Tax consultants| Investments| Advisory Services| NRI Tax Experts
Joined April 2020
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Galactic Advisors retweeted
You should book 1 lakh in long term capital gains every year.
But don't forget the devil in the detail.
Here's everything you need to know:
thegalacticadvisors.com/post…
Galactic Advisors retweeted
Optimize for your 401K/ IRA in India
If you are an NRI returning to India, there's an important update to taxation of Foreign Retirement accounts in India. This includes all of the following:
🪙 Traditional or Roth 401K
🪙 Traditional or Roth IRA
Galactic Advisors retweeted
Budget 2022:
A master thread - Let's go 🚀
Will cover all things that matter for individuals and try to simplify things.
#Budget2022
Galactic Advisors retweeted
How are investments in REITs taxed in India? 🏢
With multiple REITs available now in India (Embassy, Mindspace, Brookfield), you really should understand the tax implications on investing in REITs.
A Thread 🧵
Galactic Advisors retweeted
Friendly reminder: You DON'T NEED TO REGISTER anywhere to start a business.
- No GST registration
- No need to start a Company
- No Udyam registration
You can start in your individual name. It's called a "sole proprietorship"
Galactic Advisors retweeted
ITR 1 to ITR 4 - The pain of choosing an ITR
Not sure which ITR you should use? We've got you covered.
A thread 🧵
#ITR #Incometax #efiling
Please retweet and share 🚀
thegalacticadvisors.com/post…
Galactic Advisors retweeted
Filing taxes for US investments does not have to be complicated. We have collaborated with @GalacticAdvisor, a leading taxation advisory firm, to bring you a webinar that covers everything you need to know about taxes on US investments.
Register here: bit.ly/3FknIQu
We're doing another session with @Vested_finance for simplifying tax on US investments. Don't miss it this time! 🚀
Filing taxes for US investments does not have to be complicated. And Galactic Advisors always strives to simplify!
Register here: bit.ly/3FknIQu
Galactic Advisors retweeted
Have you switched jobs in the middle of the financial year?
After over 1000 hours of research, here's the most common mistakes and how you can avoid them.
4 things you need to do:
A THREAD 🧑💻
Galactic Advisors retweeted
Interesting insights here:
"Investors and their advisors wanted to be able to customize:
1. The maximum amount of taxable gains realized while trading their portfolio (in both dollar and percentage terms)
For the last year at @OSAMResearch, we’ve been building.
Excited to share this new post that shares the lessons we've learned. We now believe the future of asset management will be defined by a new category: "custom indexing."
More in this thread...
canvas.osam.com/Commentary/B…
Galactic Advisors retweeted
It's advance tax time.
Here's a master guide on how you can save 1% interest every month.
A master thread on everything advance tax🧵
Go ahead and RT! 🚀
Galactic Advisors retweeted
Tax filing season is upon us.
Here's an income tax 101 for the absolute beginners.
#tax #incometaxIndia #ITR
🧵
Galactic Advisors retweeted
Compliance burden reduced for GST Taxpayers.
👉Taxpayers with AATO upto Rs. 5 crore not required to file the reconciliation statement in Form GSTR-9C for FY 20-21 onwards.
👉Taxpayers with AATO above Rs. 5 crore can now self-certify the reconciliation statement in Form GSTR-9C.
Galactic Advisors retweeted
We are as excited about the new portal as our users!
We are at the final stages in the roll-out of the new portal and it will be available shortly. We appreciate your patience as we work towards making it operational soon.
#NewPortal
Galactic Advisors retweeted
CBDT notifies all ITR Forms 1 to 7 for AY 2021-22 vide Notification no. 21/2021 in G.S.R 242(E) dated 31/03/2021. To facilitate taxpayers & to minimize the compliance burden, no significant changes have been made in the ITR Forms this year as compared to last year’s Forms.(1/2)
Galactic Advisors retweeted
Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021.
Orders issued by oversight shall be withdrawn. @FinMinIndia @PIB_India
Galactic Advisors retweeted
Central Government extends the last date for linking of Aadhaar number with PAN from 31st March, 2021 to 30th June, 2021, in view of the difficulties arising out of the COVID-19 pandemic.(1/2)
@nsitharamanoffc
@Anurag_Office
@FinMinIndia
Galactic Advisors retweeted
Thanks for sharing this, many are fretting. This shall help.
Yes. Slightly silly to be honest.
What we've seen is most people who received the message have missed reporting interest on fixed deposits or savings accounts.
thegalacticadvisors.com/post…
Galactic Advisors retweeted
With regard to reports in certain sections of media on withdrawal of old series of ₹100, ₹10 & ₹5 banknotes from circulation in near future, it is clarified that such reports are incorrect.
