If you are planning to sell your Gold or Silver funds
You MUST compulsorily read this
https://www.linkedin.com/posts/srikanth-matrubai_gold-silver-investors-dont-let-the-panic-share-7423594931262480384-IzjC?utm_source=share&utm_medium=member_desktop&rcm=ACoAAALjJT8Bm-qQTMD1dI2o3MMdPfHnENBLiSM
Why old tax regime still works for some taxpayers
https://www.moneycontrol.com/news/business/personal-finance/why-old-tax-regime-still-works-for-some-taxpayers-13774315.html
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Not every family member is tax-friendly.
Only defined relatives get the exemption privilege.
Tax-free gifts (any amount):
Parents • Spouse • Children • Siblings • Grandparents • In-laws
👉 No limit. No tax. Period.
Big myth people fall for:
❌ *“Cousin is also family”* — Wrong. Fully taxable.
❌ *“Only amount above ₹50,000 is taxed”* — Wrong. Entire amount taxed.
Non-relatives:
👉 If total gifts cross ₹50,000 in a year → 100% taxable.
Silent tax trap most people miss:
Gift may be tax-free…
⚠️ Income generated from that gift may not be.
(Especially between husband & wife — clubbing applies.)
One boring thing that saves you big trouble:
📄 Gift deed
🏦 Bank trail
#DontRetireRich
https://www.youtube.com/user/goodfundsadvisor
For deep insights on Wealth Creation
Everyone thinks Direct Plans save money.
But the real math will SHOCK you.
I explained it in simple English here 👇
https://www.linkedin.com/posts/srikanth-matrubai-93b28014_dontretirerich-activity-7401579640722669568-qGPP?utm_source=share&utm_medium=member_desktop&rcm=ACoAAALjJT8Bm-qQTMD1dI2o3MMdPfHnENBLiSM
What’s STILL Allowed in New Tax Regime (FY 2025–26) ✅
• Standard Deduction: ₹75,000 (salaried & pensioners)
• Employer’s NPS contribution: up to 14% of salary
• Family pension deduction: up to ₹25,000
• Employer benefits still tax-free:
– Gratuity (₹20L)
– Leave encashment (₹25L)
– VRS (₹5L)
• Home loan interest only on rented property (against rent)
• Capital gains exemptions (54 / 54EC / 54F) continue
KIND ATTENTION TAXPAYERS!
Did you receive a gentle reminder from the Income Tax Department?
It’s part of NUDGE 2.0, helping taxpayers correctly report foreign assets/income.
Kindly review your ITR → check Schedules FA & FSI → file revised return by 31 Dec 2025 (if required)
Don’t Delay. Check, Correct and Comply today!!
Question:
I am 60, retired, and under financial stress. My nephew sends me ₹60,000 every month to help with my expenses. I have no other income.
Do I have to pay tax on this money? Is this treated as my income?
✅ Answer (
In India, gift tax works on the person receiving the money, not the person giving it.
1️⃣ Gifts up to ₹50,000 a year → Fully tax-free
If all the gifts you receive in a year total ₹50,000 or less, you pay no tax.
2️⃣ But if gifts cross ₹50,000 → The entire amount becomes taxable
If you receive more than ₹50,000 in a year,
👉 the whole amount is treated as your income,
not just the amount above ₹50,000.
👨👩👧👦 Who are “relatives” for tax exemption?
Gifts from certain close relatives are always tax-free, no matter the amount.
These include:
Parents
Children
Siblings
Spouse
Uncle/Aunt (both maternal and paternal) giving to nephew/niece
But this exemption is one-way in some cases
If an uncle or aunt gives money to nephew/niece → Tax-free
If a nephew or niece gives money to uncle/aunt → Not tax-free
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
Follow the EQUITY IDEAS channel on WhatsApp: https://whatsapp.com/channel/0029VbBsy310bIdveSOXDT3d
Читать полностью…
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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Buying property in India as an NRI is not an emotional decision — it’s a due-diligence test.
Rental yield, title clarity, taxes, RERA, currency impact & management — miss one, and returns silently leak.
Homes don’t create wealth by default… discipline before purchase does.
Income Tax Rates for A.Y. 2026-27 for Individuals
Читать полностью…
A MUST READ BOOK.
Even Advisors appreciate DONT RETIRE RICH
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You can invest in PMS with just ₹10 lakhs… but only if you have a secret key:
Accredited Investor Status.
What is it? How do you get it? Why does it matter NOW?
👉 All revealed in this video: https://youtu.be/VqQH455XRzU
*India Population :- 146 Crore*
✅Total Aadhar ( net of cancelled) issued : 141 Cr
✅Total PAN issued : 80 Cr
✅Total PAN Aadhaar Linked : 52.69 Crore
✅Total Reg PAN in E filing : 11.93 Crore
✅No of ITRs filed : 7.30 Crore
✅ No of Zero Return File : 4.90 Cr
✅Filers who actually pay Tax : 2.40 Crore
🎯Less than 2 % of the population actually pays Income Tax
People don’t lack intelligence. They lack clarity. Here’s proof from a corporate session 👇
https://www.linkedin.com/posts/srikanth-matrubai_financial-wellness-session-corporate-india-activity-7406261530322702336-M3tP
What’s STILL Allowed in New Tax Regime (FY 2025–26) ✅
• Standard Deduction: ₹75,000 (salaried & pensioners)
• Employer’s NPS contribution: up to 14% of salary
• Family pension deduction: up to ₹25,000
• Employer benefits still tax-free:
– Gratuity (₹20L)
– Leave encashment (₹25L)
– VRS (₹5L)
• Home loan interest only on rented property (against rent)
• Capital gains exemptions (54 / 54EC / 54F) continue
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Best ideas shared to create Mountains of Wealth on our Telegram channel
WEALTH WISDOM
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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
Follow the EQUITY IDEAS channel on WhatsApp: https://whatsapp.com/channel/0029VbBsy310bIdveSOXDT3d
Читать полностью…
*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
