π¨ ITR Filing Update for FY 2025-26!
ITR-1, ITR-2 and ITR-4 forms are now live, but filing your return immediately may not always be the best idea.
Before filing, make sure:
β
Your AIS is updated
β
Form 26AS reflects all TDS entries
β
All quarters' TDS has been reported
β
Your income details match across all records
If no TDS was deducted during the year and you've already verified your income through bank statements and other documents, you may be ready to file your ITR.
A little patience today can help you avoid notices, mismatches, and revised returns later.
π Save this reel for your ITR filing checklist.
π² Follow for more tax and compliance updates.
CA Neha Gupta
Spreading knowledge and awareness
12/06/2026
π¨ 7 GST Myths That Can Cost Your Business Money! π¨
Many business owners unknowingly make GST mistakes because of common misconceptions. These myths may seem harmless, but they can lead to penalties, notices, loss of Input Tax Credit (ITC), and compliance issues.
π In this carousel, we debunk 7 common GST myths:
β
GST registration is mandatory for every business
β
No sales means no GST return filing
β
GST collected belongs to the business
β
ITC is available on every expense
β
Small GST mistakes don't matter
β
GST applies only to goods
β
Supplier charged GST = ITC guaranteed
Understanding the facts can help you stay compliant and avoid costly errors.
π¬ Which GST myth surprised you the most? Let us know in the comments.
π² Save this post for future reference and share it with fellow business owners.
Can you really get your GST Registration in just 3 days? π€
Yes, under Rule 14A, eligible applicants may receive GST registration much faster than the normal process. But before choosing this route, it's important to understand the conditions attached to it.
A faster registration sounds great, but if your future output tax liability crosses the prescribed limit, you may have to withdraw this registration and switch to the regular process.
That's why GST registration shouldn't be chosen based only on speed. Always evaluate your business needs and future growth plans before applying.
π Save this post for later.
π€ Share it with a business owner who is planning to take GST registration.
Follow for more GST, Tax & Business updates.
Many people assume that gifts given to a fiancee are tax-free, just like gifts between spouses. But the tax rules are different before marriage.
If you're planning to gift cash, jewellery, a car, or any other asset to your fiancΓ©e, make sure you understand the tax implications first.
Have a tax question? Drop it in the comments and we might answer it in our next reel.
03/06/2026
Same income. Different tax outcomes. π°
A salaried employee, a professional, a business owner, and a crypto investor can all earn βΉ20 Lakhs and still pay vastly different taxes.
Understanding your income type is the first step toward smarter tax planning.
π¬ Which one surprised you the most?
π Could a Capital Gains Tax Review Boost the Stock Market?
Recently, Finance Minister Nirmala Sitharaman indicated that investor concerns around Long-Term Capital Gains (LTCG) and Short-Term Capital Gains (STCG) taxation are being considered for review.
If any relief or changes are introduced, it could improve investor sentiment, encourage greater participation from retail investors, and potentially attract more foreign investments into India. While there's no confirmation of a tax cut yet, the discussion itself has caught the attention of the investment community.
Of course, stock market movements depend on many factorsβincluding global events, economic growth, corporate earnings, and investor confidence. So for now, it's a case of watching developments closely.
π¬ What do you think?
Should LTCG and STCG tax rates be reduced? If yes, what do you think would be a fair rate?
π Share your thoughts in the comments.
29/05/2026
πΈ 7 Income Tax Myths Business Owners Still Believe
Many business owners unknowingly make tax decisions based on assumptions, hearsay, or outdated advice. Unfortunately, these myths can lead to missed savings, compliance issues, or even unwanted notices.
Here are a few common misconceptions:
βοΈ Cash transactions are still taxable
βοΈ GST registration does not automatically trigger an Income Tax notice
βοΈ Home loans don't always guarantee tax savings
βοΈ Gifts are not always tax-free
βοΈ Filing your ITR is not the same as tax planning
Smart tax management starts with facts, not assumptions.
Which tax myth have you heard the most? Let us know in the comments. π
π© Need help with ITR, GST, accounting, or tax planning? Feel free to connect.
Can depositing cash in your wifeβs account save you from an Income Tax notice?
Is cash salary really tax free?
And can multiple bank accounts help you avoid tax tracking?
These are some of the most common Income Tax myths people still believe. In this reel, we break down all 3 questions in the simplest way possible with real facts and practical understanding.
Donβt make financial decisions based on misinformation. Watch till the end and stay aware!
π¬ Drop your tax-related questions in the comments for the next video.
π Follow for more easy Income Tax & GST content.
Most F&O traders think that if they trade occasionally or are in loss, they can simply show it under βIncome from Other Sourcesβ and file a normal ITR. But thatβs not how it works.
F&O income is generally treated as non-speculative business income, which may require filing ITR-3 along with proper records and reporting. Even losses have specific tax treatment rules, and incorrect filing can create problems later.
Before filing your return, make sure you understand the correct compliance requirements instead of relying on assumptions.
Save this reel and share it with someone who trades in F&O.
20/05/2026
π
June compliance deadlines are here β and missing them can mean penalties, interest, or unnecessary notices.
From TDS/TCS payments to GST filings and advance tax instalments, staying on top of due dates keeps your business compliance smooth and stress-free. β
Hereβs a quick list of important June 2026 due dates every business owner and taxpayer should keep handy π
β’ 7 June β TDS/TCS Payment
β’ 11 June β GSTR-1 Filing
β’ 13 June β GSTR-1 IFF (QRMP)
β’ 15 June β Advance Tax Installment
β’ 20 June β GSTR-3B Filing
β’ 25 June β PMT-06 / QRMP Payment
Save this post for future reference π
Share it with someone who handles GST or accounting πΌ
Need help with GST, TDS, accounting, or tax compliance?
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