https://youtu.be/OObgOZwp_Rk?si=SjrfHU0kVM_p2jVW
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WEALTH WISDOM
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What happens to credit card debts when you pass away. Short answer, they can be recovered from your estate.
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If you get gifts from family they are tax-exempt. But maintain proof or you'll get taxed anyway.
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Its Raining Deals ...
Amazing Deals
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*Your Next International Trip just got cheaper! ✈️*
Earlier: 5% -20% TCS on overseas tour packages
Now: TCS reduced to 2%
- Means lower upfront payment while booking trips
- Less money stuck, more cash in hand
- Big relief for middle-class travellers & families
🚨 *PART B: New Income-tax Act, 2025 replacing the old Income-tax Act, 1961 comes into force from 1 April 2026.*
*SNIPPET 1*
Title: New Income-tax Act from 2026
What the law says:
A completely new Income-tax Act, 2025 replaces the old Income-tax Act, 1961. It applies to the whole of India and comes into force from 1 April 2026.
What it means for you from 01-04-2026:
From financial year 2026-27 onwards, all taxpayers—
* salaried persons,
* business owners,
* professionals,
* senior citizens
* and investors—will be governed by this new law, not the 1961 Act.
The intention is simpler language, fewer sections, and easier compliance, not higher tax rates.
Example:
* Income earned during 1-4-2026 to 31-3-2027 will be taxed strictly as per the Income-tax Act, 2025, even though earlier years were governed by the 1961 Act.
*SNIPPET 2*
Title: Goodbye “Assessment Year”, Hello “Tax Year”
What the law says:
The confusing concepts of “Previous Year” and “Assessment Year” are removed.
A single term “Tax Year” is introduced, which normally means 12 months starting from 1 April.
What it means for you from 01-04-2026:
You no longer have to remember two different years for income and assessment.
Income is earned, taxed, and referred to in the same Tax Year, making understanding and filing returns easier.
Example:
Income earned from 1-4-2026 to 31-3-2027
➡️ Tax Year: 2026-27
➡️ Return filed for Tax Year 2026-27
(No separate “Assessment Year 2027-28” confusion anymore.)
*SNIPPET 3*
Title: Tax Year Can Be Shorter Too
What the law says:
In some cases, a Tax Year may be shorter than 12 months, such as when a new business starts or a new income source begins during the year.
What it means for you from 01-04-2026:
If you start a business, profession, or new income mid-year, tax will apply only from that start date, not for the full year.
Example:
A freelance consultant starts work on 1-10-2026
➡️ Tax Year: 1-10-2026 to 31-3-2027 (6 months only)
➡️ Income before 1-10-2026 is not taxed as business income.
If you are planning to sell your Gold or Silver funds
You MUST compulsorily read this
https://www.linkedin.com/posts/srikanth-matrubai_gold-silver-investors-dont-let-the-panic-share-7423594931262480384-IzjC?utm_source=share&utm_medium=member_desktop&rcm=ACoAAALjJT8Bm-qQTMD1dI2o3MMdPfHnENBLiSM
Why old tax regime still works for some taxpayers
https://www.moneycontrol.com/news/business/personal-finance/why-old-tax-regime-still-works-for-some-taxpayers-13774315.html
https://youtube.com/shorts/x1thiwYm4ro?feature=share
“Iran–Israel war is scaring investors… but what smart investors are doing right now is very different.”
https://youtu.be/Sl_pQ22zjl8
Market Down 1700 Points! What to do now??
TAX HARVESTING CLARIFICATION
Many investors get confused between tax rate and type of income.
Just because a gain is taxed at your slab rate doesn’t mean it stops being a Capital Gain. Think of income tax like different buckets — salary, business income, capital gains. Even if the tax rate inside the bucket changes, the bucket itself doesn’t change.
#WealthOfWisdom
So if you sell stocks or equity mutual funds at a short-term loss, that Short-Term Capital Loss (STCL) can be adjusted against any capital gain — whether it comes from equity, gold funds, debt funds, or even property.
Example:
If you have ₹1 lakh loss in stocks and ₹1 lakh gain in a Gold Mutual Fund, your net taxable gain becomes zero. One cancels the other.
Where investors must be careful is this rule:
Long-Term Capital Loss can be adjusted only against Long-Term Capital Gains.
Also remember the recent difference in gold taxation:
• Gold ETF: Long-term after 12 months
• Gold Mutual Fund (FoF): Long-term after 24 months
If sold earlier, the gain is still a capital gain, but taxed at your slab rate.
The simple insight: before March 31, look at your portfolio calmly. Sometimes selling one red investment can quietly reduce the tax on a green one.
Smart investors don’t just manage returns.
They also manage tax efficiency.
Srikanth Matrubai | ARN-51423
AMFI Registered Mutual Fund Distributor
*Disclaimer: Investments are subject to market risk. Please read all documents carefully before investing.*
#DontRetireRich
Advance Tax Deadline – March 15
Advance tax means paying your income tax during the year instead of paying everything at the end.
If your total tax liability exceeds ₹10,000 (after TDS/TCS), you must pay advance tax. This applies to salaried individuals with capital gains, rental income, interest income, freelancers, professionals and businesses.
Exception:
Senior citizens above 60 years with no business or professional income are exempt.
Advance tax instalments:
• June 15 – 15%
• September 15 – 45%
• December 15 – 75%
• March 15 – 100% (final payment)
If you miss it:
Interest of 1% per month under Sections 234C and 234B may apply.
Simple takeaway:
Ensure at least 90% of your total tax is paid by March 31 to avoid extra interest.
Perfect video to watch in these times
(posted 10 months back)
https://youtu.be/8GBlU0ImNqw?si=p2lfnxo7QGsf00bk
GST Collection Update – February
Gross GST Revenue
• Total Gross Collection: ₹1,83,609 Cr
• Growth: ↑ 8.1% YoY
Year-to-Date (YTD)
• Gross Collection: ₹20,27,033 Cr
• Growth: ↑ 8.3% YoY
Net GST Revenue (After Refunds)
• Net Collection: ₹1,61,014 Cr
• Growth: ↑ 7.9% YoY
Refunds
• Total Refunds: ₹22,595 Cr
• Growth: ↑ 10.2% YoY
Moderate but steady tax growth trend continues.
https://t.me/joinchat/AAAAAFbeUyBHCnr4YRgmOg
News, tips, guide on INSURANCE from Experts across India
- Tax-Free Income: If your income is up to Rs 12 lakh per year, you don't have to pay any income tax.
- Understanding Tax Slabs: Tax slabs (starting from Rs 4 lakh) apply only if your income exceeds Rs 12 lakh.
- Income Above Rs 12 Lakh: - If you earn even a rupee over Rs 12 lakh, the slab rates come into play.
- You start paying tax according to the slabs on the entire taxable income.
- Tax Rates: - 5% tax on income from Rs 4 lakh to Rs 8 lakh.
- 10% tax on income from Rs 8 lakh to Rs 12 lakh.
- 15% tax on income from Rs 12 lakh to Rs 16 lakh.
- Example: - If your taxable income is Rs 12.1 lakh, your tax liability would be Rs 61,500.
- Rebate Clarification: - The Rs 12 lakh rebate only applies if your income does not exceed this amount.
- If you have more than Rs 12 lakh, you pay the usual taxes as per the above slab rates.
#DontRetireRich
The government collects about ₹63,670 crore as STT.
That’s almost half of what retail investors lose every year in F&O.
If higher taxes actually stopped bad behaviour,
there would be no alcohol or cigarettes sold in India.
STT was originally introduced in 2004 as a trade-off —
*no LTCG tax on listed equities*.
Today, we have STT + LTCG + short-term tax — all together 🙂
The real problem isn’t tax or no tax.
The problem is confusing trading with investing.
Taxes don’t fix behaviour.
Education, asset allocation, and process do.
#DontRetireRich
🚨*How much tax you’ll pay this year under the new regime?*
New income tax regime keeps zero tax up to ₹12 lakh (effectively ₹12.75 lakh with deductions).
*Slabs for FY26:*
₹0 – 4 lakh → Nil
₹4 – 8 lakh → 5%
₹8 – 12 lakh → 10%
₹12 – 16 lakh → 15%
₹16 – 20 lakh → 20%
₹20 – 24 lakh → 25%
Above ₹24 lakh → 30%
Note- Senior citizen exemptions increased (higher tax‑free limits).
🚨 *Govt Increased STT on Future & Options*
• Future : 0.02% 0.05%
• Options : 0.10% To 0.15%
Another Big Blow To F&O Traders in India
Buying property in India as an NRI is not an emotional decision — it’s a due-diligence test.
Rental yield, title clarity, taxes, RERA, currency impact & management — miss one, and returns silently leak.
Homes don’t create wealth by default… discipline before purchase does.
