HENCY R SHAH AND ASSOCIATES

💸 5 𝑭𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝑯𝒂𝒃𝒊𝒕𝒔 𝑻𝒉𝒂𝒕 𝑨𝒓𝒆 𝑸𝒖𝒊𝒆𝒕𝒍𝒚 𝑺𝒂𝒃𝒐𝒕𝒂𝒈𝒊𝒏𝒈 𝒀𝒐𝒖𝒓 𝑺𝒂𝒗𝒊𝒏𝒈𝒔 Having trouble saving even with a steady income? You’re not alone. Often, it’s not about how much you earn—but how you manage what you have. Small financial missteps can quietly drain your savings potential. 🚫 By recognizing these habits early, you can regain control and start building true financial security. Let’s dive in! 👇 1️⃣ 𝐋𝐢𝐯𝐢𝐧𝐠 𝐁𝐞𝐲𝐨𝐧𝐝 𝐘𝐨𝐮𝐫 𝐌𝐞𝐚𝐧𝐬 📉 Overspending is the #1 culprit behind poor savings. If you're relying on credit cards, EMIs, or borrowing to fund your lifestyle, it’s a red flag. ✅ Solution: Create a realistic monthly budget and stick to it! Prioritize needs over wants and aim for a lifestyle that’s comfortably within your means. 2️⃣ 𝐍𝐨𝐭 𝐓𝐫𝐚𝐜𝐤𝐢𝐧𝐠 𝐘𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐧𝐬𝐞𝐬 🧐 Those daily coffee runs and online shopping sprees add up faster than you think! Without visibility on your spending, cutting back becomes imp...

🚨 𝑩𝒍𝒖𝑺𝒎𝒂𝒓𝒕 & 𝑮𝒆𝒏𝒔𝒐𝒍: 𝑻𝒉𝒆 ₹262 𝑪𝒓𝒐𝒓𝒆 𝑬𝑽 𝑺𝒄𝒂𝒎 𝑻𝒉𝒂𝒕 𝑺𝒉𝒐𝒐𝒌 𝑰𝒏𝒅𝒊𝒂’𝒔 𝑺𝒕𝒂𝒓𝒕𝒖𝒑 𝑬𝒄𝒐𝒔𝒚𝒔𝒕𝒆𝒎 India’s market regulator, SEBI, dropped a bombshell:  Gensol Engineering  co‑founders Anmol Singh Jaggi and Puneet Singh Jaggi were barred from holding any key positions after allegedly misappropriating funds intended for their  EV ride‑hailing arm, BluSmart . This scandal—amounting to  ₹262 crore —has exposed deep governance flaws in two once‑promising ventures. ⚡ 𝑯𝒐𝒘 𝒕𝒉𝒆 𝑺𝒄𝒂𝒎 𝑼𝒏𝒇𝒐𝒍𝒅𝒆𝒅  𝐌𝐚𝐬𝐬𝐢𝐯𝐞 𝐁𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠𝐬:  Between 2021–24, Gensol raised  ₹978 crore  from IREDA & PFC to procure  6,400 EVs  for BluSmart. 𝐔𝐧𝐝𝐞𝐫‑𝐝𝐞𝐥𝐢𝐯𝐞𝐫𝐲:  Only  4,704 vehicles  (worth ₹568 crore) were actually purchased. ₹𝟐𝟔𝟐 𝐂𝐫𝐨𝐫𝐞 𝐕𝐚𝐧𝐢𝐬𝐡𝐞𝐝:  SEBI’s interim order cites funds diverted to a  luxury Gurgaon flat , a  ...

  📉 𝑻𝒂𝒓𝒊𝒇𝒇𝒔, 𝑻𝒆𝒏𝒔𝒊𝒐𝒏𝒔 & 𝑻𝒓𝒂𝒅𝒆 𝑻𝒂𝒍𝒌𝒔: 𝑯𝒐𝒘 𝒕𝒉𝒆 𝑼.𝑺.-𝑪𝒉𝒊𝒏𝒂 𝑻𝒓𝒂𝒅𝒆 𝑾𝒂𝒓 𝑰𝒔 𝑺𝒉𝒂𝒑𝒊𝒏𝒈 𝑰𝒏𝒅𝒊𝒂’𝒔 𝑬𝒄𝒐𝒏𝒐𝒎𝒊𝒄 𝑶𝒖𝒕𝒍𝒐𝒐𝒌 🇮🇳🇺🇸🌏 The global trade chessboard has shifted once again. Following a dramatic tariff announcement from  U.S. President Donald Trump , the spotlight is now on  India’s positioning in the evolving trade dynamics  between global powerhouses. With Trump rolling out a  10% levy on Indian goods —down from an earlier threat of 26%—India finds itself in a tight spot, balancing between  short-term relief and long-term strategic trade maneuvering . Let’s break down the facts, figures, and implications. 👇 📦 What Happened? President Trump announced  reciprocal tariffs  on nearly all trading partners, sparking a global shake-up. India faces a  10% import tariff —better than 26%, but still a concern. China  now faces up to  125% tariffs , while  Vietnam ...

  🚨  𝑩𝑺𝑵𝑳 𝑴𝒊𝒔𝒔𝒆𝒔 𝒕𝒉𝒆 𝑩𝒊𝒍𝒍: ₹1,757 𝑪𝒓 𝑳𝒐𝒔𝒔 𝒕𝒐 𝑮𝒐𝒗𝒕 𝑫𝒖𝒆 𝒕𝒐 𝑼𝒏𝒃𝒊𝒍𝒍𝒆𝒅 𝑹𝒆𝒍𝒊𝒂𝒏𝒄𝒆 𝑱𝒊𝒐 𝑰𝒏𝒇𝒓𝒂 𝑼𝒔𝒂𝒈𝒆   📡 In a  major financial lapse , the Comptroller and Auditor General of India (CAG) has revealed that  BSNL failed to bill Reliance Jio  for using its infrastructure for 10 years —  costing the government ₹1,757.56 crore . 😳 🔍  𝑊ℎ𝑎𝑡 𝐻𝑎𝑝𝑝𝑒𝑛𝑒𝑑? Between  May 2014 and March 2024 , BSNL did not enforce the  Master Service Agreement (MSA)  with Reliance Jio Infocomm Ltd (RJIL), failing to charge for additional technologies deployed on shared passive infrastructure. 📉  𝐴𝑑𝑑𝑖𝑡𝑖𝑜𝑛𝑎𝑙 𝐿𝑜𝑠𝑠𝑒𝑠 𝐼𝑑𝑒𝑛𝑡𝑖𝑓𝑖𝑒𝑑: ₹38.36 crore: Loss due to not deducting license fee share from revenue paid to TIPs ₹29 crore: Short billing for infra-sharing charges, including GST 💡  𝑊ℎ𝑦 𝑇ℎ𝑖𝑠 𝑀𝑎𝑡𝑡𝑒𝑟𝑠: This isn't just a one-off error — it's a  decade...

  🚀 𝑴𝒂𝒋𝒐𝒓 𝑻𝒂𝒙 & 𝑮𝑺𝑻 𝑪𝒉𝒂𝒏𝒈𝒆𝒔 𝒊𝒏 𝑰𝒏𝒅𝒊𝒂 𝒇𝒓𝒐𝒎 𝑨𝒑𝒓𝒊𝒍 1, 2025!  As we step into FY 2025-26, several important tax and GST changes will take effect. Here's a quick summary of the key updates you should know! 🏦 𝐼𝑛𝑐𝑜𝑚𝑒 𝑇𝑎𝑥 𝐶ℎ𝑎𝑛𝑔𝑒𝑠  ✅  𝐇𝐢𝐠𝐡𝐞𝐫 𝐓𝐚𝐱 𝐑𝐞𝐛𝐚𝐭𝐞 𝐮𝐧𝐝𝐞𝐫 𝐒𝐞𝐜 𝟖𝟕𝐀  – Increased from ₹25,000 to ₹60,000 for incomes up to ₹12 lakh (New Regime). ✅  𝐑𝐞𝐯𝐢𝐬𝐞𝐝 𝐓𝐚𝐱 𝐒𝐥𝐚𝐛𝐬  – Basic exemption raised to ₹4 lakh; highest 30% tax on income above ₹24 lakh. ✅  𝐇𝐢𝐠𝐡𝐞𝐫 𝐓𝐃𝐒 𝐓𝐡𝐫𝐞𝐬𝐡𝐨𝐥𝐝𝐬  – Bank deposit TDS limit increased from ₹40,000 to ₹50,000. ✅  𝐏𝐞𝐫𝐪𝐮𝐢𝐬𝐢𝐭𝐞 𝐄𝐱𝐞𝐦𝐩𝐭𝐢𝐨𝐧𝐬  – Employer-paid foreign medical expenses are no longer taxable. ✅  𝐍𝐏𝐒 𝐕𝐚𝐭𝐬𝐚𝐥𝐲𝐚 𝐓𝐚𝐱 𝐁𝐞𝐧𝐞𝐟𝐢𝐭  – Additional ₹50,000 deduction on contributions to children’s NPS accounts. ✅  𝐔𝐋𝐈𝐏 𝐆𝐚𝐢𝐧𝐬 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧  – Proceeds ...

  📢 𝒀𝒆𝒂𝒓-𝑬𝒏𝒅 𝑪𝒉𝒆𝒄𝒌𝒍𝒊𝒔𝒕 𝒇𝒐𝒓 𝑩𝒖𝒔𝒊𝒏𝒆𝒔𝒔𝒆𝒔 – 𝑻𝒂𝒙 & 𝑪𝒐𝒎𝒑𝒍𝒊𝒂𝒏𝒄𝒆 𝑷𝒓𝒊𝒐𝒓𝒊𝒕𝒊𝒆𝒔! 🚀  The FY  2024-25 is closing soon  ⏳ this is your last chance to  finalize accounts, comply with tax laws, and ensure a smooth transition  into the next year! Missing key financial and tax adjustments can lead to  penalties, compliance issues, and audit troubles . Here’s a  must-do checklist  to wrap up your year  efficiently . ✅ 🔍 𝐓𝐚𝐱 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 & 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 📊  ✔  Pay Advance Tax & Clear Dues  – Ensure your tax liability is covered to  avoid interest & penalties . ✔  TDS/TCS Reconciliation  – Verify tax deducted at source (TDS) against your books & Form 26AS. ✔  GST Input-Output Matching  – Reconcile GST input tax credit & correct mismatches before filing returns. ✔  MSME Payments Compliance  – Pay MSME vendors within...

🔍 IndusInd Bank’s ₹1,577 Crore Accounting Shock – What Went Wrong? IndusInd Bank, known for pioneering internet banking in India, is now in the spotlight for a different reason—a ₹1,577 crore hit (~2.35% of net worth) due to accounting mismatches in its derivatives portfolio. 📉 What Happened? For 5-7 years, the bank used interest rate swaps (IRS) and FX derivatives to hedge foreign currency deposits and borrowings. However, while external trades were marked-to-market, internal trades were misaccounted using swap cost accounting—leading to valuation mismatches. ❓ Why Now? 🔸 New RBI rules (April 2024) prompted a review, exposing these discrepancies. 🔸 IndusInd Bank proactively reported the issue & engaged an external agency to investigate. ⚠️ Leadership Shake-Up & Oversight Gaps 🔹 CEO Sumant Kathpalia’s extension reduced to one year—RBI concerns? 🔹 Ex-CFO Gobind Jain’s recent resignation adds to the uncertainty. 🔹 Audits missed this for years—raising serious ri...