HENCY R SHAH AND ASSOCIATES

 📢 𝗛𝗗𝗙𝗖 𝗕𝗮𝗻𝗸'𝘀 𝗕𝗼𝗹𝗱 𝗠𝗼𝘃𝗲 𝘄𝗶𝘁𝗵 𝗥𝗮𝗿𝗲 𝗗𝗲𝗯𝘁 𝗧𝗼𝗼𝗹! 🚗💼 HDFC Bank, India’s largest private lender, is making headlines with its plan to sell up to ₹10,000 crore ($1.2 billion) in loans using a rarely seen debt instrument. This strategic move aims to manage the bank's exposure to certain sectors while tackling the challenge of raising deposits. Here’s a quick breakdown of what’s happening: 🏦 𝗪𝗵𝗮𝘁’𝘀 𝘁𝗵𝗲 𝗣𝗹𝗮𝗻? HDFC Bank is gearing up to issue Pass-Through Certificates (PTCs), backed by a pool of the bank's car loans. This approach, which hasn't been used by the bank in over a decade, is designed to spread risk and diversify income streams. 🤝 𝗪𝗵𝗼’𝘀 𝗜𝗻𝘃𝗼𝗹𝘃𝗲𝗱? The bank is in discussions with several local asset managers, including ICICI Prudential AMC, Nippon Life India Asset Management, SBI Funds Management, and Kotak Mahindra Asset Management, to subscribe to these securities. 🔍 𝗪𝗵𝘆 𝗡𝗼𝘄? With a Credit-Deposit (CD...

 💼 𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅 𝗥𝗲𝗳𝘂𝗻𝗱𝘀: 𝗕𝗲𝘄𝗮𝗿𝗲 𝗼𝗳 𝗖𝘆𝗯𝗲𝗿𝗰𝗿𝗶𝗺𝗲 𝗮𝗻𝗱 𝗔𝗜-𝗗𝗿𝗶𝘃𝗲𝗻 𝗦𝗰𝗮𝗺𝘀! 🤖 As a CA, I've witnessed the increasing sophistication of cybercrime, especially in the realm of income tax refunds. With digital transactions becoming the norm, fraudsters are using advanced tactics, including AI, to scam unsuspecting individuals. Digital transactions have become playground for cyber fraudsters. With AI enhancing their schemes, it's crucial to stay informed & vigilant. 🚨 🕵️‍♂️ 𝗛𝗼𝘄 𝗖𝘆𝗯𝗲𝗿 𝗙𝗿𝗮𝘂𝗱𝘀𝘁𝗲𝗿𝘀 𝗢𝗽𝗲𝗿𝗮𝘁𝗲 𝙋𝙝𝙞𝙨𝙝𝙞𝙣𝙜 𝙀𝙢𝙖𝙞𝙡𝙨: Scammers send fake emails that appear to be from the Income Tax Department, creating a sense of urgency to trick you into clicking malicious links. 𝙎𝙥𝙤𝙤𝙛𝙚𝙙 𝙒𝙚𝙗𝙨𝙞𝙩𝙚𝙨 & 𝘼𝙥𝙥𝙨: Fake sites mimic official ones, stealing your sensitive information when you enter details. 𝙈𝙖𝙡𝙞𝙘𝙞𝙤𝙪𝙨 𝙋𝙤𝙥-𝙐𝙥𝙨: Beware of pop-ups that seem to be warnings from tax authorities...

  📊 𝙄𝙣𝙨𝙞𝙜𝙝𝙩𝙨 𝙛𝙧𝙤𝙢 𝙈𝙮 𝙍𝙚𝙘𝙚𝙣𝙩 𝙄𝙏𝙍 𝙁𝙞𝙡𝙞𝙣𝙜: 𝙆𝙚𝙮 𝙏𝙧𝙚𝙣𝙙𝙨 𝙞𝙣 𝙀𝙦𝙪𝙞𝙩𝙮 𝙁&𝙊 𝙏𝙧𝙖𝙙𝙞𝙣𝙜, 𝘽𝙡𝙚𝙚𝙙𝙞𝙣𝙜 𝙧𝙚𝙙!📉 As a CA, one of the most intriguing aspects of my work during this ITR filing season has been observing a significant trend among F&O traders. Nearly every client involved in this segment had one thing in common: 𝙇͟𝙤͟𝙨͟𝙨͟𝙚͟𝙨͟. 📉 Here’s a deeper look into the findings: 🔍 𝗦𝘂𝗿𝗴𝗲 𝗶𝗻 𝗧𝗿𝗮𝗱𝗲𝗿 𝗡𝘂𝗺𝗯𝗲𝗿𝘀: The number of unique individual traders in the equity F&O segment surged from 7.1 lakhs in FY19 to a remarkable 45.2 lakhs in FY22. Active traders make up 88% of this group, with those aged 30-40 leading in participation (39%). 📉 𝗣𝗿𝗲𝗱𝗼𝗺𝗶𝗻𝗮𝗻𝗰𝗲 𝗼𝗳 𝗟𝗼𝘀𝘀𝗲𝘀: Despite the rise in participants, 89% of these traders faced losses, with an average loss of ₹1.1 lakh. Even among active traders, 90% incurred losses averaging ₹1.25 lakh. Remarkably, the losses for these traders were about 15 ...

🚨 𝘽𝙧𝙚𝙖𝙠𝙞𝙣𝙜 𝙉𝙚𝙬𝙨: 𝙃𝙞𝙣𝙙𝙚𝙣𝙗𝙪𝙧𝙜 𝙍𝙚𝙨𝙚𝙖𝙧𝙘𝙝 𝙍𝙚𝙥𝙤𝙧𝙩 𝙐𝙣𝙘𝙤𝙫𝙚𝙧𝙨 𝙀𝙭𝙥𝙡𝙤𝙨𝙞𝙫𝙚 𝘼𝙡𝙡𝙚𝙜𝙖𝙩𝙞𝙤𝙣𝙨 𝘼𝙜𝙖𝙞𝙣𝙨𝙩 𝘼𝙙𝙖𝙣𝙞 𝙂𝙧𝙤𝙪𝙥 𝙖𝙣𝙙 𝙎𝙀𝘽𝙄'𝙨 𝙄𝙣𝙫𝙤𝙡𝙫𝙚𝙢𝙚𝙣𝙩! 🚨 Here’s what you need to know in under a minute: 💥 𝗛𝗶𝗻𝗱𝗲𝗻𝗯𝘂𝗿𝗴'𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: A shocking report from Hindenburg Research accuses the Adani Group—a major powerhouse in India’s economy—of engaging in large-scale money-siphoning activities. 📜 𝗪𝗵𝗶𝘀𝘁𝗹𝗲𝗯𝗹𝗼𝘄𝗲𝗿 𝗗𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝘀: These allegations are supported by whistleblower evidence, suggesting that SEBI and its Chairperson might have connections to offshore entities used by Adani for fund diversion, casting serious doubt on the integrity of India’s financial regulatory framework. ⚠️ 𝗦𝗘𝗕𝗜’𝘀 𝗥𝗼𝗹𝗲 𝗶𝗻 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻: The findings imply that SEBI may have either failed in its oversight duties or been complicit in this misconduct, shaking investor confidence in both t...

  🚀 𝘼𝙣𝙜𝙚𝙡 𝙏𝙖𝙭 𝙍𝙚𝙢𝙤𝙫𝙖𝙡: 𝘼 𝙂𝙖𝙢𝙚-𝘾𝙝𝙖𝙣𝙜𝙚𝙧 𝙛𝙤𝙧 𝙎𝙩𝙖𝙧𝙩𝙪𝙥𝙨? The recent announcement by Finance Minister Nirmala Sitharaman to abolish the so-called “Angel Tax” has sparked excitement across the startup ecosystem. But before the celebrations begin, it's crucial to delve into what this decision truly entails, the benefits it brings, and any potential pitfalls. 🔍 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗔𝗻𝗴𝗲𝗹 𝗧𝗮𝘅 The term "Angel Tax" isn't actually mentioned in the Income Tax Act. It refers to the tax under Section 56(2)(viib) on funds received by startups above their Fair Market Value (FMV). Essentially, if a startup raises funds at a valuation higher than its FMV, the difference is considered taxable income. 💼 𝗪𝗵𝘆 𝗪𝗮𝘀 𝗔𝗻𝗴𝗲𝗹 𝗧𝗮𝘅 𝗦𝗼 𝗕𝘂𝗿𝗱𝗲𝗻𝘀𝗼𝗺𝗲? Imagine running a business valued at ₹10 crores. An investor, like Nikhil Kamath of Zerodha, agrees to buy 20% equity for ₹5 crores, valuing your company at ₹25 crores. The gove...

  𝗦𝘁𝗮𝘆 𝗦𝗮𝗳𝗲: 𝗡𝗲𝘃𝗲𝗿 𝗦𝗵𝗮𝗿𝗲 𝗬𝗼𝘂𝗿 𝗢𝗧𝗣! 🚫🔐 As a Chartered Accountant, I've seen firsthand how crucial it is to protect personal information, especially in our increasingly digital world. Recently, an incident highlighted the importance of this message. Last week, while finalizing tax returns for a long-time client, I needed to verify some details which required an OTP. When I called my client, his assistant answered and, without hesitation, offered to share the OTP. Though she trusted me as her employer's CA, this moment made me realize the potential risks involved. I paused the conversation to emphasize an important security protocol: Never share your OTP with anyone, no matter the circumstances. OTPs protect sensitive transactions and personal information, and sharing them can lead to security breaches and fraud. 𝘐𝘮𝘱𝘰𝘳𝘵𝘢𝘯𝘵 𝘙𝘦𝘮𝘪𝘯𝘥𝘦𝘳𝘴: 🔒 𝗬𝗼𝘂𝗿 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 𝗮𝗿𝗲 𝗦𝗮𝗰𝗿𝗲𝗱: Never disclose your OTP, bank account d...