UNCULTURED TRADER
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For Queries: @Uncultured_trader_bot🇮🇳 I am not a SEBI Registered.This channel is purely for education and training purposes only.I will not be liable for any of your losses or gains Please consult with your financial advisor before making any decision
نمایش بیشتر946
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آرشیو پست ها
Mint (Market,tech and latest news) YearlY Subscription Giveaway Tomorrow At 1Pm ✅
https://x.com/UnculturedTrade?t=DlAGMHTJBUb7OFtaUe18XA&s=09
Follow & Send ss to:- @Uncultured_Trader_Bot
First one will get the account
Salary of Rs. 18L, which Tax Regime to choose
New Tax Regime - 1,29,833.60₹ Tax Liability
Old Tax Regime - 1,88,136₹ Tax Liability
Shall we do a voice chat on Sunday? (Technicals + Fundamentals + Personal Finance Related doubt clearing)
🔸Salaried Person Claimed Fake Exemption/Deduction🔸
→ What are the consequences
Many Salaried Taxpayers are seen claiming Fake exemptions [HRA, LTA etc] or Deductions
[U/S 80C, 80D, 80CCD, 80DD, 80G etc] for reducing Tax Liability or claiming Excess Refund
What are the consequences of claiming Fake exemptions/Deductions?
1️⃣ 133(6) Notice for submitting evidence of claiming exemptions/Deductions 2️⃣ 143(2) Scrutiny notice 3️⃣ 147 Income Escaping Assessment proceedings 4️⃣ 200% Penalty U/S 270-A 5️⃣ Your PAN will be flagged for Future yearsHow to Avoid
→ Don’t claim Fake Deductions/Exemptions in your ITR → File Revised return if any Fake Deduction/Exemption claimed → File updated Return if time for ITR Revision has gone
