Myfintax

24/07/2025

🚨 New UPI Rules from 1st August!
Your UPI ID might get blocked or deactivated if you ignore these 5 new guidelines by NPCI ⚠️

From inactive mobile numbers to balance check limits – these changes affect every UPI user in India.

🔍 What’s Inside This Post:
1️⃣ UPI ID deactivation rule
2️⃣ New Autopay time restrictions
3️⃣ Failed transaction refresh limits
4️⃣ Daily balance check limit
5️⃣ UPI ID status check cap

💡 Don’t wait for a failed payment or blocked account.
📲 Share this post with friends & family and help them stay updated too!

👉 Follow for more UPI, tax & finance updates you can trust.

24/07/2025

📊 India’s Richest State in FY24: Goa Tops the List!

Goa leads with ₹3.57 lakh per capita income in FY24, followed by Sikkim, Delhi, Chandigarh, and Puducherry. These states show strong economic growth and better living standards.

👉 Follow for more such finance tips and updates!

24/07/2025

New Income Tax Code Introduced for Social Media Influencers

In a significant move that reflects the evolving digital economy, the Income Tax Department of India has introduced a new code specifically for “Social Media Influencers” under the Income Tax Return (ITR) forms. This ste...

24/07/2025

💸 How Much of Your Salary Should You Invest in Mutual Funds?
Start your SIP journey the right way – whether you earn ₹30K or ₹1L+ per month, there's a smart investment plan for you.

📌 Follow the 50-30-20 budgeting rule:
👉 50% for essentials
👉 30% for lifestyle
👉 20% for savings & investments — ideally into SIPs in mutual funds!

✅ Start small, as low as ₹500/month
✅ Build wealth with consistent SIPs
✅ Match your SIPs to your financial goals
✅ Gradually increase your SIP as your income grows
✅ Use ELSS to save tax under Section 80C

📈 SIP = Systematic Investment + Smart Planning
Don’t wait to invest big — start early, stay consistent, and let compounding do the magic.

🔁 Save this post if you earn a salary and haven’t started investing yet!

👉 Follow for more salary-wise investment tips, SIP insights & mutual fund strategies!

24/07/2025

🗞MYFINTAX CHRONICLES 🗓24.07.2025

Stay ahead with your daily dose of the latest finance news with MYFINTAX CHRONICLES! Get the latest upd@Meta AI ates on economic outlook, legal developments, banking and finance, investments and innovation, financial markets, corporate watch, international affairs, and tax and compliances.

Full form of Abbreviations used:-

🔍 GENERAL TERMS

FY25 – Financial Year 2024–2025
SC – Supreme Court
I-T Department – Income Tax Department
bps – Basis Points (1 bps = 0.01%)
HC – High Court
VC – Venture Capital
USD – United States Dollar

🏦 BANKING & FINANCE

RBI – Reserve Bank of India
NBFC – Non-Banking Financial Company
ICICI – Industrial Credit and Investment Corporation of India
HDFC – Housing Development Finance Corporation
SIP – Systematic Investment Plan
SEBI – Securities and Exchange Board of India
ESOPs – Employee Stock Ownership Plans

💼 CORPORATE & COMPLIANCE

GIFT – Gujarat International Finance Tec-City
IFSC – International Financial Services Centre
FMCG – Fast-Moving Consumer Goods
SP Group – Shapoorji Pallonji Group
ED – Enforcement Directorate
RBI – Reserve Bank of India
MUDA – Mysuru Urban Development Authority

🌐 INTERNATIONAL AFFAIRS

WTO – World Trade Organization
US – United States
AI – Artificial Intelligence

🚀 INVESTMENTS & STARTUPS

QSR – Quick Service Restaurant
D2C – Direct-to-Consumer
IndiaAI – Indian Artificial Intelligence (Mission by Government of India)

Follow or more such daily updates

23/07/2025

New Tax Rules for Content Creators!

If you earn from Instagram, YouTube, or any platform – the Income Tax Department has added a new ITR code just for you. Don’t miss this update!

👉 Follow for more such finance tips and updates.

23/07/2025

📊 Senior Citizens & Tax on Capital Gains – A Real Conversation 💬

What happens when a retired senior earns from interest and capital gains under the New Tax Regime?

We recreated a real CA-client conversation to break down:
✅ Section 112A vs 111A
✅ Why Section 87A rebate can be tricky
✅ How to legally reduce your tax to ZERO
✅ STCG vs LTCG rates (before & after 23 July 2024)
✅ ITR form you must file

📌 If you or your parents are filing returns this year — don’t miss this!

👀 Swipe through the full CA-client chat →
💬 Drop your questions below or DM us for help!

23/07/2025

🏗️ “Stocks That Make Your House!”
From steel and cement to tiles and switches — every part of your home is backed by listed companies.
Think JSW & Tata Steel, UltraTech & Shree Cement, Asian Paints & Pidilite — all powering India’s infra and real estate growth.
These stocks aren’t just building homes, they’re building wealth too.

📌 Source: Exchanges | Only listed companies are considered | There are other listed companies too

📲 Follow for more such insights on investing and finance!

23/07/2025

ITR-3 Filing Update: Select the Right
Business Code

Introduction

23/07/2025

🧾 WHICH ITR SHOULD YOU FILE?

Filing ITR but not sure which form to choose? Whether your income is from salary, freelancing, business, or capital gains — there’s a specific ITR form meant for you. Filing the wrong one can lead to notices or delays. Check before you file!

👉 Follow for more tax & finance tips!

23/07/2025

🗞MYFINTAX CHRONICLES 🗓23.07.2025

Stay ahead with your daily dose of the latest finance news with MYFINTAX CHRONICLES! Get the latest upd@Meta AI ates on economic outlook, legal developments, banking and finance, investments and innovation, financial markets, corporate watch, international affairs, and tax and compliances.

Full form of Abbreviations used:-

🔍 GENERAL TERMS

FY25 – Financial Year 2024–2025
SC – Supreme Court
I-T Department – Income Tax Department
bps – Basis Points (1 bps = 0.01%)
HC – High Court
VC – Venture Capital
USD – United States Dollar

🏦 BANKING & FINANCE

RBI – Reserve Bank of India
NBFC – Non-Banking Financial Company
ICICI – Industrial Credit and Investment Corporation of India
HDFC – Housing Development Finance Corporation
SIP – Systematic Investment Plan
SEBI – Securities and Exchange Board of India
ESOPs – Employee Stock Ownership Plans

💼 CORPORATE & COMPLIANCE

GIFT – Gujarat International Finance Tec-City
IFSC – International Financial Services Centre
FMCG – Fast-Moving Consumer Goods
SP Group – Shapoorji Pallonji Group
ED – Enforcement Directorate
RBI – Reserve Bank of India
MUDA – Mysuru Urban Development Authority

🌐 INTERNATIONAL AFFAIRS

WTO – World Trade Organization
US – United States
AI – Artificial Intelligence

🚀 INVESTMENTS & STARTUPS

QSR – Quick Service Restaurant
D2C – Direct-to-Consumer
IndiaAI – Indian Artificial Intelligence (Mission by Government of India)

Follow or more such daily updates