Income Tax Dept is Watching These 10 Moves! 🚨
Stay Alert, Stay Compliant 👇
1️⃣ Cash deposit in Savings A/c – ₹10L or More
2️⃣ Cash deposit in Current A/c – ₹50L or More
3️⃣ Credit Card Bill (cash pay) – ₹1L or More
4️⃣ Total Credit Card Bill by any other mode– ₹10L or More
5️⃣ Property Buy/Sell – ₹30L or More
6️⃣ Fixed Deposit – ₹10L or More
7️⃣ Foreign Travel / Forex – ₹10L or More
8️⃣ Shares / Bonds Investment – ₹10L or More
9️⃣ Cash Gift w/o Proof – More than ₹50K
🔟 Cash received from 1 person/day – ₹2L or More.
Had a powerful conversation with RJ Sowjanya—where we broke down myths around SIPs, gold, and what truly creates long-term wealth. No jargon, no complexity… just real, practical insights you can act on.
If you want clarity—not confusion—on your money journey, this one is worth your time.
🎥 Watch here: [Watch the Interview](https://www.youtube.com/watch?v=PEanPzKpfS4&utm_source=chatgpt.com)
Because one right understanding today… can change your financial life tomorrow. #DontRetireRich
HEALTH IS TRULY WEALTH
Stay healthy with these easy to follow Health tips
Best Telegram channel on HEALTH
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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
https://www.instagram.com/reel/DXLkmpdk11n/?igsh=MTJrcXplenJvcTRxZw==
How to invest Global Equity?
What is GIFT CITY?
Tax Advantages & much more
Interested in investing directly in stocks?
Here’s a quick and convenient link to get started with SMC Equity:
🔗 https://tinyurl.com/2476t5qf
Take charge of your equity journey—smartly, securely, and confidently! 📈😊\
I-T dept launches new TDS TRACES portal: How to access site, forms & what's new https://www.livemint.com/money/personal-finance/income-tax-dept-new-tds-traces-2-0-portal-taxpayers-i-t-act-access-website-form-16-submit-credits-download-certificate-11775906182983.html
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https://youtu.be/OObgOZwp_Rk?si=SjrfHU0kVM_p2jVW
Where should you invest now ??
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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
