Lol
They are not even ready for set off the tds by employer with short term capital losses in our investment both happening within India then how abroad…
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ITR filing last date extended from July 31, 2025, for FY 2024-25 to 15 September 2025
They are not even ready for set off the tds by employer with short term capital losses in our investment both happening within India then how abroad…
koinahi
TF Select
Stcg loss was never adjusted against salary.
Am I missing something?
It was always CFL to be adjusted against LTCG/STCG.
U r right
But my expectation is that why we to wait till next FY gains to adjust current losses eventhough we paid taxes already
koinahi
TF Select
The bad thing I observed that they offset short term losses to long term profits. Though LTCG just below 1Lakh.
In [Any Other] I wrote, "Banks and eCom Cashbacks"
So declared as Income from other sources. Special case is not applicable on it until Govt makes a change to ITR for such things. This is not a lottery/CG also.
koinahi
TF Select
Tax are all about your intention, in this case do you subtract all DC/CC joining/ annual fees levied ??
This is not a business income that can be set-off against expenses on acquisition of services. 🙂 So, no, it can't be taken as deduction.
CBDT to ramp up AI-led crackdown on tax evasion ahead of new income tax law: Chairman Ravi Agrawal
The Central Board of Direct Taxes will intensify efforts to combat tax evasion. They plan to use data analytics and artificial intelligence. This will help identify discrepancies in income reporting. The Income Tax Department has access to vast digital transaction data. They also exchange...
The funny thing about this AI tool is that it will work only for salaried individuals 😛 😀
Yeah because CBDT can only touch those who are already paying tax honestly and well in advance.CBDT to ramp up AI-led crackdown on tax evasion ahead of new income tax law: Chairman Ravi Agrawal
The Central Board of Direct Taxes will intensify efforts to combat tax evasion. They plan to use data analytics and artificial intelligence. This will help identify discrepancies in income reporting. The Income Tax Department has access to vast digital transaction data. They also exchange...economictimes.indiatimes.com
The funny thing about this AI tool is that it will work only for salaried individuals 😛 😀
Sharing a recent story: Recently a AO has been arrested here by ACU for raising a demand from a businessman to tune of Rs.2.96 crores and then when he was settling the case by taking Rs.45L from them, he was arrested. CCTV camera was planted well before and other people who were against him and his corruption activites helped ACU to nab him.
The businessman and his two sons also sent to custody for bribing.
I know many tax evaders around me. Kabhi socha hu jaa ke anonymous tip de aaye. Fir AO pe bharosa nahi hai woh already mila huya hota hai. Vigilance waley bhi bahot info. record kartey hai.
He allayed concerns over powers that tax authorities have to access digital records. This is strictly restricted to search and seizure operations where taxpayers refuse to share information, and are not aimed at snooping on ordinary taxpayers, he said.
This is just like Google and Facebook saying they don't use user data for monetization.
Lie as much as you can. With technology some human races have started thinking it is their right to invade privacy of others and check their confidential info. at their will.
Believe it or not, American bug od snooping own citizens and tech surroundings has made other countries too to snnop on their citizens and Mr. Modi aka PM has the itch of snooping others just like they snoop opposition, we common people are nothing.
Jitna marzi snooping karlo milna kuch ni.
This is just like Google and Facebook saying they don't use user data for monetization.
Lie as much as you can. With technology some human races have started thinking it is their right to invade privacy of others and check their confidential info. at their will.
Believe it or not, American bug od snooping own citizens and tech surroundings has made other countries too to snnop on their citizens and Mr. Modi aka PM has the itch of snooping others just like they snoop opposition, we common people are nothing.
Jitna marzi snooping karlo milna kuch ni.
Buying property abroad with international credit cards may put you in regulatory crosshairs
Many Indians who purchased Dubai properties using international credit cards are now facing tax and enforcement issues. These transactions, intended for current account expenses, are being flagged as violations since property purchases require banking channels. Buyers are now seeking ways to...
Another way IT department torturing investors and credit card users. 😀
Sorry Sir, Not agree on this Fully...Buying property abroad with international credit cards may put you in regulatory crosshairs
Many Indians who purchased Dubai properties using international credit cards are now facing tax and enforcement issues. These transactions, intended for current account expenses, are being flagged as violations since property purchases require banking channels. Buyers are now seeking ways to...
Another way IT department torturing investors and credit card users. 😀
Few rules, terms and condition prevailing way before cc to buy acquire or hold assets in foreign Nations.
(FEMA)
Attaching ITD - PDF
LolBuying property abroad with international credit cards may put you in regulatory crosshairs
Many Indians who purchased Dubai properties using international credit cards are now facing tax and enforcement issues. These transactions, intended for current account expenses, are being flagged as violations since property purchases require banking channels. Buyers are now seeking ways to...
Another way IT department torturing investors and credit card users. 😀
Axis reserve and atlas users😉
RAMESH BABU N
TF Legend
One can't choose to be an Indian, earn income here BUT want to follow another country's laws n rules by flouting Indian law n rules.
Go out n settle in such a country n follow their law.
Or, be in India n follow Indian laws.
Or, get caught n end up in a big mess.
Uneducated n illeterates flouting some rules unintentionally is understandable.
But, educated n well-heeled SHOULD NOT BE SPARED. Severe punishment must be given so that others should think twice before attempting such mis-adventures intentionally.
Go out n settle in such a country n follow their law.
Or, be in India n follow Indian laws.
Or, get caught n end up in a big mess.
Uneducated n illeterates flouting some rules unintentionally is understandable.
But, educated n well-heeled SHOULD NOT BE SPARED. Severe punishment must be given so that others should think twice before attempting such mis-adventures intentionally.
@RAMESH BABU N @hender
Sir I agree, but partly it is a mistake of the builders or promoters. In the first place they should not be accepting this mode of payment if it is not allowed.
What if some people geuinely don't know this but used the credit card? If such restrictions are there on using CC for international transactions, either bank or builder should know this. Now it looks like there is some wrong doing from builder side also. They will defenitely know this, but will not tell the buyer. Because they somehow want to sell their property. Legal troubles are to be borne by the buyer.
In this case, FEMA and ITD should actually punish the bui;lder for facilitating this purchase through illegal means.
Sir I agree, but partly it is a mistake of the builders or promoters. In the first place they should not be accepting this mode of payment if it is not allowed.
What if some people geuinely don't know this but used the credit card? If such restrictions are there on using CC for international transactions, either bank or builder should know this. Now it looks like there is some wrong doing from builder side also. They will defenitely know this, but will not tell the buyer. Because they somehow want to sell their property. Legal troubles are to be borne by the buyer.
In this case, FEMA and ITD should actually punish the bui;lder for facilitating this purchase through illegal means.
Not related to this...
Many people use to cross red lights (red light Jumps) or over speeding...
Only few get caught and got challan...
Not Each and everyone...
Responsibility ???? Lies with whom !!!