Today Income Tax Department has announced rollout of a new statement - AIS (Annual Information Statement)
This will give u all details (well almost all!) about YOUR financial transactions during the year
This is a thread to tell u what it is and how do u get the AIS
(1/n)
Nagpal Manoj
26.3K posts
Safe Harbor Statement
Personal views here
Nothing here is reco or advice
Take an informed decision by consulting your own financial expert
- Nithin Kamath @Nithin0dha explains 1) The problem in India with Mutual Funds is..... 2) Why Passive funds make sense... 3) Why some of the categories like Hybrid, Balanced Advantage don't make sense... 4) Why the big fund houses don't promote passive All explained in 2 min
00:00 - Heartiest Congratulations to Mr. D.P. Singh @dpsingh61 for his appointment as the Deputy Managing Director of SBI MF 🎉🎉👍🌟🌟🔥🔥 He has galvanised not only SBI MF but the entire mutual fund industry by setting new benchmarks and vision for the MF industry in India
- Become a Shark! An innovative way to invest in Start-ups - HDFC AMC Select AIF Here is a thread 🧵with some answers on what this is and what you should know about it If you have more Qs do let me know in comments and I will try to answer them for you (1/n)
- SEBI cracks down on YouTube Channels a) Moneywise b) The Advisor c) MidCap Calls d) Profit Yatra Modus Operandi of these Youtubers a) Recommend midcap/small cap Stocks b) Create trading volume c) Spend on ads to get viewers d) Dump Stock e) Make a neat profit Repeat again!
- Tax Calculations with #Budget2019 provisions Total Salary: 10.5 lacs Deductions Std Ded 50k Sec 80C 150k NPS 50k Hsg Loan Interest 200k Mediclaim Self 25k Mediclaim Parents 50k Donation 25k Total Deduction 550k Net Income 5 lac Tax 12.5k Rebate 12.5k Net tax to pay ZERO
- Most Comprehensive Comparison of ur Income Tax in the New Tax Regime Vs. Old Tax Regime a) If u can save a bit (i.e. > 3 - 3.5 lacs per yr in Sec 80C, mediclaim and Home Loan interest), then u are better off in Old Tax Regime b) If u can't save much, then shift to New Tax Regime
- SEBI fines Kotak Mutual Fund and some employees Holds them responsible for negatively impacting interest of some unitholders Fines Kotak Trustee Co: Rs. 40 lacs Nilesh Shah: 30 lacs Lakshmi Iyer: 25 lacs Others: 65 lacs Will be challenged by Kotak MF?
- Tweet Thread on what just happened to Franklin Templeton Funds - Credit Risk Funds First - Franklin Templeton today announced the winding down of SIX of its Debt Funds (which had credit risk) This is effective tomorrow i.e. 24th April 2020 This is an unprecedented move (1/n)
- ZERODHA has applied for a Mutual Fund License to start a new Asset Management Co. The end game of most DIRECT mutual Fund distributors like Zerodha, PAYTM Money etc seems to be launching their own Mutual Funds at some point of time The Time has come!
- Thread on implication of new 26AS Form of Income Tax Background On 18July20, Income Tax Dept informed that new 26AS form is implemented New 26AS will now include certain high value transactions (explained in thread). How does it impact u is what this thread explains (1/n)
- World's best sportsmen still need coaches Best CEOs still need mentors Best body builder's still need trainers Best actors still need "Directors" What gives the confidence to new age investors that they don't need advisors?
- If you are NOT Healthy in age band of 20-30 yrs Wealthy at 40-50 Wiser at 50 - 60 You can never be healthy, wealth or wise
- Anatomy of a new scam. Don't fall prey to this 1. You get a call saying ur PayTm (or any other wallet/bank) KYC is invalid 2. Caller says u can do it online in 2 min and ur wallet will be active again 3. Says give guide u All ok till now. Now the scam begins (1/n)



