CHARTERED ACCOUNTANT
No family wealth? CA shares how to build generational wealth with just a few boring habits
Nitin Kaushik shared tips on building wealth without family money. He advises prioritizing survival over status. Avoid luxury early and invest in assets like land or gold. Think generationally, not quarterly. Protect wealth and build systems for passive income. Mastering budgeting and investing is key. Anyone can leave behind an empire with these habits.
CA shares story of how a Rs 2.8 lakh monthly earning couple's 'smart investment' turned into financial stress
A couple earning Rs 2.8 lakh per month purchased two properties, anticipating rental income to cover EMIs. However, their EMIs severely strained their finances, leaving minimal funds for other investments, even for their child's education. CA Nitin Kaushik warns against prioritizing real estate without considering liquidity and future financial needs.
Know Your Fund Manager | Sorbh Gupta, Head- Equity, Bajaj Finserv AMC
I was born in Binnaguri, near Darjeeling in West Bengal, where my father worked as a tea estate manager. I spent my childhood in Darjeeling and completed my primary education at a convent boarding school there.
If you don’t make these 8 disclosures, your ITR may be treated as defective
Filing income tax returns (ITR) requires careful attention to detail, as certain omissions can lead to a defective ITR. Key disclosures include foreign assets, income, crypto transactions, and unlisted equity shares. Failing to report these details, especially for residents with overseas holdings, can result in penalties and even imprisonment, though some relief exists for movable assets under Rs 20 lakh.
Father sells house worth Rs 67 lakh and shows only Rs 1,690 income in ITR, wins case in ITAT Ahmedabad; Know how
Dilip, an Indian taxpayer, won a case at the ITAT Ahmedabad regarding a Section 54 LTCG tax exemption. Despite initially facing scrutiny for claiming Rs 15.99 lakh as indexed cost of improvement with cash payments and selling his house below stamp duty value, the ITAT directed the tax officer to verify and allow his claim. Read more.
ITR Filing Deadline Extension: Now Karnataka commerce body, Surat CA unit seek ITR due date extension
Several bodies are requesting an extension to the Income Tax Return (ITR) filing deadline. The Federation of Karnataka Chambers of Commerce & Industry and the Chartered Accountants Association, Surat, have also joined. They cite technical issues, form changes, and portal glitches as reasons for the delay.
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Ex-CA lost 14 kilos in just 4 months by using ChatGPT. Her weight loss journey will inspire you. Check what AI prompt she used
Shilpa Sunil, a former chartered accountant, leveraged ChatGPT to lose 14 kilos in four months by tracking her meals and calculating calorie intake. Similarly, a YouTuber used AI to create a personal coach named Arthur, leading to a 60-pound weight loss and a complete lifestyle transformation through structured meal planning and consistent exercise routines.
ITR filing deadline extension now demanded by this Tax Bar Association due to many issues including technical glitches with ITR portal
The tax bar association, which includes tax practitioners, chartered accountants, company secretaries, advocates, and consultants, in its letter, highlighted how taxpayers and professionals have been struggling this year due to the late release of utilities, ongoing technical issues with the ITRportal, and additional compliance steps.
Buy Rs 1 cr home with own fund or loan? This CA tells choice is not that simple, she reveals how to take a final call
Chartered Accountant Ruchita Vaghani's analysis on X compares buying a Rs 1 crore home with cash versus a loan. Paying cash offers peace of mind and immediate ownership, while a loan provides liquidity, tax benefits, and potential investment gains. She says for an Rs 1 cr 20-year home loan taken at 8.5% interest, the EMI will be Rs 86,000, and their total outgo will be Rs 2.07 cr.
Extend income tax audit deadline due to ITR portal glitch, enhanced reporting needs: BCAS
The Bombay Chartered Accountants' Society (BCAS) has urged for extensions to income tax deadlines, citing persistent glitches on the e-filing portal. BCAS, along with other associations, highlighted challenges like delayed utility releases, technical bottlenecks, and overlapping deadlines. They propose extending deadlines for tax audit reports and ITR filings to alleviate taxpayer burden and ensure compliance quality.
GST impact on air travel: Do you have to pay extra GST if your travel date is after September 22, 2025?
The GST council is implementing a two-tier GST rate system starting September 22, 2025, impacting air travel. Premium class tickets will see an increase to 18% GST, while economy remains at 5%. The GST rate at the time of booking and payment determines the applicable tax, even if the travel date is after the change.
Why a family’s Rs 18 lakh yearly expense today could rise to Rs 1.37 crore in 30 years. CA shares formula to beat inflation
Chartered Accountant Nitin Kaushik highlights how inflation can erode wealth, even for affluent families, using the example of a Surat business family whose expenses could increase 7.6x in 30 years. He emphasizes that financial security isn't just about current income but about strategic planning, building assets, and diversifying income to outpace inflation and maintain lifestyle.
GST impact: Like premium air travel tickets, will premium railway tickets cost more after GST 2.0?
Get ready for changes in Goods and Services Tax or GST on air travel. From September 22, 2025, premium air tickets will cost more with an 18% GST. Economy class tickets will remain at 5%. Train tickets will not change. AC and premium train tickets will continue with a 5% GST. Non-AC train travel will remain exempt from GST.
ITR filing deadline needs to be extended as portal glitch, Navratri, Dussehra festive season and new ICAI format for non-corporates, says RTCA
ITR filing due date: Tax consultants in Rajasthan are requesting an extension for the Income Tax Return filing deadline. They cite glitches on the e-filing portal as a major issue. The new format from ICAI for non-corporates is also causing delays. The festive season adds to the challenges. Associations want the deadline extended to November 15.
29-year-old man earns Rs 35 LPA, has zero expenses but fails in relationships. CA shares his view on why many financially secure men struggle to find love
A financially successful 29-year-old in Gurgaon earning Rs 35 lakh annually faces relationship challenges due to his expectation that a partner seamlessly integrate into his family home. This approach, likened to a merger where one party must conform, overlooks the need for shared decision-making and emotional reciprocity.
NSE appoints former IFSCA chairman Injeti Srinivas as Public Interest Director
The National Stock Exchange (NSE) has appointed Injeti Srinivas, former chairman of the International Financial Services Centres Authority (IFSCA), as a Public Interest Director on its board.
Invest Rs 5000, get Rs 3 crores: CA's investment lesson on 'time in the market vs timing the market'
Starting small and early can make a huge difference in wealth creation, according to Chartered Accountant Nitin Kaushik. He explained that investing Rs 5,000 per month from the age of 25 can grow into nearly Rs 3 crore by 60, assuming a 12 percent return. However, delaying the same plan by a decade reduces the corpus to around Rs 95 lakh, costing over Rs 2 crore in potential gains.
ICAI 2025 exams postponed: CA Final and Intermediate papers delayed in Punjab cities and Jammu due to floods, heavy rain
Chartered Accountant 2025 exam postponed: The decision, shared through an official notification, comes after heavy rains and flooding across several regions disrupted normal life and raised concerns over the safe conduct of examinations. ICAI emphasized that the postponement is location-specific, affecting only certain centres, and exams in other parts of the country will continue as planned.
CA gets the craziest client request ever while ITR filing: 'No money, bro. You pay my tax. Going for Europe vacation'
Chartered accountant Nitin Kaushik shared financial advice after a client's audacious request to cover his income tax. He urges the middle class to prioritize financial discipline, spend wisely, diversify investments, and build additional income streams. Kaushik also emphasizes the importance of insurance, avoiding lifestyle comparisons, and distinguishing between good and bad debt for long-term financial security.
Rs 18 lakh cost today, Rs 1.37 crore tomorrow: CA issues warning against hidden enemy of personal finance
Chartered Accountant Nitin Kaushik has cautioned families about the long-term impact of inflation on household finances. Using the example of a business family in Surat, he showed how current annual expenses of Rs 18 lakh could rise to Rs 1.37 crore in 30 years if inflation averages 6 percent. The analysis highlights that inflation alone, without lifestyle changes, can multiply expenses more than sevenfold.
Bengaluru: Flat owners seek review of 18% levy on maintenance fee ahead of GST meet
Bangalore Apartments Federation wants a review of the 18% GST on apartment maintenance. The GST Council will meet in Delhi to discuss tax revisions. BAF represents 1.5 million residents and says the levy burdens the middle class. They want the government to align the policy with the original intent of GST.
I am an NRI. How can I take money out of India after selling inherited property and shares with minimum taxes?
I am an NRI with inherited property and shares in India. What are the best ways to repatriate funds without triggering high taxes or violating Foreign Exchange Management ACT (FEMA) rules?
Broken chair in first job, sleepless nights, missed family events: Bengaluru CA recalls how rejection shaped her career
Meenal Goel's CA journey was marked by initial rejection and demanding work conditions, including a cramped office and missed family events. These early struggles built her resilience, but she later realized the importance of setting boundaries to prevent burnout. She emphasizes that discipline and respecting personal priorities are crucial for a fulfilling life as a CA.
IndusInd Bank appoints Pragati Gondhalekar as Head – Internal Audit, Senior Management Personnel
IndusInd Bank has appointed Mrs. Pragati Gondhalekar as Head – Internal Audit and Senior Management Personnel, effective September 1, 2025. With over 27 years of global audit and consulting experience, she has previously held senior roles at Deutsche Bank, L&T Financial Services and PwC.
IBPS RRB PO, Clerk Registration 2025: Application invited for 13,000 posts, check key dates, eligibility, selection process
IBPS begins RRB PO Clerk 2025 registration: IBPS has announced the CRP RRBs XIV for Regional Rural Banks, offering 13,217 vacancies for various posts. The online application process is open from September 1 to September 21, 2025. The selection process includes preliminary, mains, and single examinations, followed by interviews for certain positions, with provisional allotments expected by February–March 2026.
Rs 50,000 per month vs Rs 5 lakh per month: CA explains why salary size will not always secure your future
Nitin Kaushik says a high salary doesn't guarantee financial stability. He argues discipline and contentment are key. A person earning less but saving consistently can be more secure. Someone spending all their high income will always struggle. Starting small with investments can yield significant returns. Kaushik advises maximizing current resources before seeking more income.
Real-estate tycoon Dr Niranjan Hiranandani reveals how a phone call from Ratan Tata changed everything
Dr Niranjan Hiranandani has opened up about a personal call from Ratan Tata just weeks before the business icon’s passing. Tata invited him to join the Tata Parkinson Trust as co-trustee, a role Hiranandani accepted immediately. Reflecting on his own journey, he spoke about failures, resilience and projects that redefined real estate in India. From a failed textile mill to landmark townships, his story shows how persistence shaped his career. Today, he stands among India’s most respected property pioneers.
Are you imparting wrong financial lessons to your children? Here's what you should rather do
Indian parents often struggle to impart healthy financial habits to their children, sometimes unintentionally fostering negative behaviors. Experts suggest that inconsistencies between parental words and actions, frequent money-related arguments, and a reluctance to discuss finances openly can lead to anxiety and poor decision-making in kids. In such situations, you should take actions discussed in this article.
Extend ITR and tax audit deadlines due to tax portal glitch, data mismatch in AIS and Form 26AS, new ICAI format, says CCTAX
ITR Filing Deadline Extended?: The Chandigarh Chartered Accountants Taxation Association (CCTAX) has urged the CBDT to extend the ITR and tax audit deadline for AY 2025-26, citing persistent glitches on the ITR filing portal, data mismatches, and recent ICAI format changes. CCTAX highlights that natural calamities and delayed utility releases have further complicated compliance. Read more.
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