Wealth of Wisdom - WOW

🚨 An entire generation just got wiped out by the stock market. Millions of young South Koreans saw the stock market as their only chance to build wealth. With homes becoming unaffordable and savings falling short, many borrowed money, used margin, bought 2x leveraged semiconductor ETFs and treated short-term trading products as long-term investments. Then the markets turned. According to Citi, Korean retail investors have lost an estimated $38.7 billion (₩56 trillion) on leveraged products. More than 3.6 lakh margin accounts were forced into liquidation. 62% of those affected were below the age of 35. Margin loans had reached a record ₩38.6 trillion, triggering a vicious cycle of forced selling that pushed prices even lower. Many investors are still holding their positions, which means the story isn't over yet. The lesson is simple: A market correction hurts. Borrowing to invest can turn it into a financial crisis. Srikanth Matrubai | ARN-51423 AMFI Registered Mutual Fund Distributor #DontRetireRich Mutual Funds are subject to market risks Read all documents carefully before investing

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"I'll Do It Tomorrow" often turns into deadline-day panic. Don't wait for July 31, 2026 to file your ITR-1 & ITR-2 for AY 2026-27. Reconcile your documents and file ITR-1 & ITR-2 for AY 2026–27 today! 🔗 www.incometax.gov.in

Photo from Srikanth Matrubai

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These Transactions Can Invite Income Tax Scrutiny. Save this checklist for future reference: • Cash deposits in Savings Account: ₹10 lakh or more (aggregate in a financial year) • Cash deposits in Current Account: ₹50 lakh or more • Cash payment towards Credit Card bills: ₹1 lakh or more • Credit Card payments through banking channels: ₹10 lakh or more (reported transaction; not a violation by itself) • Purchase or Sale of Immovable Property: ₹30 lakh or more (or lower if reported under local stamp duty rules) • Fixed Deposits: ₹10 lakh or more in a financial year • Foreign Travel or Forex Purchases: ₹10 lakh or more • Investment in Shares, Mutual Funds, Bonds, Debentures, etc.: ₹10 lakh or more • Cash withdrawals from one or more current accounts: ₹20 lakh or more (subject to applicable provisions) • High-value UPI transactions: No official reporting threshold has been notified. The widely circulated ₹50 lakh limit is not an Income Tax rule.

I noticed something about environment. When you are surrounded by broke people, it starts to feel like everyone is struggling, like the economy is collapsing and no one has money, and even if you do, you start thinking you might lose it. When you are around entrepreneurs and people who are building things, it feels like money and opportunities are everywhere, even when you personally have less. Your environment shapes what you believe is possible. ⚠️Learn something New💯

EVERY INDIAN SHOULD KNOW AND KEEP IT IN PHONE REAL ESTATE SCALE: •1 Gaj = 9 Sq. Ft •1 Acre = 43,560 Sq. Ft •1 Bigha = 1,600 – 2,990 Sq. Yards (varies by state) •1 Katha = 1,361 Sq. Ft •1 Marla = 272.25 Sq. Ft •1 Guntha = 1,089 Sq. Ft •1 Sq. Meter = 10.764 Sq. Ft •1 Hectare = 10,000 Sq. M (≈ 2.47 Acres)

Plan for what can go WRONG too !!! Have a back up plan. Plan B always helps Srikanth Matrubai ARN-51423 | AMFI Registered Mutual Fund Distributor Disclaimer: Mutual Fund investments are subject to market risks. Read all scheme-related documents carefully before investing

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Income tax return filing last date - 31st July.

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## Your Income Tax Return Is No Longer Filed in Isolation. Your AIS, Form 26AS, TDS records, bank interest, dividends and capital gains are all cross-verified. Even a small mismatch can lead to a notice or a request for clarification. Before clicking 'Submit', take 15 minutes to review these 8 areas: ✔ Supporting proofs for deductions and exemptions ✔ AIS & Form 26AS reconciliation ✔ Correct ITR form ✔ All sources of income disclosed ✔ Capital gains reported correctly ✔ Income from previous employer included (if applicable) ✔ File before the due date ✔ Verify your ITR after filing The fastest way to file isn't always the smartest. The goal is not to file early. The goal is to file accurately. *Source: The Economic Times* *For educational purposes only. Please consult your Chartered Accountant or tax advisor for advice specific to your circumstances.*

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Foreign bank accounts & Foreign investments showing in your AIS? It’s a taxpayer facilitation measure by the Income tax department. With data shared from 100+ countries, pre-verifying foreign assets before filing your ITR is now smooth & seamless. Quick 4 Step Access: 1️⃣ e-Filing Portal ➡️ AIS 2️⃣ Go to Compliance Portal 3️⃣ Select Reports ➡️ Foreign Assets Information 4️⃣ Select Year & Download PDF 📄 Whether listed in AIS or not, declaring all foreign assets in Schedule FA is mandatory before filing your ITR. 🔗 eportal.incometax.gov.in