FINANCE

I’m a Taxpayer who falls under 30% Income Tax Bracket & upto 28% GST on Purchases And I Commit to Never Take Benefit of Free Electricity, Free Public Transport, Subsidised LPG and Other Such Schemes Those are Meant for Poor & should not be Exploited by People who are Privileged I’m absolutely against Freebies for Political gains, regardless of any Political Party in India But there are majority of people, who needs many such schemes. For me and many others ₹1000 could be a price of Coffee & One Time Meal But for Millions of others in India earning between ₹10,000-₹30,000 Per Month and having to manage family, bills, medicines etc Even ₹1000 can make a lot of difference As a Taxpayer, If you ask me I do feel exploited at times like many others who pay their taxes honestly (Income Tax & GST) both We don’t really get social security benefits, great roads, infrastructure, better quality of living, healthcare, education etc despite being Taxed like 1st World Countries Things...

Financial Plans don't have to be Complex. Here is a Simple Financial Plan-    🏥Buy Health Insurance- all family members (min 5L)  🛡️Buy Term Insurance- Earning members (20xAnnual Income)  🦺Create an Emergency Fund- 6 months  💰Save minimum 30% of your Income 📈Invest 70% of your Savings into Equity Instruments - Index Funds/Large cap etc. 📰Invest the rest into Debt Funds/Bonds/SGBs 🏖️Invest at least 15% of your savings in a Retirement Plan. 💵Choose Low-cost Investments, wherever possible *Note- Financial planning is a personalized process that should consider individual goals, income, expenses, and risk tolerance. It's beneficial to review and adjust your financial plan periodically to accommodate changing circumstances and financial goals.

Indians love gold. In fact Indian households have more gold than Central banks of the biggest economies. But did you know that we are still price takers in the global gold market? To solve this, SEBI is planning to introduce electronic gold receipts (EGRs). What are EGRs? When you deposit your money in a bank, your balance will show the amount of money in your bank account. It is your money and the balance is proof that the bank is holding this amount for you. Similarly, EGR is a certificate that says you own 10g of gold. You are not physically holding the gold but there is a vault manager who is taking care of it. These receipts are available in demat form and can be traded just like stocks. How do you get these EGRs? You can either buy these receipts from the exchange Or You can deposit your gold at a SEBI-registered vault manager (Maybe a bank). Against 20g of gold, they give you 2 electronic receipts of 10g gold. What is the advantage of these receipts? 1) Makes selling...

To avail tax exemption under Income Tax Act 80G, you will have to upload the donation receipt certificate issued by the concerned organization while filing the income tax return. Without this, tax exemption will not be available. If you donate to any charitable institution or religious institution and non-governmental organizations, then you can take advantage of tax exemption under Income Tax Act 80G. For this, you will have to upload the donation receipt certificate issued by the concerned institution while filing income tax return. Without this, tax exemption will not be available. It is also worth noting that 50 to 100 percent tax exemption can be availed according to the categories of entities. Have to give 10BE certificate As per the Income Tax rules, any charitable or religious institution or NGO has to report the donations received during the entire financial year to the Income Tax Department. Also, the person making the donation has to issue a Form 10BE certificate. With this,...

ONDC seem Biggest Threat for Swiggy/Zomato Price of McDonald’s Burger 🍔 • Swiggy/Zomato - ₹282.5 • ONDC - ₹109.4 Over 60% Savings for Users This is UPI Moment for India’s E-Commerce 🚀 Let’s decode this Commission (18-24%) is the Biggest Head for Restaurants,  They also pay Platform Fee & Taxes This eventually increases the overall cost for users, also less profit margin for Restaurants While ONDC is Building a Sustainable Ecosystem Restaurants just pay 2-4% commission, Delivery cost to be paid by Users Read More on this - https://inc42.com/features/restaurants-have-ondcs-back-to-end-swiggyzomato-duopoly-will-they-succeed/ To be clear & Takeaways • There’s no separate app for ONDC, you can’t find directly on the App Store • ONDC is an Ecosystem, currently you can use Paytm & a few other integrated apps • ONDC is still in Beta and available in selected cities Restaurants can offer better pricing to users because they save aggregator (...

As per many High Court Judgements, & CBDT Instruction No 1916 Married Women – 500 grams Unmarried Women – 250 grams Male Member – 100 grams For example, in a family consisting of a Father, Mother, Married Son & his Wife and unmarried Daughter, total 5 members can hold 2 Married Women – 500 *2 = 1000 gms 2 Male Member – 100*2 = 200 gms 1 Unmarried Women = 250*1 = 250 gms Total = 1450 gms of Gold Jewellery The CBDT guidelines in Instruction No 1916 define the limits for Search operation and seizure and not for assessment, however, various High Court rulings considering Indian Traditions and Customs are of the opinion that such holding found in possession will not be questioned for its source and acquisition.  The quantities specified in the instruction are to be treated as reasonable and therefore explained and should not be the subject matter of additions during assessments As per Hindu Tradition, gol...

ఆంధ్రప్రదేశ్ లో డేటా కోసం వెతుకుతున్న వివిధ పార్టీల మిత్రులకు ఈ తీగ !!  మీరు యుద్దాలు చేసుకోవాలంటే మొత్తం డేటా ఒక్క చోట దొరకదు కనుక , రక రకాల రంగాల్లో డేటా సౌర్సులు ఇక్కడ తీసుకోండి. 1.  హౌసింగ్ డేటా ఇక్కడ చూసుకోవాలి. http://dashboard.mohua.gov.in/ http://pmay-urban.gov.in/ 2. తరువాతి ప్రధాన రంగం పవర్ సెక్ట్రారు. ఇక్కడ జనరేషన్, డైలీ డేటా చూడవచ్చు. దానికి సంబంధించిన కొల్ డేటా కూడా ఇక్కడ చూడవచ్చు. https://npp.gov.in/dashBoard/cp-map-dashboard కోల్ డేటా: https://npp.gov.in/publishedReports 3.వాహన రిజిస్ట్రేషన్ లు, ఏ జిల్లా లో ఎక్కువ డబ్బులు వస్తున్నాయి, ఏ ఆర్టి వో లో ఎక్కువ డబ్బులు వస్తున్నాయి, వంటి నెలవారీ డేటా కోసం వాహాన్ డ్యాష్ బోర్డు చూడండి. ఇక్కడ తెలంగాణ తప్ప మొత్తం డేటా చూడచ్చు. https://vahan.parivahan.gov.in/vahan4dashboard/ 4.ఇక్కడ రైల్వే కు సంభందించిన డేటా ఇక్కడ చూడవచ్చు. పెద్దగా ఉపయోగం లేకపోయినప్పటికీ, స్టార్ట్ అప్ ఐడియాలు కు బాగా పనికి వస్తుంది. https://raildrishti.indianrailways.gov.in/raildrishti/mobilesite/ReservedPassenger1.jsp?period=Y&type=P 5.గాలి మోటార్లు ...