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Everyone thinks Direct Plans save money.
But the real math will SHOCK you.
I explained it in simple English here 👇
https://www.linkedin.com/posts/srikanth-matrubai-93b28014_dontretirerich-activity-7401579640722669568-qGPP?utm_source=share&utm_medium=member_desktop&rcm=ACoAAALjJT8Bm-qQTMD1dI2o3MMdPfHnENBLiSM
What’s STILL Allowed in New Tax Regime (FY 2025–26) ✅
• Standard Deduction: ₹75,000 (salaried & pensioners)
• Employer’s NPS contribution: up to 14% of salary
• Family pension deduction: up to ₹25,000
• Employer benefits still tax-free:
– Gratuity (₹20L)
– Leave encashment (₹25L)
– VRS (₹5L)
• Home loan interest only on rented property (against rent)
• Capital gains exemptions (54 / 54EC / 54F) continue
KIND ATTENTION TAXPAYERS!
Did you receive a gentle reminder from the Income Tax Department?
It’s part of NUDGE 2.0, helping taxpayers correctly report foreign assets/income.
Kindly review your ITR → check Schedules FA & FSI → file revised return by 31 Dec 2025 (if required)
Don’t Delay. Check, Correct and Comply today!!
Question:
I am 60, retired, and under financial stress. My nephew sends me ₹60,000 every month to help with my expenses. I have no other income.
Do I have to pay tax on this money? Is this treated as my income?
✅ Answer (
In India, gift tax works on the person receiving the money, not the person giving it.
1️⃣ Gifts up to ₹50,000 a year → Fully tax-free
If all the gifts you receive in a year total ₹50,000 or less, you pay no tax.
2️⃣ But if gifts cross ₹50,000 → The entire amount becomes taxable
If you receive more than ₹50,000 in a year,
👉 the whole amount is treated as your income,
not just the amount above ₹50,000.
👨👩👧👦 Who are “relatives” for tax exemption?
Gifts from certain close relatives are always tax-free, no matter the amount.
These include:
Parents
Children
Siblings
Spouse
Uncle/Aunt (both maternal and paternal) giving to nephew/niece
But this exemption is one-way in some cases
If an uncle or aunt gives money to nephew/niece → Tax-free
If a nephew or niece gives money to uncle/aunt → Not tax-free
December vibes: holidays, goals, and year-end wins! 🎄
📊 Stay ahead of the game with TaxBuddy's calendar.
File those taxes, plan your finances, and ring in the new year stress-free 🎁💸
A Will doesn’t need registration — but registration gives it real strength.
It cuts down future disputes, reduces chances of tampering, and offers clarity your family will thank you for.
And remember — if you own property in Mumbai, Chennai or Kolkata, your Will may need probate, which can delay things unless everything is drafted cleanly.
My advice?
Create a proper Will, register it, keep a doctor’s fitness certificate, and ensure all assets are listed clearly.
It’s the simplest act of love you can leave behind.
#DontRetireRich
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What Happens When a Hindu Woman Dies Without a Will?
1️⃣ Husband & Kids Alive:
Property is divided equally between husband and children.
2️⃣ Husband Alive, No Kids:
Husband gets everything.
3️⃣ Parents Only (Unmarried, No Kids):
Property goes to her own parents.
4️⃣ Husband & Kids Not Alive:
If property came from her parents → goes to her father’s heirs.
If from husband/in-laws → goes to husband’s heirs.
5️⃣ Husband Not Alive, No Kids:
Her parents inherit only if property came from them.
Else, husband’s family gets it.
💡 Moral:
If you’re a woman, please make a WILL.
Else, even your hard-earned assets may go to your in-laws, not your parents. #DontRetireRich
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https://www.moneycontrol.com/technology/chatgpt-can-no-longer-offer-medical-financial-or-legal-guidance-says-report-article-13650439.html
Good.
Long overdue
The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income under sub-Section (1) of Section 139 of the Act for the Assessment Year 2025-26, which is 31st October 2025 in the case of assessees referred in clause (a) of Explanation 2 to sub-Section (1) of Section 139 of the Act, to 10th December 2025.
The 'specified date' of furnishing of the report of audit under the provisions of the Income-tax Act, 1961, for the Previous Year 2024-25 (Assessment Year 2025-26) is further extended to 10th November 2025.
Press Release Issued.
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The taxation on gold mutual funds depends on the holding period.
For investments held for 12 months or less, gains are taxed as short-term capital gains (STCG) at your applicable income tax slab rates.
For investments held for more than 12 months, gains are taxed as long-term capital gains (LTCG) at a flat rate of 12.5% without any indexation benefit.
You can invest in PMS with just ₹10 lakhs… but only if you have a secret key:
Accredited Investor Status.
What is it? How do you get it? Why does it matter NOW?
👉 All revealed in this video: https://youtu.be/VqQH455XRzU
*India Population :- 146 Crore*
✅Total Aadhar ( net of cancelled) issued : 141 Cr
✅Total PAN issued : 80 Cr
✅Total PAN Aadhaar Linked : 52.69 Crore
✅Total Reg PAN in E filing : 11.93 Crore
✅No of ITRs filed : 7.30 Crore
✅ No of Zero Return File : 4.90 Cr
✅Filers who actually pay Tax : 2.40 Crore
🎯Less than 2 % of the population actually pays Income Tax
People don’t lack intelligence. They lack clarity. Here’s proof from a corporate session 👇
https://www.linkedin.com/posts/srikanth-matrubai_financial-wellness-session-corporate-india-activity-7406261530322702336-M3tP
What’s STILL Allowed in New Tax Regime (FY 2025–26) ✅
• Standard Deduction: ₹75,000 (salaried & pensioners)
• Employer’s NPS contribution: up to 14% of salary
• Family pension deduction: up to ₹25,000
• Employer benefits still tax-free:
– Gratuity (₹20L)
– Leave encashment (₹25L)
– VRS (₹5L)
• Home loan interest only on rented property (against rent)
• Capital gains exemptions (54 / 54EC / 54F) continue
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Found gold in a parent’s locker? Before you sell, read this
https://srikavimoney.blogspot.com/2025/11/found-gold-in-ammas-locker-heres-tax.html
https://www.linkedin.com/posts/srikanth-matrubai-93b28014_found-gold-in-ammas-locker-heres-the-share-7400059811977052161-VBJd?utm_source=share&utm_medium=member_desktop&rcm=ACoAAALjJT8Bm-qQTMD1dI2o3MMdPfHnENBLiSM
Found gold in a parent’s locker? Before you sell, read this
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*Please consult your auditor before making any decisions.*
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Reinvesting Capital Gains = BIG Tax Savings!
If you sell your property, shares, or gold — you can save tax by reinvesting the money in a new house 👇
🏠 Section 54 – For property sellers
1. You sold a flat/land? Buy another house within 2 years or build within 3 years.
2. You need to reinvest only the profit (capital gain).
3. No limit on how many houses you already own.
💰 Section 54F – For shares / mutual funds / gold
1. Reinvest entire sale amount (not just profit) in a house.
2. You must not own more than one house already.
⚠️ Conditions:
1. If you sell that new house within 3 years, tax benefit goes away.
2. Max exemption: ₹10 crore.
3. Can combine 54 & 54F, but each has separate rules.
4. You can buy land, but must build a house within 3 years.
5. If builder delays the flat slightly, courts may relax the rule.
6. You can even use money to repay home loan for the new house.
📅 Debt mutual fund gains? Only those bought before Apr 2023 qualify. #DontRetireRich
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https://m.economictimes.com/wealth/legal/will/maternal-grandchildren-have-no-birthright-in-ancestral-property-bombay-hc-clarifies-hindu-succession-act-scope/articleshow/124797780.cms
👆
I think that's the way it should be.....as the honourable court itself said..."AVOIDS DOUBLE DIP"
Data Cherry Picking is big business and indeed many fall for this and lose many wealth creation opportunities.
WhatsApp has made Gold the Hero but does it deserve to be the hero ?
Check my blog for complete details
https://srikavimoney.blogspot.com/2025/10/equity-is-not-villian-and-gold-is-not.html
India’s net direct tax collections have SURGED 6.33% year-on-year to reach ₹11.89 lakh crore as of Oct12.
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