of business additional employees Emoluments paid to those employed during PY shall be deemed to be additional employee cost✅ How much tax deduction is available 30% deduction is available on additional employee cost for [--] consecutive AYs👇"
X Link 2024-06-01T11:47Z 17.8K followers, [---] engagements

"Unverified ITR = Invalid ITR🤯 Penalties up to [----] for not verifying ITR within time limits A thread on [--] easiest ways to e-verify ITR🧵👇"
X Link 2024-06-03T09:20Z 18.3K followers, [----] engagements

Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing