Investment and Asset Taxation Services
Capital gains, crypto, and property transactions come with complex reporting rules. I help you navigate these to ensure accurate filing and compliance, avoiding unnecessary tax notices.
The ITR-2 and ITR-3 Excel utilities have been released. This allows taxpayers with capital gains from sources like stocks, property, or crypto to file their returns offline with ease.
Since FY 2020-21, dividend income is taxable according to your income slab rate. I ensure you report it correctly under "Income from Other Sources" and help you use Form 15G/15H to avoid TDS if you are eligible.
The tax rules for mutual funds for FY 2024-25 have changed. This visual explains the new tax rates for Short-Term Capital Gains (STCG) and Long-Term Capital Gains (LTCG) on both equity and debt funds.
The Cost Inflation Index (CII) for FY 2025-26 has been announced as 376. This index is essential for calculating Long-Term Capital Gains (LTCG) on assets like property and gold for the assessment year 2026-27.
The Cost Inflation Index (CII) for FY 2023-24 was set at 348. This is a key figure I use to calculate the indexed cost of acquisition for your long-term capital assets, reducing your taxable gains.
There has been an amendment in capital gains under Section 54. The exemption you can claim on reinvesting capital gains is now restricted to a maximum of Rs. 10 crore.
Similar to Section 54, the capital gains deduction under Section 54F has also been amended. The maximum deduction is now capped, and any investment over that amount will be ignored for exemption purposes.
Did you know an unregistered buyer can claim a refund of GST on a cancelled flat? I can guide you on the process to claim this refund from either the builder or the government.
If you fail to declare the purchase of an immovable property valued at more than 50 lakhs in your ITR, you may receive a notice from the tax authorities. I ensure all such transactions are correctly reported.
For residential co-operative societies, there is an exemption for maintenance charges up to Rs. 7500 per member. However, if the charges exceed this limit, the entire amount becomes taxable.
About Investment & Asset Taxation
When you are handling crypto or property investments, it is not just about the tax amount; it is about how you report it. Many clients come to me after receiving a tax notice, only to find it was a simple mismatch in their AIS or a missing disclosure under Section 54. We reconcile your bank statements and investment reports first, so the filing is accurate from day one, not a guessing game.
Handling Capital Gains and New-Age Assets
Many investors struggle because they treat tax filing like a generic data entry task. If you are dealing with equity, mutual funds, or the 30% tax on crypto (VDA), you need to classify these correctly. Paathingana (if you see), if you do not report your income from 'Other Sources' like dividends properly, you will likely get a notice for mismatching TDS credit.
Property and Asset Declarations
Reporting immovable property purchases is not optional. If you fail to declare property valued over 50 lakhs in your ITR, you invite scrutiny. I walk you through the specifics of Section 54 and 54F, ensuring you claim your deductions correctly within the new capped limits.
Why You Need Proper Planning
Tax is not just about filing; it is about planning. Whether you are dealing with Short-Term Capital Gains (STCG) or Long-Term Capital Gains (LTCG), I help you check if you can set off losses or carry them forward to future years. This is idhellam romba mukkiyam (this stuff is very important) because it directly impacts your cash flow.
If you have received a notice regarding your investments or are unsure about your ITR-2 or ITR-3 eligibility, stop guessing. Let us review your transaction history and get your returns filed correctly before the due date.
Synmac
I started Synmac because I saw too many people stressing over tax rules that colleges and corporate firms make unnecessarily complicated. My goal is simple—give you straight advice on your investments so you stay compliant without the drama.
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