Found gold in a parent’s locker? Before you sell, read this
https://srikavimoney.blogspot.com/2025/11/found-gold-in-ammas-locker-heres-tax.html
https://www.linkedin.com/posts/srikanth-matrubai-93b28014_found-gold-in-ammas-locker-heres-the-share-7400059811977052161-VBJd?utm_source=share&utm_medium=member_desktop&rcm=ACoAAALjJT8Bm-qQTMD1dI2o3MMdPfHnENBLiSM
Found gold in a parent’s locker? Before you sell, read this
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*Please consult your auditor before making any decisions.*
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Reinvesting Capital Gains = BIG Tax Savings!
If you sell your property, shares, or gold — you can save tax by reinvesting the money in a new house 👇
🏠 Section 54 – For property sellers
1. You sold a flat/land? Buy another house within 2 years or build within 3 years.
2. You need to reinvest only the profit (capital gain).
3. No limit on how many houses you already own.
💰 Section 54F – For shares / mutual funds / gold
1. Reinvest entire sale amount (not just profit) in a house.
2. You must not own more than one house already.
⚠️ Conditions:
1. If you sell that new house within 3 years, tax benefit goes away.
2. Max exemption: ₹10 crore.
3. Can combine 54 & 54F, but each has separate rules.
4. You can buy land, but must build a house within 3 years.
5. If builder delays the flat slightly, courts may relax the rule.
6. You can even use money to repay home loan for the new house.
📅 Debt mutual fund gains? Only those bought before Apr 2023 qualify. #DontRetireRich
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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.
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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
December vibes: holidays, goals, and year-end wins! 🎄
📊 Stay ahead of the game with TaxBuddy's calendar.
File those taxes, plan your finances, and ring in the new year stress-free 🎁💸
A Will doesn’t need registration — but registration gives it real strength.
It cuts down future disputes, reduces chances of tampering, and offers clarity your family will thank you for.
And remember — if you own property in Mumbai, Chennai or Kolkata, your Will may need probate, which can delay things unless everything is drafted cleanly.
My advice?
Create a proper Will, register it, keep a doctor’s fitness certificate, and ensure all assets are listed clearly.
It’s the simplest act of love you can leave behind.
#DontRetireRich
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What Happens When a Hindu Woman Dies Without a Will?
1️⃣ Husband & Kids Alive:
Property is divided equally between husband and children.
2️⃣ Husband Alive, No Kids:
Husband gets everything.
3️⃣ Parents Only (Unmarried, No Kids):
Property goes to her own parents.
4️⃣ Husband & Kids Not Alive:
If property came from her parents → goes to her father’s heirs.
If from husband/in-laws → goes to husband’s heirs.
5️⃣ Husband Not Alive, No Kids:
Her parents inherit only if property came from them.
Else, husband’s family gets it.
💡 Moral:
If you’re a woman, please make a WILL.
Else, even your hard-earned assets may go to your in-laws, not your parents. #DontRetireRich
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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
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How to track your ITR refund status online in simple steps
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