Kanan Bahl

CA | Documentary Film-maker "Mis-sold" | Finance Educator | Founder @fingrowthmedia | No invt advice #PersonalFinance

[Kanan Bahl @BahlKanan]

From villas to villages: People are mis-sold financial products

"Mis-sold" is the story of every gullible Indian investor who doesn't even know that they've been mis-sold

Made this documentary so that no one ever gets mis-sold🙏

Releasing on 2nd Oct on @1FinanceHQ 's YT

[Rupeetool @RupeetoolByFGM]

Has your insurance claim ever been rejected because you hold policies with other insurers?

An ICU doctor's ₹50 lakh policy was, after he died on night duty.

He hadn't listed his other policies.

His widow fought it, and the court handed her all ₹50 lakh.

Here's how 🧵👇

[Rupeetool @RupeetoolByFGM]

India's biggest company just posted its Q1 FY27 results.

Reliance posted record revenue, EBITDA and PAT. 53.3 crore Jio subscribers.

Promoters purchased shares worth ₹9,000 Cr and Jio Platforms filed its DRHP

Here's the full Reliance Q1 breakdown 🧵👇

[Rupeetool @RupeetoolByFGM]

You filed on time. You paid your tax in full. But you used the wrong ITR form.

Now it's a defective return, with just 15 days to fix.

Miss that and it counts as never filed: ₹5,000 fee, interest up to 24% and losses you can't carry forward.

Here's the right form for you 👇

Which form is actually yours?

🔸 ITR-1: salary or pension, income up to ₹50 lakh, LTCG up to ₹1.25 lakh
🔸 ITR-2: income above ₹50 lakh, capital gains, foreign assets, or crypto
🔸 ITR-3: business, freelance or F&O income (yes, salaried F&O traders too)
🔸 ITR-4: presumptive business income up to ₹50 lakh, but never with F&O

Also remember:
HUFs can't use ITR-1.

Exempt income like PPF interest must still be reported.

If your figures don't match your Annual Information Statement, the tax department's record of your transactions, expect a notice.

[Kanan Bahl @BahlKanan]

@singalromil Did they not make massive profits when crude oil prices remained subdued for years during covid and even before that from 2014 to 20?

[Kanan Bahl @BahlKanan]

Petrol prices (E20) in Delhi were ₹94.8/L before the Iran-US conflict broke out.

The govt increased the prices to ₹102.8/L to pass on the cost of rising crude-oil prices.

Now that the crude oil prices are down again, the prices are still the same.

Don't know why the media and we, the people, do not question our govt.

[Sujit Bangar @sujit_bangar]

Byju's deducted ₹1.49 crore TDS from Ajay's salary.

But never deposited it with the Tax Dept. It happened with 23,621 employees.

Tax Dept sent Ajay a demand notice. But ITAT saved him.

Here's how to file your ITR if the same is happening with you 🧵👇

[Rupeetool @RupeetoolByFGM]

Own foreign assets?

One missed ITR disclosure can cost ₹10 lakh, even if you have paid all your tax.

Most people don't miss it on purpose.

They just don't have the documents ready when they sit down to file.

Here's what you must keep ready, before you file, collect these👇

🔸 Foreign bank account: full-year statement (Jan-Dec 2025), peak balance date
🔸 Foreign stocks: broker statement, transaction history, dividend withholding certificate (US 1042-S)
🔸 Overseas funds or ETFs: holdings as of 31 Dec 2025, purchase records
🔸 RSUs or ESOPs: vesting schedule, exercise and sale records, employer TDS papers
🔸 Foreign tax credit: Form 44 (earlier Form 67), proof of tax paid abroad

Save this before you sit down to file.

[Kanan Bahl @BahlKanan]

This is a fraudulent message with a ZIP file that contains a virus.

The virus hacks your phone. The hacker then asks you for ransom.

They may threaten you with leaking your private chats or photos or even commit bank fraud.

Beware of such frauds. FYI, @IncomeTaxIndia

[Kanan Bahl @BahlKanan]

The Section 276CC law has now changed. Jail is applicable only when the tax evaded is more than ₹10 lakhs.

However, fine is still applicable. Late filing fee u/s 234F will still be applicable.

[Kanan Bahl @BahlKanan]

A Chennai man was sentenced 12 months jail for not filing his ITR

Sec 276CC mandated that you can be jailed with a fine for wilfully defaulting to file an ITR

Even when your income is ₹0, you need to file an ITR in cases highlighted in this infographic by @RupeetoolByFGM

[Kanan Bahl @BahlKanan]

@jayaraman_kal He could've stopped giving him overs and kept him for the last or not use him at all.

[Kanan Bahl @BahlKanan]

Gurnoor Brar gave 26 runs in the first two overs.

Captain Gill didn’t sack him. Brar took 2 wickets in the third over.

Maybe, coach Gambhir needs to learn something from captain Gill.

Sacked Sanju, got Suryavanshi for 2 matches and then sacked him too after average performance

[Kanan Bahl @BahlKanan]

@connectgurmeet 11 Cr is on 1 Cr invested throughout. But he’ll have to withdraw (say like an SWP) to pay the EMIs. So the corpus would be much lesser than ₹11 Cr
And the last few years have taught us that we can’t think only upwards in equities.

[Kanan Bahl @BahlKanan]

@iam_balaji @fingeekid_twt @FI_InvestIndia @Least_ordinary @Mf360WW @aditya_kondawar @NakuulMehta @connectgurmeet @KirtanShahCFP @VidyaG88 Wow, amazing!

[Kanan Bahl @BahlKanan]

100% in the last 5 years. Hospital bills have grown much bigger in the last 10 years, thanks to a 14% inflation p.a.

This week, two big PE deals have been announced in the education space (non-tech).

🔸 Vitruvian buying out K12 Techno (Orchids, SparkleBox) at a ~₹7,200 crore valuation.

🔸 KKR's Lighthouse buying Pathways Gurgaon for ~₹1,500 crore.

[Kanan Bahl @BahlKanan]

After a ~100% inflation in hospital bills, get ready for your kids' school fees too.

The "PE Tax" on another essential service is coming to bite us hard!

All because our governments for 80 yrs have failed to give any meaningful returns on the 30% income tax, 18% GST and 100% fuel taxes we pay on the useless E20 fuel.

Retweet to spread awareness🔁

[Kanan Bahl @BahlKanan]

Gautam ke chalte Indian cricket team ki situation bohot Gambhir ho gayi hai!

[Kanan Bahl @BahlKanan]

LIC's equity holdings of ~₹15 Lakh crores are worth more than any AMC's entire AUM.

LIC manages ~2x more money than EPFO (₹59L Cr vs ₹31L Cr).

Govt of India is the only bigger investor in Indian stocks at ~₹43L Cr. LIC is its 2nd biggest holding after SBI.

This still doesn't mean that you make money by investing in LIC policies 😉

Infographic by team @RupeetoolByFGM

Retweet to spread awareness🔁

[Kanan Bahl @BahlKanan]

@rohitmahato10 We’re looking for a graphic designer who can create @finshots’ level infographics

[Kanan Bahl @BahlKanan]

@guranshish We are looking for someone who can design social media infographics and portfolios; hardly anyone has that kind of experience. So we need to see if they can do it or not.

We mention that clearly in the JD as well.

[Kanan Bahl @BahlKanan]

I'm hiring a graphic designer.

They're sharing AI-generated graphics for the sample-task round. 🙂