Taxation
198 Threads
🚨 Major Capital Gains Tax Changes in India! 🚨 The Income Tax Bill, 2025 revamps Capital Gains Tax rules like never before! If you invest in stocks, mutual funds, real estate, sta...
How Billionaires avoid paying taxes. (A thread)
A simple hack helps you save tax on #stocks and #mutualfunds. Here’s what you do: - Sell your investments - Book profits & losses - Repurchase immediately This is called Tax Har...
A small thread on HUF law. Request you to retweet for wider benefit. An HUF or Hindu Undivided is unique concept under the Income Tax Act. Only a Hindu can have an HUF. In additio...
How many Indians earn more than Rs 10 lakh a year? The answer is 81 lakh in FY21, according to a Lok Sabha reply filed today. In FY15 it was just 22.5 lakh, which implies growth of...
How do I save taxes above 50,00,000 income? • Not hiding income • Not spending too much time • Not trading in multiple accounts simultaneously It's the same process that the top...
A record of taxes collected from the Bengal, Bihar and Orissa subahs in Shah Jahan's time gives a total of 2cr Rupees in ~1630s. After East India Co seized the rights to tax, they...
Old or new? Which tax regime is better after Budget 2023-24. Read the thread to know more ⬇️ #BudgetSession #Budget2023
Direct tax contributes ~30% to the Union Budget. Out of every ₹100 that a state pays in direct tax, how much direct tax does it get back? Why does Maharashtra get back ₹7, UP get...
"Standard Deduction is only for those earning ₹15.5L+" Busting all myths on Personal Taxation from #Budget2023 👇
🔸New (Revised) vs Old Tax Regime - Which one to chose?? Wondering which would be more beneficial for you - New or Old?? 🤔 Let's answer that in a Simple, Easy to Understand way!!...
Thank you #FinanceMinister for the BIGGEST blow to the #MiddleClass #Salaried #TaxPayer !! 400% INCREASE in TAX OUTGO !! #Modinomics (In know this comparison is Not PRACTICAL b...
Here is a thread to explain what is best suitable for you between old regime & new regime. Assumptions: 1. You have a salary income and not biz income. 2. You are an individual. 3...
Misinformation. Not just logical, even this interpretation is misleading on many accounts. You can’t compare OTR with revised NTR. So nothing has been “reduced”. Both has specific...
Change in Income Tax slab - FAQ 1. When there is tax of 10% on Rs 6-9 lac slab then how tax is 0 up to Rs 7 lac ? Under section 87a, Govt is giving rebate on tax so if ur annul i...
“Which tax regime is better – old or new?” We did a detailed calculation of which tax regime makes sense for salaried professionals. Here's a decision tree to make it easier for y...
Land value plays a big role in real estate When buying a property, the purchase price is split between land value and building (or improvements) value The building 'depreciates',...
Dear Canadians, it’s the RRSP season and you probably must have heard about RRSP loans. I understand it can be confusing. What's an RRSP loan? Do you need it? Should you take it if...
If you don't understand taxes, you'll never be truly wealthy. Owning a small business is the best tax deal in America. Here's everything you need to know about how to leverage...
Tax Rules on CASH💔BACKs A must read Thread 🧵 Received any kind of monetary benefit as Cashback on personal spends via either of Credit Card, Debit Card, UPI, Mobile Wallets and c...
Don't overpay your taxes: If you own a business & have kids under 18, pay them $13,850 tax-free & deduct it from your taxable income Your child will owe $0 tax & you avoided tax...
Living in India & Planning to buy shares of Google, Apple, Amazon, Microsoft & Tesla? Know tax implications around foreign stocks. A thread
In the last 4 years, I've paid ~$80K of federal tax on ~$1,000,000 of W2 income. That’s an 8% tax rate. The secret? Qualifying my spouse as a Real Estate Professional. A threa...
I don’t think the tax rate is too unreasonable relative to what I make. The frustration lie in the fact that our tax money isn’t put to better use. To be fair though, the rich like...
