🚨 A Singapore-based NRI earned ₹1.35 crore from Indian mutual funds and paid ₹0 tax.

She claimed India–Singapore DTAA benefits.

Tax dept rejected it but ITAT Mumbai overturned the decision.

And NO capital gains tax in Singapore = ₹0 tax paid.

Every NRI should read this 👇 [1] The situation

🔸NRI woman earned ₹1.35 crore by selling Indian mutual funds
🔸She is a tax resident of Singapore
🔸Paid zero tax in India
🔸She received an Income Tax notice from India

NPS withdrawal rules have now been relaxed

Earlier, 40% of your money was not withdrawable at all* (annuity).

Now, this has been reduced to just 20%.

But one tax rule can still catch you off-guard at exit 👀

Is there a hidden catch? 👇🧵 [1] Who gets this upgrade

🔸 Non-government NPS subscribers

🔸 Applies to exits on superannuation/60, and also governs other exit cases

🚨The Income Tax Department sent a notice asking a taxpayer to justify haircut and perfume expenses.

This is not routine scrutiny anymore.

Here’s why it matters to every taxpayer👇🧵 [1] The Case

A tax notice asked a taxpayer to disclose:

🔸Monthly grocery breakup
🔸Haircut expenses
🔸Perfume spending
🔸Other personal lifestyle costs

Prasanna received ₹1.3 crores from NRI relative

It was tax exempt but income-tax slapped him with a ₹70 lakh tax demand notice

Why? Because he didn’t prepare a gift deed

Here’s what you need to know while receiving gifts from relatives 🧵👇 [1] Facts of the case

Prasanna received money from his brother-in-law, the money came through banking channels.

🔸 Relationship proved

🔸 Identity proved

🔸 Bank trail proved

Yet the tax officer refused to treat it as a valid family gift.

📌Good news for tenants in cities like Bengaluru and Mumbai.

The Home Rent Rules 2025 bring long-needed clarity to India’s rental market.

No more random rent hikes, 10-month deposits, or vague agreements.

Here’s how the new rules benefit both tenants and landlords 👇 [1] Mandatory registration

🔸All rent agreements must be registered within 60 days.

🔸Non-registration attracts a ₹5,000 penalty.

🔸Informal verbal agreements will no longer hold legal weight.

🚨Your next month’s take home salary may be reduced.

The new labour laws will change your basic salary and increase your PF deductions.

If you have EMIs or loans, you really shouldn’t miss this.

Every salaried employee should read this now to avoid any surprises 🧵 [1] What’s changing

🔸Your basic salary must now be at least 50% of your CTC.

🔸So companies can’t hide most of the pay inside allowances.

🔸“Wages” will now strictly mean basic + DA + retaining allowance.

🔸Allowances like HRA, travel and special cannot cross the remaining 50%, a major reshuffle in most salary structures.

Netra Mantena and Vamsi Gadiraju just had a ₹1,000 crore Udaipur wedding.

Looks grand, but here’s the twist: big or small, most couples lose ₹2–₹10 lakh in taxes when they get married.

Let’s flip that.

Here are 5 tax moves to save that money 🧵👇 [1] Use tax-free gifts properly

🔸Cash, gold, jewellery, property - all exempt under Section 56(2)(x).

✅No limit. No “relative vs non-relative” rule.

📌Parents funding jewellery, gold, appliances or part of the venue? Mark it as a gift.

Harish Salve paid Oxford University fees for two Indian students

And still claimed it as a business expense.

Tax Officer told it’s a charity and disallowed the expense.

Salve said that it’s brand-building and got the tax deduction. Here’s how👇🧵 [1] Facts of the case:

🔶 Salve paid ₹28,45,872 as scholarship for Oxford

🔶 ₹18,67,392 for Deeksha Sharma

🔶 ₹9,78,480 for Jasdeep Kaur Randhawa

🔶 Claimed this as professional expenditure

🚨Finance Ministry opens Capital Gains Account Scheme to 19 private banks.

It’s the simplest legal way to pay ₹0 tax on your capital gains.

Ignore it and you could end up paying ₹5–₹20 lakh in taxes you didn’t need to.

Every taxpayer should read this👇🧵 [1] What exactly is CGAS?

🔸A special account to hold your capital gains until you reinvest them.

🔸It keeps your tax exemption intact while you buy or build the new asset.

Mr. Rajesh bought a ₹60-lakh flat in Pune.

Now he’s fighting a legal case because he skipped just one document.

If you’re a homebuyer, save this thread 🧵👇 [1] Title Deed

🔸Always demand the original.
🔸Confirm the seller's name matches government records.
🔸Check for encumbrances, disputes, claims.

HDFC Just declared 1:1 bonus

What if i tell you that you have to pay ₹9,35,625 in taxes extra 🤯

But there is a hack which will help to save this tax 🤩

Here how 🧵👇 [1] Why a 1:1 bonus looks like a 50% price fall

🔸 The share count doubles; price adjusts mechanically (ex-bonus) so market cap stays similar.

🔸 HDFC Bank’s first-ever 1:1 bonus used 26 Aug 2025 as the record/ex window; allotment follows thereafter.

Krishnagopal sold his Marine Drive flat to buy 7 row-houses in Pune🏡

Tax department disallowed this🔻

But he used this loophole which the Bombay High Court allowed🤯[A thread🧵👇] [1] Inheritance → Sale → Reinvestment

🔸 Krishnagopal inherited a Marine Drive flat.

🔸 Sold it – agreement 8 Sep 1993; possession 17 Apr 1994 – for ₹1.45 cr.

🔸 In 1995, invested entire proceeds into 7 row houses at Viman Nagar, Pune via JV.

🔸 Claimed Section 54 on the full gain.

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🧵👇 [1] The Income Tax Department has detected large-scale misuse of deductions.

Using data analytics & AI tools, they identified fake or inflated claims filed via refund agents.

Some even submit false TDS returns to claim excessive refunds.

Nilesh invested in US stocks!

Now a ₹10 lakh penalty is looming over him under the Black Money Act🤯

Because he forgot to report the same in ITR

Read this even if you have a $1 balance in overseas assets🧵👇 [1] Who needs to report?

🔸Resident individuals. In simple language, people who live in India.

🔸Non-residents and residents but not ordinarily resident (RNOR) are exempt.

Rahul filed an ITR with FAKE income to get a student loan

Claimed exempt AGRI income of ₹1.14 crores over 5 yrs🤯

“Whats the harm—its exempt income?”

Hyd Tribunal asked him to pay ₹35.15 LAKHS of taxes + interest + penalty🥵

All about 'Talluri Vijay Rahul v. CIT' case🧵👇 [1] Background

The taxpayer, an architect by profession, claimed that he earned ₹22.75 lakh p.a. from cultivating sweet lime on agricultural land.

He filed this income as exempt agricultural income over multiple years.

Rohit claimed HRA by paying rent to his mother.

He got a notice from the Income Tax Department for a fraudulent HRA claim.

If you're claiming HRA, this thread could save you from a notice 👇🧵 [1] What’s happening?

Some salaried individuals submit fake rent receipts, often from relatives, to claim HRA exemptions and reduce taxable income.

Shanti Bhushan, ex-law minister, underwent heart surgery

He claimed the surgery expense as a business expense🤯

He argued: My heart is my professional tool. Heart attack was caused by his stressful work.

Can you do this? Here's what courts & Tax Dept decided 🧵👇 [1] The case

In 1982, senior advocate and ex-Law Minister Shanti Bhushan underwent coronary bypass surgery in the US.

He claimed the ₹1.74 lakh expense as a deduction from professional income.

Freelancers will pay ₹0 tax on ₹24 lakhs of revenue🤯

But how?🤔

Here's all about freelancing taxation and how you can save taxes🧵👇 [1] Freelancers = Business Owners (Tax Perspective)

Income from freelancing is treated as “income from business/profession” under the Income Tax Act.

You get two options:
🔹 Normal Taxation: Tax on profit after expenses
🔹 Presumptive Taxation: Tax on a fixed % of revenue.

Today is April 1.

>99% of India won't pay income-tax from today.

But that’s not all.

Here are other key tax changes that help you save LAKHS in taxes:🧵👇 [1] No tax on salary of up to ₹14.65 lakhs

Two more deductions are available through employer's contribution in new regime:

🔸EPF: Up to 10% of basic salary
🔸NPS: Up to 14% of basic salary

This way, you can optimise for a tax-free salary of up to ₹14.65 lakhs p.a.

ITC Demerger will impact taxation of its 35,68,560 shareholders 🤯

You need to understand how this affects you as a shareholder🤔

These notes will help you understand the implications. A thread🧵👇 [1] What is Demerger?

👉A demerger splits a company into two (typically), allowing each to focus on its core business.

👉The business and assets of a division get transferred to another!

👉Shareholders remain the same in both companies.

Claim settlement ratio (CSR) is an important metric to evaluate your insurance company

But it doesn't reflect the complete picture🤯

You should also look at the Incurred Claims Ratio (ICR)

Sharing ICR for all insurers below 🧵👇 [1] Incurred Claim Ratio

ICR is % of total claim amount paid compared to total premium collected (within a year)

If insurance co. has ICR of 85%, it means that for every ₹100 premium, ₹85 is spent on paying claims✅

So, how is it different from CSR?🤔👇