NSH - CA

Save Long Term Capital Gains Tax by Investing in a House

Under section 54 and section 54F, if you re-invest the sale amount from selling a long-term capital asset into a residential property, you don't have to pay tax on the capital gains !

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Celebrating 45 years of
ethics, integrity and trust !

Income Tax Department Cracks Down on Bogus Claims of Deductions & Exemptions :

The Income Tax Department initiated a large-scale verification operation across multiple locations in the country on 14 th July 2025, targeting individuals and entities facilitating fraudulent claims of deductions and exemptions in Income Tax Returns (ITRs).

Analysis reveals rampant misuse of deductions under sections 10(13A), 80GGC, 80E, 80D, 80EE, 80EEB, 80G, 80GGA, and 80DDB. Exemptions have been claimed without valid justification.

Taxpayers are often lured into these fraudulent schemes with promises of inflated refunds in return for a commission.

The Department is now poised to take stern action against continued fraudulent claims, including penalties and prosecution wherever applicable.

Kind Attention Taxpayers !

has decided to extend the due date of filing of ITR's, which are due for filing by 31st July 2025, to 15th September 2025.

This extension will provide more time due to significant revisions in forms, system development needs, and credit reflections. This ensures a smoother and more accurate filing experience for everyone.

Formal notification will follow.

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We invite you for a very interesting and informative session on the topic of : Bharat - Barso Se Parso Tak

by : Mr. Ashish Pimpley, Deputy Zonal Head, HDFC AMC ... who has 19 years of experience and is a very good speaker and has conducted over 1,000 sessions !

Date and Time :
Saturday, 09 March 2024 - 06:30 pm

Venue :
Dadsaheb Darode Hall,
Agarkar Road, Near BMCC,
Shivaji Nagar, Pune - 411004

Location :
https://maps.app.goo.gl/DYi26w4jyBnBftf47

Registration Link :
https://forms.gle/7odcPG814wSVJvZR9

Session will be followed by dinner !

Warm Regards,
PROSPERiTREE / NJ Wealth

Request you to kindly LIKE / SHARE this post.

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Watch this heart-touching short film starring Mr. Kafeel Jaffri ... and then do something special this Diwali with your loved ones ...

https://youtu.be/1D4-dyJQP-g?si=_7R7Y79NnDN0tx4W

Special Diwali - Kafeel Jaffri Heart-touching short film starring my friend, Kafeel Jaffri ... and then do something special this Diwali with your loved ones ...

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This Dussehra,
lets get rid of
Bad Habits
and
Start Practising
the Right Ones
that lead us to a
Prosperous Future !

As one gets more experienced in the investment journey, there is an ever increasing feel that defeating Mr. Market through direct stock is way too difficult over the long term.

For most common people / retail investors like us, Investing through in 4-5 good Mutual Funds over long years can do wonders and create awesome wealth !