Wish Tree Consultants Private Limited

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Wish Tree Consultants Private Limited We are Unique Income tax/ GST Consultants in Chennai.

You’ve come to the right place if you are looking for a one-stop, personalized Income Tax / GST filing with an expert team of Tax professionals at an Affordable Price.

🇮🇳 Happy Independence Day!Freedom empowers us. Responsibility guides us.As we celebrate the spirit of independence, let ...
15/08/2026

🇮🇳 Happy Independence Day!

Freedom empowers us. Responsibility guides us.

As we celebrate the spirit of independence, let us continue to build a stronger, honest and prosperous India together.

Proud to be Indian. Proud to serve you.

Warm wishes from
WishTree Consultants 🇮🇳

💡 GST Paid = ITC Available?❌ Not Always!Many businesses believe that paying GST automatically means they can claim Input...
06/08/2026

💡 GST Paid = ITC Available?

❌ Not Always!

Many businesses believe that paying GST automatically means they can claim Input Tax Credit (ITC). That's one of the most common GST misconceptions.

Before claiming ITC, ask yourself:

✅ Is there a valid tax invoice?
✅ Is the purchase for business purposes?
✅ Has the supplier complied with GST requirements?
✅ Are the conditions under the GST law satisfied?
✅ Is the credit blocked under Section 17(5)?

Claiming ITC without proper verification can lead to:
❌ Reversal of ITC
❌ Interest and penalties
❌ GST notices
❌ Unnecessary compliance issues

📌 In this carousel, we've explained the basic checks every business should perform before claiming ITC.

A few minutes of verification today can save you from costly mistakes tomorrow.

💬 Question for Business Owners:
Do you verify your GSTR-2B before claiming ITC?
Comment "YES" or "NO" below.

Need help with GST compliance?

WishTree Consultants

📞 81244 22221

🌐 www.wishtreeconsultancy.com

📧 [email protected]

⚠️ Disclaimer: This post is for general educational purposes only and does not constitute professional advice. Eligibility to claim ITC depends on the facts of each case and compliance with the CGST Act, 2017 and related rules.

🚨 F&O Income = Capital Gain? Think Again!Many traders make one costly mistake while filing their Income Tax Return.📌 F&O...
05/08/2026

🚨 F&O Income = Capital Gain? Think Again!

Many traders make one costly mistake while filing their Income Tax Return.

📌 F&O (Futures & Options) income is generally treated as Business Income under the Income-tax Act—not Capital Gains.

Filing under the wrong head can lead to:
❌ Incorrect ITR selection
❌ Wrong turnover computation
❌ Loss of eligible tax benefits
❌ Notices and unnecessary compliance issues

👉 In this carousel, we explain:
✔️ Why F&O is treated as Business Income
✔️ Which ITR is generally applicable
✔️ Why F&O losses shouldn't be ignored
✔️ The importance of correct turnover calculation

📌 If you trade in F&O, don't file your return based on assumptions. File it correctly.

💬 Question for Traders:
Before seeing this post, did you think F&O income was treated as Capital Gains? Tell us in the comments.

📞 Need help with F&O Tax Filing?

WishTree Consultants

📱 81244 22221

🌐 www.wishtreeconsultancy.com

📧 [email protected]

⚠️ Disclaimer: This post is for general educational purposes only. The tax treatment of F&O transactions depends on the facts of each case and applicable provisions of the Income-tax Act. Please seek professional advice before making tax decisions.

🚨 Can declaring just ₹1 as Business Income extend your ITR due date to 31st August?You've probably seen this advice on s...
04/08/2026

🚨 Can declaring just ₹1 as Business Income extend your ITR due date to 31st August?

You've probably seen this advice on social media.

But before trying any viral tax hack, understand the possible consequences.

👉 In this carousel, we explain:
✔️ How Section 44AD can affect future tax filings
✔️ Why inconsistent reporting may raise questions
✔️ The risks of incorrect income reporting
✔️ Why saving a few days today may not be worth the long-term consequences

📌 Don't make tax decisions based on viral posts.
Every taxpayer's situation is unique, and the right approach depends on your actual facts and applicable tax provisions.

📞 Need help with your Income Tax Return?

WishTree Consultants
📱 81244 22221
🌐 www.wishtreeconsultancy.com
📧 [email protected]

💬 Have you come across this ₹1 business income advice on social media? Let us know your thoughts in the comments.

⚠️ Disclaimer: This post is intended for general awareness only and should not be construed as legal or tax advice. The applicability of tax provisions depends on individual facts and circumstances.

30/07/2026

⏰ FINAL WARNING: ITR filing closes tomorrow — 31st July.

Miss the deadline and you could face:
❌ Late filing fees
❌ Loss of old tax regime benefits
❌ No carry-forward of losses

Keep these ready and file NOW:
✅ PAN Card
✅ Form 16
✅ Bank Statements
✅ AIS/TIS

Don't wait till the last minute. File today.

Need help? WishTree Consultants is here for you.

📞 81244 22221
📧 [email protected]
🌐 www.wishtreeconsultancy.com

Hashtags:

26/07/2026

Only 5 days left to file your Income Tax Return! ⏳

If your return is due on 31 July, don’t wait until the last minute.

Share all pending documents and information with your tax consultant immediately and complete your filing on time.

✅ Avoid last-minute rush
✅ Avoid filing errors
✅ File within the due date

Don’t forget to file your Income Tax Return.

Wish Tree Consultants Pvt. Ltd.
Making tax simple.

📢 Good news! RBI has extended the FLA Return filing deadline.The Foreign Liabilities and Assets (FLA) Return for FY 2025...
15/07/2026

📢 Good news! RBI has extended the FLA Return filing deadline.
The Foreign Liabilities and Assets (FLA) Return for FY 2025-26 (position as on 31st March 2026) can now be filed till 31st July 2026 — extended from the earlier 15th July deadline.
📌 Also note: RBI has changed its official email for FLA queries. All communication should now go to [email protected] (the old [email protected] is no longer in use).
✅ Applicable to companies, LLPs, partnership firms, SEBI-registered AIFs, PPPs & other resident entities with outstanding FDI or ODI as on 31st March.
Use this extra time wisely — don't wait till the last moment. 💼
📞 81244 22221
✉️ [email protected]
🌐 https://zurl.co/efJGU

📢 FLA Return deadline is here — 15th July!If your business has Foreign Direct Investment (FDI) or Overseas Direct Invest...
14/07/2026

📢 FLA Return deadline is here — 15th July!

If your business has Foreign Direct Investment (FDI) or Overseas Direct Investment (ODI), the Annual FLA Return is mandatory for you. This applies to:

✅ Companies
✅ LLPs
✅ Partnership Firms
✅ SEBI-registered AIFs
✅ Public Private Partnerships
✅ Other resident entities

📌 What you need to know:
✅ Reflects your foreign assets & liabilities as on 31st March
✅ Filed online via RBI's FLAIR portal
✅ Mandatory under FEMA — penalties apply for late filing

⏰ Miss the deadline and you'll face a ₹7,500 Late Submission Fee. In more serious non-compliance cases, FEMA penalties can go up to 300% of the violation amount.

Note: Individuals are not required to file the FLA Return — this is for business entities only.

Don't wait till the last minute. File on time, stay compliant. 💼

📞 81244 22221
✉️ [email protected]
🌐 https://zurl.co/XyMBO

Not sure which Income Tax Return applies to you? Filing the wrong one can cost you more than just time.✅ ITR-1 (Sahaj) —...
11/07/2026

Not sure which Income Tax Return applies to you? Filing the wrong one can cost you more than just time.
✅ ITR-1 (Sahaj) — for individuals with income up to ₹50 lakhs from salary/pension, one house property, and other basic sources.
✅ ITR-2 (Vividh) — for those with capital gains, multiple house properties, foreign assets, agricultural income above ₹5,000, or company directorship.
⚠️ Filing the wrong return can lead to a defective return, notices from the department, penalties, and delayed refunds.
Don't leave it to guesswork — let us help you choose and file the right return, accurately and on time.
📅 Due Date: 31 July
📞 81244 22221 | ✉ [email protected] | 🌐 https://zurl.co/pQ250
Wish Tree Consultants Pvt. Ltd.
Accurate. Reliable. Compliant.

AIS, TIS & Form 26AS – Have You Checked All Three? 🧾Most taxpayers only check one document before filing their ITR. That...
10/07/2026

AIS, TIS & Form 26AS – Have You Checked All Three? 🧾
Most taxpayers only check one document before filing their ITR. That's a mistake that could cost you.
📌 AIS – Your complete financial transactions (bank, investments, property, shares)
📌 TIS – A simplified, summarized view of AIS for quick review
📌 Form 26AS – Your tax credit details (TDS, TCS, advance tax)
If even one of these doesn't match, you risk an Income Tax notice. 🚨
Before you file your ITR, cross-check all three. Confused about the process? We're here to help.
📞 8124422221
🌐 www.wishtreeconsultancy.com

Address

NO 15 BLOCK NO 4 GROUND FLOOR GATE NO 1 JEEVAN BHIMA NAGAR ANNA NAGAR WEST EXTENSION
Tamil Nadu
600101

Opening Hours

Monday 10am - 7pm
Tuesday 10am - 7pm
Wednesday 10am - 7pm
Thursday 10am - 7pm
Friday 10am - 7pm
Saturday 10am - 7pm

Telephone

+918124422221

Website

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