Today, one of my clients qualifies for lower tax under the new regime — yet insists on using the old regime just to pay extra tax.
🧐 Tax planning isn’t just about savings — sometimes, it’s about mindset and comfort.
Always choose your regime wisely, not emotionally.
New ITR check: Paid health insurance premium for more than 1 year in lump sum?
Disclose policy details now. No more blanket 80D claims
📌 Income Tax Update (as on 17/06/2025)
✅ ITR-1 & ITR-4 → Filing open (online & offline)
🚫 ITR-2, 3, 5, 6, 7 → Utility NOT released, filing NOT started
📊 GST Turnover AIS Data → Updated till Dec 2024; Q4 not yet available
Current Stats
ITR Filed: 31,48,880
ITR Verified: 28,96,306
ITR Processed: 4
Plan & file early!
📊 Advance Tax Collection Slow Start in FY25
1️⃣ ₹1.54 lakh crore collected till June 15 — just 4% up YoY.
2️⃣ Last year, same period growth was a strong 27%.
3️⃣ Corporate advance tax: ₹1.21 lakh crore; personal: ₹32,970 crore.
4️⃣ High refunds & global uncertainties dragging collections.
5️⃣ GST shows better trend: April-May up 12.6%–16.4%.
6️⃣ RBI pegs FY25 GDP growth at 6.5% — same as last year.
7️⃣ Expect more clarity after next instalments in Sept & Dec.
If Donald Trump declared $600 million in income it's absolutely, positively guaranteed he actually made > $9 billion.
Unless anyone still believes this human suit filled with dung and hatred is capable of telling the truth?
#incometax #potus #bitcoin #crypto #memecoin #trump #donaldtrump #melania
Trump reports over $600 millio...
What if the Dutch tax office taxed you on money you never made? It’s payback time. Find out how to fight back with the new Box 3 rule.
https://www.xtroverso.com/blog/governance-11/what-if-youve-been-overpaying-dutch-taxes-for-years-411
#business #markets #government #tax #fiscality #Netherlands #dutch #economy #income #incometax #poverty #wealth #politics #taxoffice #belastingdienst #box3 #xtroverso
Client FAQs (last 10 days):
📌 Due date for AY 2025–26?
👉 15-09-2025.
📌 Is ITR-2 live now?
👉 No. As on 15-06-2025, only ITR-1 & ITR-4 are enabled.
📌 Can I file old ITR & get refund?
👉 Refund in ITR-U? Not allowed. For genuine cases, apply for condonation.
📌 Top question:
👉 “How much refund can you get me? What % you charge?”
✅ Any amount — if docs legit. No fake bills drama — ITD’s knock is faster now.
💼 We don’t charge % — fees depend on the work.
#IncomeTax
✅ Air India’s ₹25 lakh interim + ₹1 crore final compensation to victims’ families = NOT TAXABLE.
👉 Covered under CBDT Circular 573, Sec 17(3) & court rulings.
No tax, no confusion — pure support.
ITR Tax Due Date Alert 🔔
Making Payment of Advance Tax 1st Instalment Due Date is too close.
Act Now!
File ASAP to stay compliant.
Get Help @ https://zurl.co/FnlZT
Join WhatsApp: https://zurl.co/qp9S8
ITR Due Date Alert 🔔
Issue of TDS Certificate Due Date is nearing faster.
Issue NOW to stay compliant.
Get Help @ https://zurl.co/Llr8w
Join WhatsApp: https://zurl.co/5niRG
#issueoftdscertificate #duedate #tds #incometax #taxcompliance #taxreturns #setindiabiz
ITR Due Date Alert 🔔
Filing Form 24G Due Date is too close.
File ASAP to ensure compliance.
Stay informed!
Get Expert Help @ https://zurl.co/JUOk3
Join WhatsApp: https://zurl.co/E2rPM
#form24g #duedate #duedatealert #itrfiling #incometax #taxcompliance #setindiabiz
🚨 Exclusive: FM Nirmala Sitharaman to hold a high-stakes tax conclave this June.
Top agenda: ITC blocks, ITR delays, revenue roadmap, and GST rationalisation.
📊 Here’s what’s on the table ⬇️
ITR Filing Update | Section 139AA
From AY 2025-26, only Aadhaar Number will be accepted in the Assessee Information section.
• Aadhaar Enrolment ID is no longer valid for ITR data entry
• Applies to: Resident Individuals
• As per: Finance Act (No. 2), 2024
#ITRUpdate #Aadhaar #IncomeTax #Section139AA #Budget2024 #EfileTax
When is audit of books mandatory under Income Tax?
Section 44AB breaks it down by profession, business turnover, and cash limits.
Save this checklist – especially if you’re near ₹1–10 Cr turnover range.
Australia is in the firing line of Trump’s looming ‘revenge tax’. It’s a fight we’re unlikely to win #thenewdaily #GraemeCooper #superfunds #incometax #usa #oecd
The income tax has made liars out of more Americans than golf.
-- Will Rogers
🚨 IT Dept flags suspicious 80GGC claims
Many taxpayers received SMS alerts for claiming under Section 80GGC (donations to political parties) in their ITRs for AY 2023–24 & 2024–25.
👉 Department advises verifying claims & correcting errors via Updated ITR-U.
🧾 Note: 80GGC is allowed only for individuals (not companies) donating via legitimate, traceable modes. Suspicious or inflated claims may trigger scrutiny.
🛑 Don't misuse deductions. File responsibly.
Advance Tax isn’t optional if your tax exceeds ₹10,000.
The 1st due date — 15th June — is almost here.
Miss it? You pay 1% penalty per month.
Plan. Pay. Save interest.
ITR Filing Update | Section 139AA
From AY 2025-26, only Aadhaar Number will be accepted in the Assessee Information section.
• Aadhaar Enrolment ID is no longer valid for ITR data entry
• Applies to: Resident Individuals
• As per: Finance Act (No. 2), 2024
#ITRUpdate #Aadhaar #IncomeTax #Section139AA #Budget2024 #EfileTax
NHL teams in states with no income tax have economic advantage, professor says https://www.rawchili.com/nhl/62797/ #DallasStars #Florida #Hockey #IncomeTax #Montreal #NashvillePredators #NHL #NhlTeams #PaulBissonnette #SalaryCap #StanleyCup #TampaBay #TampaBayLightning #ThePanthers #Toronto #VegasGoldenKnights
