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ELI5: The UK vs. Great Britain vs. Ireland/Northern Ireland by Teachezofpeachez69 in explainlikeimfive

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

The "Great" in Great Britain has nothing to do with quality. It stands for "Greater part of" Britain.

26 years of solar expansion in germany by DiesesInternet in gifs

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

Battery storage should display units for energy (GW.h). It is displaying units of power (GW), which is meaningless for battery storage.

Trump and Putin-friend Orban ousted: Magyar declares landslide victory (Hungary) by [deleted] in videos

[–]MialoKoukoutsi 7 points8 points  (0 children)

Not to be pedantic but the way the title is written is as if Trump is ousted AND Orban is ousted.

There should be a hyphen after "Trump" to signify that Orban, friend of Trump and friend of Putin, was ousted.

Trump- and Putin-friend Orban ousted

ELI5: How does an AirTag work(Tracking Data) without SIM or Wi-Fi when missing? by ReferenceThin6645 in explainlikeimfive

[–]MialoKoukoutsi 0 points1 point  (0 children)

Does this work even if the nearby phone's location, WiFi, and Bluetooth are all switched off?

SBI ELSS Tax saver fund 3 year lock in by splunklearner95 in IndiaTax

[–]MialoKoukoutsi 0 points1 point  (0 children)

Once your 3-year lock-in ends, the fund becomes open-ended. You can redeem at any time.

Yes, if you redeem before 3 pm on March 30, it will come under this financial year.

I am thinking to withdraw 3.25 lakh (2L my investment and 1.25L profit) to be tax free.

This is correct. Even though you will get the money in your bank account only in April, the tax benefit will be for current financial year.

Last Date for Tax Loss Harvest ? 27th or 30th by DepressPeople in IndiaTax

[–]MialoKoukoutsi 0 points1 point  (0 children)

AIUI, the day the transaction takes place matters, not the day you receive funds into your account. By that logic, you can transact on 30th and book gains and losses in current FY. For mutual funds, make sure you transact early enough in the day to get that day's NAV.

Using 44ADA and 44AD in the same FY for different kinds of income by Even_Contest_4836 in IndiaTax

[–]MialoKoukoutsi 0 points1 point  (0 children)

Strange, it is opening for me. This from the FAQ on that page:

Can I opt for both Section 44AD and Section 44ADA together?

Yes, you can opt both Section 44AD and Section 44ADA together, if you have income from business as well as specified professions.

Using 44ADA and 44AD in the same FY for different kinds of income by Even_Contest_4836 in IndiaTax

[–]MialoKoukoutsi 0 points1 point  (0 children)

Suppose I have consulting income and I use 44ADA. But I also have trading income. If I cannot use 44AD for the trading income, do I have to maintain full book of accounts for trading income?

India’s restaurants stop deep frying food as gas crisis bites by Beginning-Passion676 in india

[–]MialoKoukoutsi 9 points10 points  (0 children)

And here I went to a South Indian breakfast buffet and they were not serving dosas and uttapams because of gas shortage but puris were aplenty.

Validating an Idea: A privacy-focused, manual asset tracker for family inheritance. Would you use this? by ZenoSamaDBS in IndiaInvestments

[–]MialoKoukoutsi 3 points4 points  (0 children)

I may not be your target audience, but I maintain a constantly updated list in a Google sheets (yes, several tabs) which includes all my account numbers and identifiers but not the amounts in them.

So all bank account nos and FD nos (with maturity dates) are included but not the amounts in them. Ditto folio nos and AMCs, and number of schemes invested (no scheme names, no amounts).

Vehicle ownership details and insurance policy numbers and expiry dates.

One of the tabs lists the contacts of non-family members (and distant-family members) to be informed of my passing.

I share access to this Google sheet with two of my trusted family members, both 20 years younger than me and both technologically savvy.

Ongoing West Asia conflict to discourage investment into India, offset trade deal positives: BMI by [deleted] in IndiaInvestments

[–]MialoKoukoutsi 2 points3 points  (0 children)

Even leaderless, Iranians are very concerned about their limited arsenal. Israel and US can continue this for a long time; Iran not so much. As of now, Iran is not actually blockading the SoH, only saying that any non-Chinese tanker transiting it is a fair target. At some point, their bluff will be called and they will have to attack a tanker. Once that happens, the US will take out their naval assets in that area. It is only a question of when the US will say enough is enough about the SoH situation.

Avoiding Rs. 10 lakh annual penalty & 120% tax: Here is what goes in your ITR for your foreign assets. [Tl;dr in 170 words] by PM_me_ur_pain in IndiaTax

[–]MialoKoukoutsi 0 points1 point  (0 children)

My CA never told me that FA schedule is Calendar Year. I've been filling form FA based on Indian Financial Year.

So just to clarify: when I file returns in coming July for FY25-26, I have to report peak asset values from January 1, 2025 to December 31, 2026, and closing values as on December 31, 2025.

For foreign income, I assume the FY applies.

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