https://www.moneycontrol.com/technology/chatgpt-can-no-longer-offer-medical-financial-or-legal-guidance-says-report-article-13650439.html
Good.
Long overdue
The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income under sub-Section (1) of Section 139 of the Act for the Assessment Year 2025-26, which is 31st October 2025 in the case of assessees referred in clause (a) of Explanation 2 to sub-Section (1) of Section 139 of the Act, to 10th December 2025.
The 'specified date' of furnishing of the report of audit under the provisions of the Income-tax Act, 1961, for the Previous Year 2024-25 (Assessment Year 2025-26) is further extended to 10th November 2025.
Press Release Issued.
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The taxation on gold mutual funds depends on the holding period.
For investments held for 12 months or less, gains are taxed as short-term capital gains (STCG) at your applicable income tax slab rates.
For investments held for more than 12 months, gains are taxed as long-term capital gains (LTCG) at a flat rate of 12.5% without any indexation benefit.
How important is a mutual fund distributor?
How often should investments be reviewed?
When is it right to tweak asset allocation?
And why would he recommend a new fund house like The Wealth Company?
AMFI-Registered MFD Srikant Matrubai answers these questions and shares how The Wealth Company is empowering distributors while launching their new mutual fund.
https://www.youtube.com/watch?v=2kuh0kkft1I
https://youtu.be/OObgOZwp_Rk
Gold has always been called “safe haven”… but is it really the smarter choice today?
In this video, I’ll show you why Equity looks not just safer, but smarter than Gold right now. If you’ve been confused between Gold and Equity, this will give you clarity. #DontRetireRich
https://youtu.be/NIfgcQzoQpc?si=ARp8-NxjMok3H70V
Читать полностью…
HEALTH IS TRULY WEALTH
Stay healthy with these easy to follow Health tips
Best Telegram channel on HEALTH
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How to track your ITR refund status online in simple steps
https://www.moneycontrol.com/news/photos/business/personal-finance/how-to-track-your-itr-refund-status-online-in-simple-steps-13566119.html
Get all the BEST on X ( Twitter)
https://twitter.com/SrikantMatrubai?s=35
⚠️ Missed the Sept 15 ITR deadline?
Don’t panic — you can still file a belated return till Dec 31, 2025 (Sec 139(4)).
But beware 👇
Late fee: ₹5,000 (capped at ₹1,000 if income < ₹5L).
No carry forward: Capital losses from stocks, MFs, property = gone.
Old Regime hit: Missed deductions & exemptions.
Filing late doesn’t just cost money, it costs opportunities.
⏳ File on time, protect your wealth.
#TaxPlanning #ITR #DontRetireRich
⏰ Advance Tax Alert!
Today (Sept 15) is the second instalment deadline for Advance Tax (FY 2025-26, AY 2026-27).
✅ Who needs to pay?
If your annual tax liability > ₹10,000.
Salaried (only if you earn rent, capital gains, side income).
Freelancers, consultants, business owners.
Exempt: Senior citizens with no business income.
✅ How much?
By Sept 15, you should have paid 45% of total tax.
Example: Tax liability ₹2 lakh → pay ₹90,000 cumulative (₹30k by June + ₹60k now).
❌ Missed it?
Interest @1% p.m. under Sec 234C applies till Dec.
Keep falling short → Sec 234B adds more @1% p.m.
#AdvanceTax #TaxPlanning #DontRetireRich
What if you fail to file ITR by due date September 15, 2025? You should be ready to pay late fee, delayed refund, and scrutiny
https://economictimes.indiatimes.com/wealth/tax/what-if-you-fail-to-file-itr-by-due-date-15-september-2025-you-should-be-ready-to-pay-late-fee-delayed-refund-and-scrutiny/articleshow/123843589.cms
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The Grey Market Premiums
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https://m.economictimes.com/wealth/legal/will/maternal-grandchildren-have-no-birthright-in-ancestral-property-bombay-hc-clarifies-hindu-succession-act-scope/articleshow/124797780.cms
👆
I think that's the way it should be.....as the honourable court itself said..."AVOIDS DOUBLE DIP"
Data Cherry Picking is big business and indeed many fall for this and lose many wealth creation opportunities.
WhatsApp has made Gold the Hero but does it deserve to be the hero ?
Check my blog for complete details
https://srikavimoney.blogspot.com/2025/10/equity-is-not-villian-and-gold-is-not.html
India’s net direct tax collections have SURGED 6.33% year-on-year to reach ₹11.89 lakh crore as of Oct12.
Читать полностью…
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Equity Ideas in ARRATAI....India's very own Arratai app
STT Explained – The Silent Tax That Eats Into Your Profits !!!
Many traders calculate their profit after entry and exit, but forget a hidden cost that reduces it every single time: STT (Securities Transaction Tax).
It doesn’t look big on paper, but over time it silently eats into your profits. Let’s break it down in simple terms.
What is STT ?
STT is a tax charged on the value of every buy/sell transaction in equities, derivatives, and ETFs. It was introduced to generate revenue for the government and applies to all market participants.
Example: If you buy shares worth ₹1,00,000, you pay a small percentage as STT. The same applies when you sell. In options and futures, it’s mostly charged on the sell side.
Where all does STT apply ?
- Equity Delivery: STT applies on both buy and sell transactions.
- Equity Intraday: STT is charged only on the selling side.
- Futures: STT applies only on the sell side of the contract.
- Options: STT applies on the sell side, but at a higher rate compared to futures.
Why Traders Must Care About STT ?
- It Reduces Net Profit: Even if your trade looks profitable on the chart, STT takes away a portion. In short-term trading, these small cuts add up.
- Impacts Scalpers & Option Sellers Most: Since they do high-frequency trading, STT can eat into a large chunk of their returns.
- Hidden in Brokerage Statements: Many traders blame “brokerage” for high costs, but in reality, STT is often the bigger factor.
Tip: Always calculate the real cost of trading, not just entry and exit points. Brokerage, STT, GST, exchange fees, all matter.
Sometimes the best trade is not the most frequent one, but the one with the best cost-to-profit balance.
Conclusion: STT may look small, but it has a big impact over time.
The difference between a losing trader and a winning trader is often not the strategy, but how well they manage costs like STT.
Hopefully, this post cleared your doubts on STT.😊 👍
CBDT has extended the Income Tax Audit Report filing deadline for FY 2024-25 (AY 2025-26) from Sept 30, 2025 → Oct 31, 2025.
This relief comes after multiple representations citing floods & natural calamities, even though the e-filing portal is working fine.
✅ Applies to assessees covered under Clause (a) of Explanation 2 to Sec 139(1).
📌 Translation: You’ve got one extra month—use it wisely!
#TaxUpdate #IncomeTax #DontRetireRich
When Hindu woman marries, her 'gotra' changes: Supreme Court in succession case
http://dhunt.in/11X64e?s=a&uu=0xd9ddb84422e6a03a&ss=wsp
Source : "India Today" via Dailyhunt
Tax on Stock Market Dividends:
2014 = 0% (Completely tax-free)
2018 = 10% (Only on dividends > ₹10L)
2020 = Taxed at slab rates (up to 30%)
Example (₹20L dividend):
2014: ₹20L in hand.
2018: ₹19L in hand (₹1L tax on ₹10L excess).
2025: ₹14L in hand (₹6L tax at 30%).
Are dividends still worth it?
Think cutting your expenses will make you rich? Think again. 😬
All it does is shrink your lifestyle. The real hack? Grow your income, don’t just trim your wallet.
Discover the roadmap in the bestseller “DON’T RETIRE RICH”.
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Now at just ₹285/-
Discount 29%
Borrowing Cash from a Friend Could lead to 100% Income Tax Department Penalty TAXCONCEPT
https://taxconcept.net/income-tax/borrowing-cash-from-a-friend-could-lead-to-100-income-tax-department-penalty/
*Are you bringing gold jewellery from abroad?*
There are limits, and formalities - check before you shop! (DH)
