Lmao (not the OP)

Quite curious about this because my understanding is that government is more watchful about cash credits. So would transactions like someone paying u through Wise/Brex/Paypal and the likes get recorded with expectation of us declaring it as extra income for tax ? I am not talking of inward remittance. Another example is u held some paytm gold for few years but now u sell some of it. Is it ok not to mention any of this while filing ITR? Anyone has some experience do share.

I still can’t comprehend the tax system in India. We pay almost 30-33% tax to govt n pay gst of 10-18% on every product that we buy n not to forget exercise duty on petrol/ diesel. What do we get back in return? Health insurance nope! Free education nope! Not even decent interest rates on loans and any political party is just an other party which loots people in the name of democracy. My neighbour is a fruit vendor who holds multiple stalls but never heard him paying tax. Whats the way forward as no political party pays heed and only handful pays the tax.

Since I am Done-Zo with Dunzo, AMA anything. Here to spill all the scoop that’s happened.

I see many of my colleagues consulting CAs for ITR filing and getting huge returns. What I gathered from their filings were bogus Health Insurance claims, fake HRA claims etc being utilised for showcasing huge deductions. These filings were done along with ITR 2 to somehow bring down the income. Can anyone shed light on this practice? Are these legitimate CAs ? Is this not illegal? Don't they get caught ? Note: This post is not to undermine CAs, but to understand how few CAs are doing this ? And is there really a way to decrease your taxable income, without having legitimate investments in the first place.

Alert: a rant post Today I saw my payslip after a long time and WTH! I don't know what they'll take once bonus comes in. Paying this much for no water, bad air, corrupt babus and all those douche things. As much as patriotic I am, this is just insane. On top of this add all the GST and sheet ton of other indirect taxes. Living in India and paying like Europe. Wow!

Think outside the box. Don’t say you’ll put in fd. I’ll spend it on- 1. Buying a house 2. Investing in a few startups who’re truly trying to change the status quo 3. Go on a one month euro tour

I am salaried & have opted for new tax regime. I have zero liability (no EMIs, etc). Closed both my home loan & car loan. I live in my own house. My yearly tax comes out to be around 12 Lakhs. I want to know if there is a scope to save taxes continuing with zero liability. I would not mind appointing a CA but I have no idea how to choose the best CA. 1. How much does a CA charge annually? 2. Is it really worthwhile to have a CA given the above? 3. What are some questions I must ask the prospective CAs so that I can assess their capability? 4. Salaried people that have already appointed a CA can share their experiences. 5. Is there any off-the-shelf ideas I can get here to save taxes?

Three people died and six were injured after a portion of the roof of the Delhi airport's Terminal-1 fell on cars, including taxis, Delhi Fire Services officials said. These were pre-monsoon rains only, as monsoon is yet to arrive in the city. Prime Minister Narendra Modi virtually inaugurated Terminal 1 of the Indira Gandhi International Airport in Delhi on March 10, 2024. The roof of the Dumna Airport in Jabalpur, which was renovated at a cost of around Rs 450 crore and inaugurated by PM Narendra Modi on 10 March 2024, could not last the first rain. Crores were spent to build Ayodhya as a high-tech city. But after the first rain, newly-built areas are submerged in water. There have been many more examples since we gained independence in 2014.