Rajnish booked F&O loss and filed his ITR He was asked to pay a penalty of ₹1,50,000 Read this to know about when tax audit is applicable to F&O traders🧵👇

Narendra sold a car but had to pay tax on ₹20,80,000. Bombay High Court confirms it How does tax apply? How you can save it. Let’s break it down🧵👇

Filled ITR using wrong form and got a notice to pay 60% 🤯 Be careful while selecting ITR form, Wrong ITR Form → punitive demand. 🧵

Miss one disclosure in your ITR Your return might get defective For non-disclosure of foreign assets, ₹10 lakhs penalty may be applicable Here are 8 key disclosures you MUST not miss🧵👇

Sheela bought a new house but still lost her Section 54 exemption Why? Builder delayed the construction. The Department taxed her entire LTCG of ₹99.4 lakhs But here’s how she got partial relief 🧵👇

Seema got a tax notice of ₹2.58 Cr 🤯 Why? She claimed section 54 exemption instead of 54F Here's how her tax advisor helped her reduce her tax liability to ₹0🧵

Ravi, our client, was about to pay ₹66,000 extra in taxes on his F&O trading profits However, we helped him understand allowable expenses including depreciation of his laptop Here’s how smart planning can help you as a trader 🧵👇

Santosh’s tax consultant filed fake deductions in his ITR form Income-tax levied a penalty of ₹1,15,938 on him. But ITAT Pune reversed that order. A reminder that not all tax errors are intentional and poor advice can cost you dearly. Here's why 🧵👇

Myth: "New tax regime is the best for me." Reality: There are 8 uncommon deductions that can help you save ₹1,00,000+ in taxes🤯 Don't skip reading this before filing ITR this year🧵👇

In FY23, 60 lakh taxpayers claimed losses worth ₹77,808.7 Crores under house property head However, with 95%-97% of taxpayers are now going to shift to the new tax regime, This benefit is going to go away Here's all about house property taxation in the new regime🧵👇

Filing your ITR this year? One mistake can cost you a notice, a 50% penalty and 12% interest. Here are top 10 ITR filing mistakes to avoid when filing your ITR yourself 🧵👇 [Bookmark it and repost to spread awareness]

Ramesh received ESOPs from his startup. But when it came to taxes and ITR reporting and taxes - he was lost. Indian startup employees made ₹1,252 crores in 2024 from ESOP buybacks Here’s a simplified guide to understanding ESOP taxation and ITR reporting 🧵👇

Income-tax is raiding individuals for deduction claims They're cracking down on fake HRA, donation deductions, etc. using AI Over 40,000 taxpayers reversed fake deduction claims worth ₹1,045 crores🤯 Claimed fake deductions? Here's what income tax did and can do to you🧵👇

Soham was paying rent for one flat and paying EMIs for another While filing his declaration, he claimed HRA as well as interest on home loan deduction His employer denied and deducted TDS worth ₹1,03,745 more🤯 But here's how we got him a 100% refund🧵👇

Thought ULIPs gave tax-free returns? They come with higher expenses as well. Moreover, if you're investing ₹2.5L+ per year, you're not escaping tax anymore. Let’s decode the new rules around ULIP taxation 🧵👇

Rahul, an NRI got a tax shock of ₹59,904. He assumed, “My net income after deduction is within ₹12 lakhs. Hence, no tax.” There are more than 4.5 crore NRIs & OCIs. Read this to avoid any tax shock as an NRI 🧵👇

Abhishek, a salaried person, was asked to pay a penalty of ₹1,00,000 by income tax🤯 His mistake? 🤔 He paid ₹55,000/month in rent but didn’t deduct TDS🔻 Even salaried people need to deduct TDS at times. All about such provisions 🧵👇

Rahul, a full-time investor, made a profit of ₹7 lakhs from sale of shares. He assumed: “My income is within ₹12 lakhs. Hence, no tax.” He got a tax shock of ₹74,375. Read this to avoid any tax shocks🧵👇

Startups chase VC money ignoring free capital in form of Govt Grants ₹22,942 Cr has already been invested in startups under FFS scheme🤯 Many schemes like this don't even dilute your equity Before starting up, know about such schemes & tax benefits to a startup🧵👇

F&O traders in made losses worth ₹74,812 crores during FY24 However, they face further losses by not filing ITRs on time ITR deadline for FY25 (Sept 15, 2025) is approaching This thread is for 95.8 Lakh F&O traders to avoid penalties and set-off opportunities🧵👇