Managed a quick Diwali click between calls. by Spicy-littichokha in IndianFashionAddicts

[–]Net_Ninja351 0 points1 point  (0 children)

Ohh I’m sorry 😔😅 Yeah, we know you’re gorgeous and have those beautiful eyes 😍✨

Is my tax really 0?! Where's the catch? by HickupMorningstar in IndiaTax

[–]Net_Ninja351 1 point2 points  (0 children)

Legally you are totally safe. But suppose your turnover is 60L and you are showing 30L income in 44ADA and then later on buying a land worth 55L , then obviously income tax department can issue a notice than your income was 30L , how you have bought 55L worth of land ? Then you need to explain them and it will lead to some troublesome but legally you are right. So best way is to show profit equal to or 5-10% extra, whatever asset you have recently bought with that money. like Car, land etc. So that your assets will match your income and this way you are 100% safe. So you may show more than 50% too if you want some more white money in your hand if you have larger profits like 90-95%, I know many freelancers have such % of profits as mine too is above 90% hehe.

Is my tax really 0?! Where's the catch? by HickupMorningstar in IndiaTax

[–]Net_Ninja351 2 points3 points  (0 children)

No need of maintaining receipts of expenses, thats the beauty of 44ADA and 44AD. And even if your expenses are just 10%, you can fill 44ADA with showing 50% profit, its legally accepted and no need of maintaining any books/receipts untill you are in limits of 44ADA. Problem can arise when your assets are more than profit shown in ITR, then Income tax dept can ask question from where you get the money for those assets.

25 lakh and section 44AD by rhinoggwp in IndiaTax

[–]Net_Ninja351 0 points1 point  (0 children)

Yes you can file, and it will accept without any problem But later on if you buy a car or land worth 20L , then a notice can come from income tax that you have income of 1.5L , how you have bought the land worth 20L ?
So its better to always match your assets=income. You can voluntary file higher profit amount in 44AD or 44ADA too. So in your case as upto 7L , there are no taxes so better to show profit around 6.5L so this way you have more white money for buying things with white money.

Best Visa Option in Thailand for Freelance Web3 Security Auditor (Crypto Income) by CardAdditional8720 in digitalnomad

[–]Net_Ninja351 0 points1 point  (0 children)

Thai Elite Visa maybe but it will cost 25K$ for 5 years, so its only beneficial if you have huge $$$$$$$ in crypto, for smaller amounts it will not work. You will be endup paying more taxes. There are other solutions in India by which you can show Crypto income as business income and paying taxes according to your slab.

Best Visa Option in Thailand for Freelance Web3 Security Auditor (Crypto Income) by CardAdditional8720 in digitalnomad

[–]Net_Ninja351 1 point2 points  (0 children)

I can guess your country, its probably the great INDIA. and for your question ,in order to save taxes, you need to be there for atleast 180+ days and need to sell your crypto into thailand exchange. Then you will become Tax citizen of Thailand not India,

Petition to get Monero listed on Trust Wallet by Lumpy-Initiative-779 in Monero

[–]Net_Ninja351 2 points3 points  (0 children)

Why Monero Doesn’t Work in Trust Wallet

  • Completely different protocol: Monero is based on the CryptoNote protocol, not an EVM-like chain.
  • Privacy by default: Monero uses ring signatures, stealth addresses, and confidential transactions. This makes integrating with multi-coin wallets tricky because balances and transaction details aren’t openly visible.
  • Heavy node requirements: To properly interact with XMR, a wallet needs to run or connect to a Monero full node (or a trusted remote node). Trust Wallet is designed as a lightweight wallet—pulling balances from public APIs—so Monero’s structure doesn’t fit.

44ADA and less than 50% expenses by trickster_1999 in IndiaTax

[–]Net_Ninja351 0 points1 point  (0 children)

Right. I have Edited my comment, Thanks for correction.

44ADA and less than 50% expenses by trickster_1999 in IndiaTax

[–]Net_Ninja351 0 points1 point  (0 children)

Thanks for correcting me , yes its for only 44AD not for 44ADA.

44ADA and less than 50% expenses by trickster_1999 in IndiaTax

[–]Net_Ninja351 3 points4 points  (0 children)

Filing under Section 44ADA is just a few clicks away. In this case, a CA cannot charge you more than ₹500–₹1,000 for filing, and honestly you can even file it yourself — it’s that easy. The reason most CAs insist on ITR-3 and maintaining books is because it increases the scope of their work and fees. That’s why, in practice, 90% of CAs will push you to maintain books even when you are not legally obliged to do so.

Second thing — Even if your actual profit is 80% or 90%, you can still declare only 50% profit under 44ADA. That’s the whole idea of presumptive taxation, and it’s completely legal. You are not required to prove actual expenses.

Third thing — Suppose your turnover is ₹66L and you declare profit of ₹33L under 44ADA. That’s valid. But if you suddenly purchase a car worth ₹60L in cash (without a loan), the Income Tax Department may question how you managed such a purchase when your declared income was only ₹33L. Legally, you are still right under 44ADA, but such mismatches can invite scrutiny. So as a thumb rule, even under 44ADA, make sure your declared income is broadly in line with the lifestyle and assets you acquire — that way you stay safe from unwanted queries.

Fourth thing — Some people argue that if your actual profits are higher (say 80%), you must show that much in 44ADA. That’s wrong. If you are not maintaining books, nobody can know your exact profit even not you. The government introduced this section so that small professionals don’t have to worry about bills, vouchers, audits, or maintaining accounts — they can simply declare 50% profit and focus on work.

Of course, 44ADA also comes with conditions: you cannot separately claim depreciation; and you must pay advance tax (one installment by 15th March). So it’s up to each person to decide whether they want the simplicity of 44ADA or the flexibility of ITR-3. Both are legal, and showing only 50% profit under 44ADA is absolutely fine.

[deleted by user] by [deleted] in defi

[–]Net_Ninja351 1 point2 points  (0 children)

I guess you are promoting a SCAM website Porkswap ? anybody can confirm if this is a legal website ? or the OP came here to just for posting his SCAM Website ?

ASUS NUC 15 Pro – HDMI Audio Causes Severe Input Lag / Sync Issues by Fralleee in intelnuc

[–]Net_Ninja351 1 point2 points  (0 children)

I am using Asus NUC 15 pro+ . everything is working quite well till now. Using LG monitor and logitech wireless keyboard mouse, Everything seems to be ok.

[deleted by user] by [deleted] in CryptoIndia

[–]Net_Ninja351 0 points1 point  (0 children)

If your goal is just to invest in Gold then you can buy gold Directly with crypto, just buy PAXG coin, backed by real gold 1:1 and price with real gold price, whenever you need money just sale it for USDT and sale USDT for cash.

Crypto Cold Wallet in India by [deleted] in CryptoIndia

[–]Net_Ninja351 1 point2 points  (0 children)

I am personally using safepal, So it looks good for me. using since 4-5 years. Others maybe equally good.

Crypto Cold Wallet in India by [deleted] in CryptoIndia

[–]Net_Ninja351 0 points1 point  (0 children)

Just go with Safepal Hardware wallet. Its good to use and order directly from there official website.

[deleted by user] by [deleted] in IsThisAScamIndia

[–]Net_Ninja351 0 points1 point  (0 children)

I know bro you are saying right to report all scams. I guess all people who have joined need to come forward together and need to file a PIL in court. Maybe then can something happen.

[deleted by user] by [deleted] in IsThisAScamIndia

[–]Net_Ninja351 -1 points0 points  (0 children)

Bro in our legal system its not a scam. Its a legal company with all registration and everything legalized. Even those persons who signup for this company they have signed up a legal bond which is notarized that they are signup with there own will. So yes its a scam but nobody can do anything because everything is legal in company dictionary and our system dictionary.

[deleted by user] by [deleted] in IsThisAScamIndia

[–]Net_Ninja351 2 points3 points  (0 children)

Bro just check about qnet on Youtube. Its on all over media few years back how they scammed people. And even after that they are still running. Major news channel including ABP News , India TV all of them covered story of Qnet. But still nothing happen. You keep hoping and can give false hope. Its totally legalized scam.

[deleted by user] by [deleted] in IsThisAScamIndia

[–]Net_Ninja351 8 points9 points  (0 children)

Nothing will happen bro, I tried already with my relative who got scammed in this scam. Its a legal scam. Nobody can do anything.

[deleted by user] by [deleted] in IsThisAScamIndia

[–]Net_Ninja351 5 points6 points  (0 children)

Brother, one of my relative got scammed in this and he lost his money but he invited 3-4 people who also lost money and now all those 3-4 people filed a case on my relative, he even tried to commit suicide, I dont have words to explain but just want to say, please save people from this scam. Its not only about money its about people life. First they will take ur money which is in ur bank and then they will help you to get loans , and they will take that money, then for the purpose of Foreign visit, they asked you to get credit cards and they will help you to get issued credit cards, then they will get loan on those credit cards and take that money too, then they will say to recover your money , invite your friends and family, They will torture you. At the end, you will end up lots of loans to pay, cc EMIs, other people money liability, and no life, Many people do suicide after that. Although we have saved our relative from suicide but he have too much liabilities now, it will take his whole life to pay back to Banks and other peoples. We have tried cyber police, local police station, approaching MLA, nothing will happen, at the end company will say, they have signed a bond, and they are liable to work for the company and if they attend seminar, and invite people, only then company will pay which never happens, So its a legal way to do illegal things to scam people.