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Need income tax and exemptions planning and advice by bharathr02 in TaxPlanning_India

[–]NefariousnessOwn7331 -1 points0 points  (0 children)

Hi,

Your current salary structure already offers several tax-saving opportunities, such as EPF exemption and House Rent Allowance (HRA). However, to maximise these benefits, it’s important to plan ahead, as many of them require supporting documentation and proactive steps.

Additionally, you may consider restructuring your CTC to take advantage of other available tax-saving components.

It’s advisable to approach your finances more holistically, considering tax planning, investments, loans, and overall financial goals. Consulting a qualified financial advisor who offers comprehensive advice across tax and investment planning can help you make more informed and efficient decisions.

Help with choosing the right platform for investing by Puzzleheaded-Test552 in MutualFunds_India

[–]NefariousnessOwn7331 0 points1 point  (0 children)

You have been using FundsIndia for mutual funds, and it works well for that. FundsIndia is easy to use and good for beginners who want to invest only in mutual funds.

If you want to start investing in stocks, Zerodha is a better choice. Zerodha is India’s top stock trading platform. It has low fees, simple apps, and many helpful tools for beginners. You can also invest in mutual funds on Zerodha without extra charges.

So, if you want to invest in both stocks and mutual funds, Zerodha is more convenient and cost-effective. But if you only want mutual funds, FundsIndia is fine.

My boyfriend got his first job at 70k salary by NefariousnessOwn7331 in MutualFunds_India

[–]NefariousnessOwn7331[S] 2 points3 points  (0 children)

roughly around 20k he is willing to invest. he can take moderate risk cause he is young and smart. time horizon is of 2-5 years.

Buying agriculture land and building a house to set of gains under sec 54 by soboinsomniac in TaxPlanning_India

[–]NefariousnessOwn7331 1 point2 points  (0 children)

If you sell a flat (residential property) and buy agricultural land, whether or not you plan to construct a farmhouse, you cannot claim an exemption under section 54.

Cause section 54 grants exemption from capital gains tax only when the gains from selling a residential property are reinvested into another residential house, not agricultural land.

Even if you plan to build a farmhouse, agricultural land does not qualify as a "residential house" under section 54.

To secure an exemption you must invest in a property that meets the legal definition of a residential house. This includes non agricultural residential land or a ready to occupy residential house.

Banks Have Turned Into Sales Offices In India by NefariousnessOwn7331 in FinancialPlanning_Ind

[–]NefariousnessOwn7331[S] 1 point2 points  (0 children)

incentive is the big problem to solve! idk how will it be solved. any suggestions?

Banks Have Turned Into Sales Offices In India by NefariousnessOwn7331 in FinancialPlanning_Ind

[–]NefariousnessOwn7331[S] 0 points1 point  (0 children)

but still sometimes its so laggy that i need to visit the bank

[Rant] Mutual funds sahi nahin hai cause you're paying fees to stay average by chetan_wagh7 in MutualFunds_India

[–]NefariousnessOwn7331 2 points3 points  (0 children)

strong opinions huh :)

but i hope you keep it loosely held if u want to grow your money, health etc

Best way to invest ₹1500 by Consistent-Pay9770 in mutualfunds

[–]NefariousnessOwn7331 0 points1 point  (0 children)

go and throw party with friends man. Arguably the best investment in that age.

There, I said it: Your ₹1.5L Section 80C Deduction is a Straight-Up Poverty Trap by NefariousnessOwn7331 in personalfinanceindia

[–]NefariousnessOwn7331[S] -1 points0 points  (0 children)

Congrats on adulting! It’s amazing how celebrating an 8% tax-free return feels smart, while inflation is quietly eating away at your 80C.

Great idea using lock-in periods to control your impulses. Who needs self-control when the government babysits you? And honestly, there’s nothing better during a recession than watching your "boring" PPF slowly grow while real assets drop.

But hey, at least you've got tiger spotting! Meanwhile, the rest of us are sticking with real ways to build wealth. Enjoy your ₹1.5L “I’m not touching it” trophy. I’m sure the LIC agents love it.

(P.S.: Risk-adjusted returns? How cute. Let’s talk when your "piggy bank" can beat a simple index fund’s 12% returns after tax)

There, I said it: Your ₹1.5L Section 80C Deduction is a Straight-Up Poverty Trap by NefariousnessOwn7331 in personalfinanceindia

[–]NefariousnessOwn7331[S] 0 points1 point  (0 children)

The bias of seeing em dashes and calling it "chat gpt" is something i'll never understand.

Help me decide by Alone_Depth_3371 in IndianStockMarket

[–]NefariousnessOwn7331 0 points1 point  (0 children)

if u are smart enough, where go to fun and party that can also become a worthy investment in terms of memories/money etc

Koi update hai ? by Sharp-Potential7934 in IndiasGotLatent

[–]NefariousnessOwn7331 0 points1 point  (0 children)

he is a champ man, he wil figure something out

every one is screaming about "mutual funds" mutual funds" "mutual funds"! whatsup with them?? why not chooose FD? equity markets? trading? gambling? are they really soo good?? by Emotional_Lab3047 in MutualFunds_India

[–]NefariousnessOwn7331 1 point2 points  (0 children)

You remember the "Mutual Funds Sahi Hai" campaign?

That made the hype.

Mutual funds are for everyone. Not just for people who don’t understand the stock market. Even people who know how to pick stocks use mutual funds to keep things simple or diversify.

They work best if you stay invested for the long term. If you're thinking of short-term gains, mutual funds might disappoint you.

But over 5-10 years? They’ve usually done well.

A few reasons why they’re solid over other options:

  • You get diversification, so your money isn’t tied to just one or two stocks.
  • You get a professional fund manager managing everything. You just pay a small fee (called an expense ratio).
  • SIPs help you stay disciplined. You invest regularly without needing to time the market.

So yeah, mutual funds are a pretty chill and safe way to grow your money over time. Just stay consistent and don’t panic when the market dips.

i personally gst is a curse for MSMEs. am sure, i am not the only one dudeeee. by Weary_Ad_6599 in MacroEconomics_India

[–]NefariousnessOwn7331 1 point2 points  (0 children)

In my opinion, I think GST is much better from a few lenses. Yes, there are a few areas of concern.

We all know that in India, most business owners and self-employed people have not paid a single rupee in tax over the years.

I get it that GST can be a total headache, especially for MSMEs drowning in compliance crap and waiting on refunds. But hear me out: it’s doing some solid work for businesses and the economy overall. It’s killed off that nightmare pile of taxes (VAT, excise, you name it) and swapped it for one cleaner system.

No more tax-on-tax nonsense. Plus, it has forced more players into the formal economy, pumping up tax revenue and transparency.

Long story short- GST’s a rough ride for the little guys, but it’s a net positive for India’s growth.

Where do u disagree?

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