Here's a master thread of threads on all things tax and finance!
Everything you need to know in one place 🧵
Please retweet and share 🚀
1/ What is income tax? Why do you have to pay tax at all?
Income tax 101 for beginners
2/ Tax filing websites are excellent.. if you know what you are doing.
Here's 9 times you might want to avoid a tax filing website.
3/ Paying advance tax can actually save you money. Here's how
4/ The pain of choosing an ITR
Next time you're confused about whether you should file ITR 1 or ITR 2 or ITR 3 or ITR 4, this is all you need
5/ House rent allowance master thread
Use HRA for tax planning?
6/ Tax saving investments - 80C
Don't be confused next time someone asks about the investment declaration. Here's all the investments you can make to save tax.
7/ Medical insurance can also save you tax.
Here's how you can claim a deduction under 80D for mediclaim.
8/ Gifting money to a relative? Pay no tax
9/ Have relatives in the US? Here's how you should plan your gifts to ensure minimal tax and reporting
10/ Capital Gains cheat sheet? We've got you covered
11/ A comprehensive guide to tax for freelancers
This applies to all contractors, freelancers and remote workers. Thank us later :)
12/ The legend of Section 44ADA -
Here's how you can use the presumptive taxation scheme to effectively half your tax rate.
13/ Use a letter of undertaking to save on GST
Here's everything you need to know about an LUT
14/ Trading in futures and options? There's a peculiar tax problem you need to know about.
Tax audit might become applicable in a lot of cases.
15/ Looking to purchase a property?
TDS implications are important to remember.
16/ Selling your property? It can be stressful.
Here's how capital gains works (and pro-tips on how you can reinvest the money to save tax)
17/ Planning to leave India soon? Here's a checklist for you.
18/ Returning to India soon? We made a checklist on all the points you need to keep in mind.
19/ Returning from the US? This tax saving maneuver might save you thousands of dollars in tax.
20/ How does a Double taxation avoidance agreement (tax treaty) work?
It's not a magic wand - but it does help!
21/ Receiving RSUs as part of your salary? These are treated slightly differently from regular Indian ESOPs.
22/ Want to understand the EPF component in your salary?
These 4 points tell you all you need to know.
23/ Clubbing of income - The perils of gifting money to your spouse or children.
For more such threads of finance and tax, follow @manansmehta5 🚀
Lots of threads still on the way 😉
24. Crypto compliance 101 - Everything you need to know.
25. What to do if you accidently made Intra-day trades?
How to navigate filing an ITR:
26. Universal basic income might be a fundamental change to how human society operates.
And it may be humankind's biggest achievement
27. A lot of people are considering investing through @joinrepublic. Here's an analysis from an Indian perspective:
28. Are you an NRI looking to transfer money overseas? Don't fret when a bank asks you for a 15CA and 15CB:
29. If you're making investments overseas, you should know about the Liberalized Remittance Scheme.
Don't forget to account for TCS when you do your workings 👇
30/ A primer on the Bitcoin Whitepaper and why you need to pay attention to #Bitcoin
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.