Taxation
407 Threads
You can set off F&O losses against STCG or even interest. Intraday by contrast is classified as speculative income - cannot adjust against other heads. A useful guide by @Shiprasor...
87A Rebate - Mega Thread Ongoing major issue in Income tax Utility & Portal !! Request @IncomeTaxIndia @FinMinIndia @theicai and all the professionals (who gets deeply moved at f...
Are you reporting capital gains on shares or mutual funds in your income tax return this year? 📃 Here are some of the key points to note - from choosing an ITR form to understandi...
A common question we receive from clients is, “How much will I save in taxes this year if I buy real estate?” Here is a framework to think about how buying properties create the...
30-DAY INCOME TAX SERIES 📰Old vs New Tax Regime Confused about which Tax Regime to choose?🤔 - Old Regime with Deductions and Exemptions, or - New Regime with Lower Slab Rates,...
KRA RETURN TAX FILING - You have 1 day left ! Is it possible to file a Tax return without a P9? **The Answer is YES but on condition that all your income in the year of income...
The single best thing you can do to save money on taxes? Start a business... The US tax code is written to specifically favor business owners Let me show you how:
30-DAY INCOME TAX SERIES Taxation on Income from Foreign Markets Investing in foreign markets has become way easier today. As a result, many ITRs now include income from foreign...
30-DAY INCOME TAX SERIES Tax Deductions for Salaried Individuals- Part 2 In Part 1 of this 🧵, we explored deductions on investments, rent, medical expenses etc. Now, it's time...
30-DAY INCOME TAX SERIES Tax Deductions for Salaried Individuals- Part 1 Most people only consider Sec 80C for tax saving. However, you can reduce your tax liability further by c...
Many people (including parents) rely on bank interest for their expenses Bad news: Banks deduct 10% TDS on this, leading to delay in cash flows🥵 Good news: You have us! 🤩 Here's...
A running theme with this civic education exercise we’re conducting is that people at the ‘bottom’ (ie informal workers, unemployed & village farmers) think these new taxes won’t a...
Guys guys guys. We need to be serious about this Financial Bill nonsense. I think most of us haven't read it..and lemme tell you the things that are in there??? @WilliamsRuto you r...
CBDT notifies 56 types of Incomes & Expenses to be reflected in AIS of IT Portal (Detailed List below 🧵👇) 1. Salary 2. Rent received 3. Dividend 4. Interest from savings bank 5....
The Income Tax Department has rolled out a new functionality in the Annual Information Statement (AIS). What is this new buzz about AIS? This is all you should know as a taxpayer...
Finance Bill 2024 is out: · There's a clear effort in the bill to lean more towards Appropriations in Aid than we have seen in preceding Finance Bills · Medium-term Revenue Strate...
REVENUE NEUTRAL" Many times, GST Department issues Notices/Demand Order to us as to claim refund from one head and pay tax in another head. In my view, such transactions are Reve...
Planning to buy a property?🏡 Read this thread to know about TDS. Otherwise you may have to pay interest of 12% p.a.*📉 Even sellers need to read this to avoid 20% deduction from...
The biggest confusion right now is: "New Regime or Old Regime?" Sharing who should choose old regime and save lakhs of taxes [A thread🧵👇]
Canada is attempting to raise capital gains taxes. I've said this multiple times: Taxes will rise. Stock and real estate investors will be left holding the bag. The Canadian gov...
Taxes will be the biggest expense in your life so strategic tax planning is a must. Tax code is 75,000 pages and the wealthy use every page of it to legally avoid taxes. And you s...
Richest 21 Indians have more wealth than poorest 70 crore. Yet direct corporate tax was cut from 30% to 22% while indirect GST on daily purchases went up. Corporate tax collected...
🧵1/6 Ref: https://t.co/pKajimGpGQ Mr. Lerma: "The only avenue to re-open the IRS secret agreement of 1993, is buried in that same agreement." He then quotes this part of the IRS/SC...
We bought an Airbnb last year that brought in over $135,000 in revenue And we paid $0 in TAXES You can use the same methods we did for your Real Estate property too Here’s ho...
