Devadiya and Associates

Devadiya and Associates Chartered Accountants

18/07/2026

How IT Department Mistook Vehicle Purchase as Sale

Have you ever seen the Income Tax department make such a bizarre mistake? In this shocking case, an assessing officer mistakenly treated a bus purchase with TCS as a 'sale of motor vehicle' and slapped a short-term capital gain tax and heavy penalty on the taxpayer. The clear proof is right there in Form 26AS, but it was completely ignored. Watch this video to understand how such blunders happen and how to stay alert with your tax filings. Let us know your thoughts in the comments.

16/07/2026

3 Mistakes That Trigger An Income Tax Notice

​Did you know a small oversight can get you an Income Tax Notice? In this video, we break down 3 common mistakes people unknowingly make:
​1️⃣ Data Mismatch: Discrepancies between your ITR and AIS (Annual Information Statement) data, such as failing to report FD interest or dividends.
2️⃣ High-Value Transactions: Purchasing expensive property or making large investments that don't align with your reported income.
3️⃣ Wrong Claim Deductions: Submitting fake rent receipts to claim HRA.
​Avoid these errors and file your tax returns accurately! If you found this information helpful, save this video and share it with your friends to keep them informed.
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09/07/2026

Start These 5 Financial Habits in Your 20s

Earning money is important, but knowing how to manage it is the real game-changer! 📊
​In this video, we break down 5 simple yet powerful financial habits that every 20-something needs to adopt. Starting these steps today will set you up for a highly secure and stress-free future. 🚀
​Which of these habits are you already following? Let me know in the comments! 👇
​Save this reel for later and share it with your friends! 📌
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03/07/2026

Why Your Eight Lakh Car Costs Double!
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Planning to buy an ₹8 Lakh car? Hold on. Once you calculate registration, insurance, EMI interest, fuel, and yearly maintenance over 5 years, your actual cost jumps to ₹13-₹15 Lakhs. Always do the math before getting trapped in the EMI cycle!
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02/07/2026

How Long Will It Take To Double Money?
​Where should you invest to double your money faster? 📈 Watch this quick breakdown to know exactly how many years it takes for your investment to double across different assets. Save this reel for your future financial planning and share it with a friend who needs to start investing smartly! 💸👇

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30/06/2026

The Wealth Secret That Made Warren Buffett a Billionaire
Warren Buffett made his first investment at just 11 years old.

But here’s the part most people miss. He stayed patient for decades. The shocking truth? Over 99% of his net worth was built after his 50th birthday. The real compounding kicked in during his later years.

This story teaches one powerful lesson for every investor. Big results don’t just come from making the right decision. They come from giving that decision enough time to work.

You don’t need to time the market perfectly. You need to start early, pick quality investments, and stay invested long enough for compounding to do its magic.

Time in the market beats timing the market. Start now, stay patient, and let time build your wealth.





28/06/2026

This Paper Can Make You Crorepati...
Look closely at this calculation. It can change your life.

If you invest just ₹10,000 per month in SIP and get an average 12% annual return, you’ll have more than ₹1 crore in about 20 years.

Here’s the shocking part: your total investment during these 20 years is only ₹24 lakh.

The remaining ₹76 lakh comes purely from the power of compounding. Your money earns returns, and those returns earn more returns.

You don’t need a huge salary to become a crorepati. You need consistent investing and patience. Start early, stay invested, and let compounding do the heavy lifting.

Don’t wait for a big bonus or salary hike. Start your ₹10,000 SIP today. Save this reel and thank yourself in 2046.



23/06/2026

One ITR Miss Can Ruin Your Finances..
Think not filing taxes is a small thing and no one will ask? That’s exactly how it starts.

One day, an Income Tax notice lands in your inbox. And then you realize it’s not just a small fine.

Your bank account can be frozen. Loan and credit card approvals get rejected instantly. You can’t do high-value property transactions. On top of that, you get hit with penalty plus interest at the same time, which keeps growing every month.

Paying tax isn’t just about following the law. It’s your financial safety net. It protects your credit score, your investments, and your peace of mind.

There’s still time. Talk to your CA today and file your ITR on time this year. Don’t wait for a notice to take it seriously.

16/06/2026

One Mistake Could Suffer to 2 Years in Court
One person passed away — and the family spent 2 years in court. Just one missing document.

This happens when:
1. Your bank account has no nominee 2. Property papers are not transferred 3. Insurance nominee is wrong or outdated
These look small. Until your family needs them.

If you truly want to protect them, do these 3 things today:
1. Add a nominee to every bank & demat account 2. Double-check nominees in all insurance policies 3. Get a simple Will made by your CA
Don’t wait for “someday.” Complete the paperwork now.

Share this video with your family — it’s the most important task.
Comment “NOMINEE” for a free checklist.
Check your nominations today.

14/06/2026

Don't Make This Property Buying Mistake
Paying 50 Lakh+? This 1% Mistake Costs Lakhs

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Planning to buy your dream home for 50 lakh or more?

Stop. Read this before you transfer a single rupee.

Under Section 194IA, you MUST deduct 1% TDS from the seller’s payment and deposit it with the government within 7 days. This rule applies to everyone — not just businesses.

Got an NRI seller? The TDS rate shoots up to 12.5% or more.

Miss this step? The Income Tax Department can penalize YOU for up to 100% of the tax amount. That’s lakhs gone just because of one missed form.

Don’t let paperwork ruin your property deal.

Save this reel for your closing day.
Share it with someone who’s house hunting.
Comment “TDS” if you want a checklist for buyers.


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A-301 The First, Near ITC Narmada Hotel, Vastrapur
Ahmedabad
380015

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Tuesday 10am - 7pm
Wednesday 10am - 7pm
Thursday 10am - 7pm
Friday 10am - 7pm
Saturday 10am - 7pm

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