Parul Maheshwari CFP

Mutual Funds

[Parul Maheshwari CFP @parul1821]

Income tax site is not working since morning. Kindly resolve at the earliest @IncomeTaxIndia

[Parul Maheshwari CFP @parul1821]

I am unable to pay icici bank credit card bill. Tried all options @ICICIBank_Care @ICICIBank

[Parul Maheshwari CFP @parul1821]

@amazonIN flight inflates price while booking, took hours to confirm and before their confirmation prices slashed yet booking was done at higher price only . Impossible to connect to @makemytrip call centre . No email or chat option is available. Pathetic experience.

[Parul Maheshwari CFP @parul1821]

@jiocare is there any chance of restoration of internet services. It's been more than 24 hrs now that internet is not working.

[Parul Maheshwari CFP @parul1821]

#JioFiber has been down since yesterday night and is not working at all. It's been happening time and again now. Please do something to resolve it at the earliest. #Internet

[Parul Maheshwari CFP @parul1821]

First you make the customer order more than what he needs to waive off the extra delivery charge and then cause inconvenience by delivering at different times. Moreover person ordering needs to be available to give OTPs instantly on every delivery. Isn't it weird!

[Parul Maheshwari CFP @parul1821]

All #ecommerce apps ask for a minimum order to waive the delivery charges But mostly , items of order are delivered at different times. Doesn't this increase their delivery cost? #onlineshopping #fashion #grocery

[Parul Maheshwari CFP @parul1821]

@zerodha @StoxMentor @ipo_mantra The process explained here mentions deleting the application and rebid if UPI mandate is not received within reasonable time. Is the process of deleting the application available in @zerodha

[Radhika Gupta @iRadhikaGupta]

I saw this myself. A harrowed (don’t blame him) airline staff told me the average wait time at security was 256 minutes.

256 minutes.

Was fortunate to make the flight because of the kindness of @airvistara staff but do hope it is addressed.

[Parul Maheshwari CFP @parul1821]

#HDFCbank website is not working since atleast 2 hrs.. No OTP is coming on sms or call. Even the UPI payments are failing. @HDFCBank_Cares

[Prashant Mahesh @Prashantm1405]

With toll collected electronically, they should be a mechanism to refund all money collected in last three months also #toll

[Muthukrishnan Dhandapani @dmuthuk]

I'll tell you how unfair GST works. Let us take a mutual fund distributor. Forget about me. As BJP trolls certify, I'm ultra rich. Let's talk about a mutual fund distributor who is having a revenue of Rs.24 lakhs per annum. After deducting for expenses like petrol, mobile, stationery etc.; he pays tax like any other individual on income. But where he gets punished is around Rs.4 lakhs is paid by him as GST.

He cannot pass on GST to his consumers, the investors. He doesn't have much scope to claim input credit. Is not Rs.4 lakhs, a huge burden placed on a middle class guy, over and above the income tax he pays?

There may be many such professions or instances, where people pay 18% GST as extra tax, over and above income tax, because they can neither pass it on to end customers nor have much scope for input credit.

Whether anyone in finance ministry think about these people? How burdened these people are? Many of them may be self employed middle class professionals.

It is tax, tax and more tax.

@narendramodi @nsitharaman

[Parul Maheshwari CFP @parul1821]

No announcement has been made for 87A rebate whether it still exits or not . Anyway as of now it is given on salary income above 7 lakhs also in the utility and not given on capital gains even if income is less than 7 lakhs. So slab hardly matters.#UnionBudget24

[CA Pooja Gupta @cagurujii]

If we calculate Tax on 7 Lakh as per new slab announced in #Budget2024 tax amount comes to Rs.20,000,
While Rebate u/s 87A is Rs.25000 @nsitharamanoffc mam forget to change Rebate for FY 2024-25...???
#IncomeTax #slabrate #caguruji

[Parul Maheshwari CFP @parul1821]

Buybacks will be taxed from 1st October this year similar to dividends.but cost of acquisition of shares bought back can be treated as capital loss.#Budget2024

[Parul Maheshwari CFP @parul1821]

#Buyback of shares of listed cos is exempt from tax in hands of shareholders since 2019. Still the capital gains reports issued by brokers continue to include it in total gains. Most will forget to exclude these buyback shares from capital gains while calculating tax.#incometax

[Parul Maheshwari CFP @parul1821]

#IncomeTax Advance tax for FY 23-24 was calculated and paid while taking into account #87A rebate. Now at least tax payers should be exempted from paying interest on tax payable on #STCG if the interpretation and applicability is changed retrospectively.

[Parul Maheshwari CFP @parul1821]

Before the new #Budget2024 speech next week, clarifications should be issued on the sudden changes made in the utilities relating to #newregime and #87A rebate. We should move to new chapter only when doubts related to old chapters are resolved.#directtax #incometax #CA

[Parul Maheshwari CFP @parul1821]

There is no tax on total income upto 7L under new regime was a myth. Reality is that #87A rebate is applied only income taxable at normal rates.A sudden change in the utility in the midst of return filing season plus no exemption for interest on tax payable also. #IncomeTax

[Parul Maheshwari CFP @parul1821]

Not only the tax, interest on deferent of advance tax will also be levied under section 234C . If 87A of income tax doesn't include STCG, many people come in tax bracket even when the total income is much less than 7 lakhs which was supposed to be exempted.

[Mohit joshi @Mohitjo56753093]

Imp update ‼️ 87A rebate is not available for STCG on shares and equity 111A, therefore calculate your tax liabilities accordingly

Im sharing it because Income tax calculator provided by Income tax portal is showing wrong calculation and showing rebate.👍🏻

[CA Harshil sheth @CA_HarshilSHETH]

We need clarification on the REBATE u/s 87A for New regime

The false processing of ITR will be huge headache otherwise

@theicai @IncomeTaxIndia

1. whether there is max.cap limit in 2nd provisio of 87A upto 25000 for New regime ?
2. whether 87A rebate is avaliable on Special rate of income inclu STCG 111A in new regime?

check below case in pic-1
position before 5th july - rebate 55750
position after 5th july - rebate 0

pl clarify this anamoly asap

PS- Intention of law vs
Drafting of law vs
Implementation of law ( check grivance)

[Parul Maheshwari CFP @parul1821]

#Incometax return filing shows this page after selecting ITR type and all the schedules repeatedly .Is this some technical glitch?