Section 44AD says "no need to maintain books."
But try filing ITR-4 without books.
You'll realise the law and the form aren't telling the same story. 🧵
#Section44AD#IncomeTax#PresumedTaxation
And the day an Income Tax scrutiny notice lands —
"I'm under the presumptive scheme"
won't protect you.
Only proper books will.
#ScrutinyNotice#IncomeTaxIndia#TaxAudit
My friends keep asking me why I recommend GoldBees over DigiGold 🤔
I told them — "Do the math first."
Here's the math nobody talks about 🧵👇
(Save this before your next gold purchase)
Some platforms offer making charge discounts on redemption —
if that saving beats your entry cost, DigiGold wins for jewellery buyers.
But for pure investment? GoldBees wins. Every time.
Don't let hidden costs eat your gold returns silently 🪙
RT if this helped someone you know
My monthly routine with MRCC is as simple as
Just 5 transactions with this -
1500* 4 = 6000 - Amazon Pay vouchers
and
15000 - towards Income Tax.
20,000 / month
fee waiver sorted, and the rewards intact.
No-brainer.
In a world where absolute garbage is being sold to beginners it really pains me that I cannot recommend Amex MRCC
I got mine 2 yrs ago as a college kid w 0 income (actual options on the application)
It teaches you abt milestones, welcome bonus, pts transfer, annual fee waiver
@CardNiti IDFC Business Multiplier: Tax payments earn 10 RP/₹200 (1.25% gross),
but capped at ₹300 max reward per ₹1L spend — that's just 0.3% net (after charges).
Spend beyond ₹1L? You're at -0.2% net return. Better to skip using it for taxes altogether. 🚫
Dear @IncomeTaxIndia@nsitharaman@nsitharamanoffc@Infosys
As per Income Tax law, the time available for filing non-audit ITRs (ITR-1 & ITR-2) is from 1 April to 31 July... a total of just 122 days.
Today is 12th May.
42 days already gone. Only 80 days left.
That means nearly 34% of the statutory filing window is already over, while utilities for key ITR forms are still not released!
And once utilities come, professionals & taxpayers will be expected to complete 100% compliance in the remaining 66% time.
NO ACCOUNTABILITY. NO TRANSPARENCY. NO PREPARATION. FULL SHAMELESSNESS.
And the worst part ? Leaders of our profession never seem to raise this point each year on social media!