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Showing posts from April, 2025

Gold just entered six-figure territory

・Gold hit ₹1 lakh/10 gms today. It almost doubled in less than 3 years as the gold price jumped 100% to Rs 1 lakh. Why is this happening? What are the factors fueling this trend? The main reason is the ratcheting up of geopolitical tensions, which have strengthened the safe-haven demand for gold across the world. The freezing of Russian central bank assets in 2022 following the Russia-Ukraine war triggered a wave of gold buying by central banks as countries rushed to shore up their strategic buffers.  The current upheaval around US President Donald Trump’s ‘on-again, off-again’ tariffs has further burnished gold’s age-old reputation as a protective asset during uncertain times.  The weakening of the US dollar index has also propelled rates, as gold is priced in USD globally. Trend in Indian Markets? Is it the right time to invest in the gold? ・What has been the trend in the Indian market? India is the world’s second-largest consumer of gold.  After two months ...

A Heartfelt Appeal to Every Supporter of a Progressive Andhra Pradesh๐Ÿ™๐Ÿ™

To all party supporters, citizens, and well-wishers of our beloved Andhra Pradesh – this is a humble request: Let us all rise above the provocations of religious extremists. Their only agenda is to divide us by religion, not to improve our lives, our standards of living, or the development of our state. I urge you – do not react to their instigating statements. Silence in the face of hate is sometimes the loudest voice of wisdom. We don’t need to prove our faith or the depth of our beliefs to anyone. We love our religion, and we equally respect others' right to love theirs. The most dangerous thing about these provocations is how they start – a post here, a comment there – and before we know it, they can spiral into massive, painful riots. Let us never allow that to happen in Andhra Pradesh. We can't afford a Jabalpur or Gujarat-like tragedy. Not here. Not ever. We are responsible citizens. Educated, kind-hearted, and united by a desire for peace and progress. Let us show that ...

New Financial Year, New Rules: Tax Changes That Will Make (or Break) Your Wallet

1. New Income Tax Slabs (New Regime) 2. Changes in ULIP Taxation Proceeds from ULIPs not exempt under Section 10(10D) will now be treated as capital assets and taxed as: 3. TDS Rationalization 4. Removal of Higher TDS/TCS for Non-Filers - Sections 206AB & 206CCA (higher TDS/TCS on non-filers) were removed to ease compliance. 5. NPS Vatsalya Contributions - Section 80CCD Deduction - Deductions allowed under Section 80CCD for NPS Vatsalya contributions, but only under the old tax regime. 6. Tax-Free Perquisites for Medical Treatment Abroad - Employers' expenditure on foreign medical treatment for employees and family members is tax-free. 7. Simplified Annual Value Calculation for Self-Occupied Properties - Taxpayers can claim "zero annual value" for up to two self-occupied properties for ease in ITR filing. 8. Exemption from Prosecution for TCS Delay - Prosecution not applicable if TCS payment is made before the quarterly filing deadl...