🚨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?🤔👇

Gold (SGBs) have generated 143% return in last 5 years🤯

₹1 Lakh has become ₹2.43 Lakhs📈

The FY18 issue is up for pre-mature redemption

But should you redeem?🤔A thread🧵👇 [1] Introduction on premature withdrawal of SGBs

🔹Tenor of SGB is 8 years but premature redemption is allowed after 5th year from the date of issue ✅

🔹SGBs are tradable on stock exchanges

Employers have started sharing Form 16📰

It is time that we start filing ITRs.

But filing a wrong ITR form can render your return invalid leading to penal consequences 🤯

Here's how to choose the right ITR form [A thread..🧵👇] [1] ITR-1

ITR-1 is for individuals who are residents (other than not ordinarily residents)

Total income should be up to ₹50 lakh

This form can have salary income, income from 1 house property, other sources (interest, etc.), & agricultural income upto ₹5,000

N/A to HUFs

Did you know?🤔

You have to deduct TDS while paying rent to your landlord if rent exceeds ₹50,000/month🤯

All about TDS on rent [A thread...🧵👇] [1] TDS on Rent

It was tough for government to track the people who are claiming fake HRAs.

Hence, w.e.f. 1st June, 2017, they decided to introduce TDS on rent at 5% for those making rent payments of more than ₹50,000/month.

But do you have to deduct TDS every month? Read👇

New Regime or Old Regime?🤔

New regime will suit those who have lower deductions.📉

If you have only 80C, 80D and income of >15Lakhs, then new regime would be beneficial🤯

Clearing all the confusion. Read this thread to save lakhs in taxes🧵👇 [1] Tax slabs are different in new regime

If you have higher income, choose the new tax regime👇

The biggest confusion right now is:

"New Regime or Old Regime?"

Sharing who should choose old regime and save lakhs of taxes [A thread🧵👇] Choosing Old vs New is a factor of what all deductions will you have in the old regime.

Here are the major deductions available under the old regime.

So factor in which all you have available.👇👇

Income: ₹50,00,000➡️Tax: ₹13,65,000
Income: ₹50,10,000➡️Tax: ₹15,04,930🤯

₹1,39,930 additional tax for an additional income of just ₹10,000?

That's surcharge for you!

But don't worry. Here’s the concept of marginal relief which will relieve you. A thread🧵👇 [1] Introduction

Surcharge is an additional charge payable on income tax

This allows govts to ensure that higher-earning individuals contribute proportionally more to public revenue!

This means rich contribute more to taxes than lower income categories😲

Let’s know in depth👇

The Income Tax Department knows all about your transactions⏱️

So it’s better not to conceal any information!✅

But how?🤔

A thread on AIS and TIS for you🧵👇 [1] What is AIS?

Annual Information Statement is a comprehensive view of information for taxpayers displayed in Form 26AS

It essentially provides a consolidated view of financial transactions & activities reported

To tax authorities by third parties on behalf of the taxpayer👇

Easiest way to making ₹5,00,00,000+ corpus😲

Invest ₹20,800+ per month in EPF

Time horizon: 35 years📅

All about Employees' Provident Fund (EPF) [A Thread🧵👇] [1] What is EPF?

Employees’ Provident Fund is a savings scheme introduced by the EPFO

EPFO i.e. Employees' Provident Fund Organisation is the regulatory body that promotes employees to save funds for retirement

3 schemes are offered under EPFO which is discussed below👇