Vedavyas Ananthagiri

CA! Madhwa Brahmin! Batman fan! RF admirer! Naham Karta Harih Karta!

[Wimbledon @Wimbledon]

Roger Federer hitting up at #Wimbledon again in all its glory 🥰

[shankar.j @JoraShankara]

Full video:
https://t.co/4RdvrqQdTR

[Abhas Halakhandi @AbhasHalakhandi]

Important but often-overlooked point on House Property under the New Tax Regime!!

In New regime :-

📌Loss from HP head cannot be set off from any other head -S.115BAC(2)(ii) (loss may arise as Interest on SOP is not allowed but on Let Out Property,it is allowed)
[In Old Regime,inter head Set off is allowed;Max 2 Lacs]

📌Loss,if any in HP head cannot be Carry Forward to next year-S.115BAC (3)
[same is allowed in Old regime without any cap]

[realhyderabad @realhyderabad86]

Buying property from an NRI? Don't go into the transaction without having a CA! Or understanding your tax liability.

Understand the TDS shock before making any payment.

Example 1: ₹3 Cr flat—long-term property

Effective TDS rate: 14.95%

TDS on the full ₹3 Cr consideration:

₹44.85 lakh

You pay the NRI seller ₹2.5515 Cr and deposit ₹44.85 lakh with the government.

Example 2: ₹5 Cr villa—short-term property

Effective TDS rate: 39%

TDS on the full ₹5 Cr consideration:

₹1.95 Cr

You pay the NRI seller ₹3.05 Cr and deposit ₹1.95 Cr with the government.

This is not an additional amount over the property price. The buyer deducts it from the amount payable to the NRI seller.

Without a Lower TDS Certificate, TDS is generally deducted on the gross sale consideration—not merely on the seller’s capital gain.

The seller’s final income tax is calculated on the actual taxable gain and excess TDS can be claimed as a refund.

Before paying even the booking advance to an NRI seller, involve a CA.

Please read this.

[Abhas Halakhandi @AbhasHalakhandi]

Reporting of Buyback in ITR (Infosys and Others) for AY 26-27

📌Report buyback proceeds as Dividend u/s 2(22)(f) under Income from Other Sources.

📌Cost of shares will be claimed as capital loss -STCL/LTCL based upon holding period

📌If AIS shows it as Sale of Securities, give feedback -Information is duplicate/included in other information (i.e. included as Dividend)

Officially, from 01-10-2024 buyback consideration is treated as dividend u/s 2(22)(f), and for capital gain computation the consideration is taken as nil, resulting in capital loss

[postlate @postlatecom]

كان عندي 19 كيلو زيادة، وبطني كبير مرة وذقني مزدوجة، وكان لازم أوصل لنسبة دهون 13% قبل نهاية الصيف. وقدرت أسويها بهالقاعدة 25:

القاعدة 1: وقفوا الجري (حفاظًا على الركب).

[𝕾𝖎𝖗 𝕮𝖍𝖗𝖎𝖘 @eagleseyeinc]

get a haircut every 2 weeks to stay sharp, wait 5 secs before answering the phone to control the rhythm, always arrive 15 mins early, stay away from free lunches, never talk about people who aren't in the room and when anger rises, wait 10 mins before reacting. these habits may look rigid but they're the hidden discipline of the elite.

[Narendra Modi @narendramodi]

Greetings on Chartered Accountants' Day to the entire CA fraternity. They have long been trusted partners in India's economic journey. Through their commitment to transparency and professional excellence, they strengthen our financial systems, support businesses, encourage entrepreneurship and inspire confidence among investors. Their expertise contributes significantly to economic growth and nation-building. As we move towards becoming a Viksit Bharat, their efforts help create an environment where enterprise can flourish and opportunities can expand for all.

[LOTR Universe @Lordoftheringsu]

Viggo Mortensen is Aragorn himself, because no one else could have portrayed the role so perfectly.

[Electra @Electrarythm]

Do not fall for this trap

[Prompter @PromptLLM]

Crazy take from Claude

[Tom Cruise @TomCruise]

For the last 46 years, it has been my privilege to work alongside countless talented artists and crews to create these characters, stories, and films for you all.

I'm looking forward to seeing you at the movies! DIGGER. Only in theaters this October.

[Pratibha Gupta @PratibhaGoyal]

DPT-3 due date extended!

[Vedavyas Ananthagiri @vyas208]

@cadeepakgupta_ [email protected]

[Kanan Bahl @BahlKanan]

LIC made a profit of ₹23,469 crore in the last 3 months.

It's more than any other company in the country*. Not even Reliance, SBI or HDFC Bank made such profits.

However, a large part of these profits come from the LOSSES their policyholders bear.

How? If you can't pay premium in the second year, you lose 100% of your investment.

Your insurance company is not bound to pay you anything in the case of long-tenure traditional policies.

If you can't pay after the 3rd year, you LOSE 70% of your investment.

For the 5th year, this amount is 50%.

The shocking part is that 36% of LIC's policies lapse in the second year.

Meaning that policyholders lose everything they invested on 36% of the policies.

For the 5th year, this number is 50% (persistency ratio).

Even if you abide by all the conditions, you get back just 4-6% returns.

The government and the regulator need to work on slashing the first-year commissions to agents (the biggest cause of low persistency) and increasing surrender value amounts for customers.

Retweet if you agree🔁

[Rafa Nadal @RafaelNadal]

Look who I found in Madrid! ☺️

[tic toc tic @TicTocTick]

While India has 6% of world land, it has over 50% of world flora and fauna.

Most endangered and near extinct animal lives in India 🇮🇳

Only country where you can be in prairie, 10 mile high hills, desert, forest, and then coastal beach within one day.

#TriviaTic

[Agnīdhra @Agnidhra_]

Stotrasampuṭam Of Sri Raghavendra Swami...compilation of stotras composed by him

https://t.co/QYTrmJSlnX

[shankar.j @JoraShankara]

One of my favourite pravachana about Sri Narasimha Avatara:

https://t.co/UhxRFUl0eE