@TaxBuddy1

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Joined February 2019
  • Tweets11.1K
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2.5KMedia
TaxBuddy retweeted
Sujit Bangar
@sujit_bangar11h
Varun paid ₹1.7 Lakhs of tax by mistake. When he asked for a refund, the Income Tax authorities refused. But here's how he got his money back. 🧵 👇
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Got an IPO allotment and sold on listing day? That profit is taxable. Sell within 12 months of allotment and the gain is generally taxed at 20% as STCG. Here’s how IPO gains are taxed 👇🧵
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[9] Bottom line IPO profits don’t get a special “listing gain” tax. For normal IPO allotments: Within 12 months → 20% STCG More than 12 months → 12.5% LTCG above ₹1.25 lakh
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TaxBuddy
@TaxBuddy111h
Got an IPO allotment and sold on listing day? That profit is taxable. Sell within 12 months of allotment and the gain is generally taxed at 20% as STCG. Here’s how IPO gains are taxed 👇🧵
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May this Dussehra light up everyone’s life with new hopes and new beginnings.
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Renu Moongia retired after 30+ years with LIC. She received ₹9.04 lakh as leave encashment. The tax department allowed exemption of only ₹3 lakh. She challenged it nearly 3.5 years late. ITAT Jaipur still heard the case and allowed the full claim. Here’s why 🧵
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[9] Case snapshot 🔸 Renu Moongia vs ITO (AY 2021-22) 🔸 ITA No. 1196/JPR/2026 🔸 Order dated 28 Sep 2026
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Like the content? Follow us (@TaxBuddy1) for more tax-saving tips and updates. Retweet the first tweet to spread awareness:
TaxBuddy
@TaxBuddy1Oct 19
Renu Moongia retired after 30+ years with LIC. She received ₹9.04 lakh as leave encashment. The tax department allowed exemption of only ₹3 lakh. She challenged it nearly 3.5 years late. ITAT Jaipur still heard the case and allowed the full claim. Here’s why 🧵
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