Whenever I look to buy a course to learn something, the biggest turn off words for me are “Masterclass” and “Bonuses”

Extension coming at 10.06pm for one day after people were tirelessly posting issues on social media since morning. Why this couldn’t have come at 6pm?

This is not the first time but happens every single time when portal behaves bad.

Out of office hours do not apply to taxpayers…

If you already live a comfortable life, then choosing to make more money but live a worse daily life is a bad trade.

And yet, we talk ourselves into it all the time. We take promotions that pay more, but swallow our free time. We already have a successful business, but we break…

Do you ever find yourself wanting to work rather than taking a planned vacation?

Notification 07/2024 has been issued for Waiver of Interest of specifically 4 companies (all registered in West Bengal) citing that these Registered Person could not file return by due date because of TECHNICAL GLITCH and has sufficient Balance in Cash ledger or has deposited the…

If you're transferring assets to your HUF

↪️Without consideration/Gift; or,
↪️ Inadequate consideration (i.e. at a value less than fair market value)

#IncomeTax

Dear GST Tech, Einvoice excel is not downloadable since 3rd april. We have strict deadlines by CBIC of 11th, without reconciling it with books, G1 is impossible. It needed ASAP. Don't expect grievance, issue is in every login.
CBIC Ministry of Finance National Informatics Centre Services Inc.

Ideal life: Startup work culture + Corporate salary + Govt job perks.

Can you issue shares of a private limited/closely held company at a value lesser or higher than fair market value?
Yes, you can, but it comes with these income tax implications!

Startups, Watch Out!

#IncomeTax

Everybody is posting today about the 2011 WC win and I feel more bad for the 2023 WC loss.

#Throwback

If you’re in a job, ask your employer to contribute to NPS if they are not doing it.
This will help you get deduction under section 80 even in the new tax regime.
The best time to start this is now for the new financial year 2024-2025.

#IncomeTax

ULIPs. 😄

Some people are now saying that finance ministry should bring some deductions in the new tax regime and scrap off the old tax regime.

In that case, why did we need new tax regime at the first place?

Opt in and opt out drama every year.

IMO, The ministry could have simply…

This is one of the reasons new tax regime was introduced wherein deductions and exemptions are very very limited.

Going forward, old tax regime will be completely removed in few years.

#IncomeTax

Last date to file an updated income tax return for Financial year 20-21 (Assessment year 2021-2022) is 31st March 2024.

If you earned gross income (before deductions) of more than 2.5 Lakhs & did not file your tax return earlier, you should file it now.

So, if your earnings…

Benefit of paying advance tax on time and what you can still do before 31st March 2024.

#IncomeTax

Just another day and I saw a video teaser around buying vs renting a house.

This never gets old or boring for influencers. 😂

Yes, You can still save some INTEREST on paying your ADVANCE TAX by 31st March, 2024.

This is only applicable if your advance tax liability exceeds Rs. 10k.

Interest for not paying advance tax on time is levied under two sections:

1. Section 234B - (1% Interest per month is…

Truly, the most difficult thing to do when it comes to food, fitness or finance is to keep it simple.