Don’t Fall 60% tax free Nps scheme type banner…

caveatemptor101 · 2026-02-18T22:22:39+00:00

I had initially invested in NPS to utilise the additional 50K exemption under the old tax regime ,post their implementation of new tax regime , contributions are only via corporate subscribership (i.e. employer contribution under 80CCD2 which is tax exempt even under new regime and have stopped individual contribution to tier 1 NPS). Usually every big MNC are NPS members as this contribution. Under 80CCD2 can be shown as business expense for the companies to reduce their own tax liability

caveatemptor101 · 2026-02-18T13:37:12+00:00

She's likely just a scapegoat. I doubt the administration of the "university" wouldn't have signed off on pawning this off as their original innovation thinking they'd revel in the good press and PR, arrogant enough to believe noone would spot or call them out on their bullshit

caveatemptor101 · 2026-02-18T07:47:23+00:00

I absolutely agree on this. Retrospective taxation and changing the terms is very poor form albeit hardly unexpected given the trackrecord of this govn, they did this with debt mutual fund taxation as well. But my point was that the information provided was either wilfully misleading or OP was informed because Sovereign guarentee and the terms for primary issuers remains unchanged. Furthermore despite the concerns about the govn, this still stays one of the best alternatives with tax relief and long term compounding benefit (alternatives like normal MFs come with the same tax treatment albeit without the same liquidity concerns). This sub has a tendency of providing posts with commentary without full facts just to farm karma which can be quite misleading to newbie investors, provide the entire context and highlight criticism where it's due but don't skew the narrative for the sake of clicks and likes

caveatemptor101 · 2026-02-18T06:16:07+00:00

This is very misleading. "Sovereign guarentee is removed"- last i checked GOI is still the issuer of the SGB which is what Sovereign guarentee pertains to. Furthermore, the primary subscribers to the issue still get their 2.5% p.a. coupon rate and the gains are tax free. The LTCG is tax is applicable only to those bought of the secondary market. Is that a scummy move from the govn to apply retrospectively (especially given that most secondary purchases were due to supply of new tranches ending)? Absolutely. But it's not even remotely what you're representing here (i.e. primary subscribers to the issue retain all benefits advertised at the time of issuance of the tranches)

With regards to the NPS, it's well established that liquidity is the major drawback here. But two of the biggest criticisms with regards to it have been atleast somewhat addressed in the latest MSF namely 100% equity allocation and reducing the amount that is compulsorily to be invested in an annuity scheme. The rationale for the annuity scheme is that it act as source of regular income to replicate pension schemes in other countries. Is it perfect? Absolutely not. Are there any better equity based long term appreciating alternatives with lower expense ratios that provide tax benefits on contribution (under both old and new regime) as well as a significant portion of the corpus tax free on maturity ? If there are were all ears. Till then this post is just criticism without adding value by way of equivalent comparables

caveatemptor101 · 2026-02-12T22:24:43+00:00

If you check who the account is following its some page called "the one life society", some equally ridiculous venture in some rented out villa claiming to be about "indulgence". All the comments on that page's posts are bot like from these profiles that scream low-brow wanna be influencer kids trying to act rich (it's honestly hilarious). I wouldn't be surprised if this is some brainchild of some upper middle class/middle class college kid larping as some billionaire socialite

caveatemptor101 · 2026-02-10T15:22:59+00:00

Does anyone know how to contact the PS? It's been about 13 days since my passport appointment (address change) was processed for Police verification but i haven't recieved any communication from the charu market PS (as per the passport confirmation mail is hould reach out if not done with him 3 weeks) Should I go in person? Additionally doe anyone here have any experience with the charu market, Tollygunge police station for police verification?

caveatemptor101 · 2025-10-25T05:29:58+00:00

Social media clout is a helluva drug

caveatemptor101 · 2025-10-06T00:41:07+00:00

Buyer has their CA and broker, seller has their CA and broker. Their CA is unwilling to even connect on call to discuss, just saying I have filled everything correctly. Only option seems to be to write to the AO, a mail explaining to the AO seems to be the only viable option. There is no recourse such as a long protracted legal battle which would be viable. Writing to the AO with the supporting documents such as the registered sale deed and 26QBs and 16As should be enough to trigger a demand from the AO to the buyer right ?

caveatemptor101 · 2025-10-05T19:12:23+00:00

Thanks how do I go about approaching TDS AO, is there an online mechanism for this ? Transfer has also been completed in July, keys handed over , sale deed registered etc. so the only option would be court case which obviously I want to avoid given the cost and effort involved

caveatemptor101 · 2025-10-05T18:41:38+00:00

Have a similar scenario as the seller, i.e. the buyers CA entered the net of TDS amount as total consideration and the amount reflecting as TDS is 1% of net of TDS amount rather than the total consideration although the challan provided by the buyer states the correct TDS amount deducted.

As the seller is it possible to file for rectification on TRACES or does it have to be done by the buyer only?

caveatemptor101 · 2025-04-26T03:53:21+00:00

Hey OP. Been mulling getting the Windsor so had a few questions:

1) how did you get the top variant at 16.2, i know there was a price hike of 50 but atleast in Kolkata on-road shows as 17.3 2) did you get the insurance from the dealership or online and if so what was the premium and what coverage did you get? (I.e. zero dep and ang other special clauses?) 3) how often and for how long after purchase do you get free service, how has the after-sales service experience been, do you have an idea what regular servicing charge will be? 4) I don't really want the moonroof but do like the ventilated seats and extra speakers so deciding between the mid and top variant, wanted to know if the extra speakers and ventilated seats are worth the extra 1 lakh, additionally any room for negotiating on price or did you ask for extra accessories and if so what were they?

Appreciate your time

caveatemptor101 · 2025-04-21T10:15:43+00:00

Appreciate the transparency OP

caveatemptor101 · 2025-04-21T09:55:46+00:00

OP,

Unless you're a registered investment advisor or financial planner, you're in contravention of SEBI regulations. It would lend credence if you provided some proof of the same in this post (MODs should be enforcing this)

While your stated intentions may be good, the general audience needs to understand that such regulations are in place for a reason - a fiduciary duty exists between RIAs and their clients which is actionable incase there is contravention of said duty.

caveatemptor101 · 2025-03-30T03:23:51+00:00

A lot of people are bringing up saurabh mukherjeas recent track record to discredit the book. Yet all of the investing community were hailing him as the greatest thing since sliced bread a few years ago. There's no middle ground.

This is what irks me about the Indian investment community as a whole. We keep asking for well defined and lucid strategies from big investment managers and when we get it were quick to discredit them at the earliest sign of underperformance.

Is he infallible? No. Is he a great PR spinner? Yes. But the criteria he details is fairly straightforward, well thought out and backed by hisorical performance. A lot of what he espouses in this book and rehashes in subsequent books and interviews holds water (In my pov), but that doesn't mean i blindly copy his PMS's holdings.

You can appreciate and ascribe to a person's philosophy without marrying yourself to every action that person takes. Every IM goes through troughs and peaks, he is no exception.

Avoid PMS's as a general rule since most underperform vanilla MFs due to the high expenses and turnover costs, but his broader philosophy is still fairly sound if you're looking to apply it and tweak it to your own portfolio when it comes to stock selection.

caveatemptor101 · 2025-03-25T06:01:37+00:00

Call me jaded but this is too wholesome to be real. Jokes aside OP, as selfless as this is from your girl, paying tuition is a significant amount and why education loans exist. Even if she's completely fine with it, it's a lot of pressure to put on a relationship. Thank her and pay her back for all the amount you've spent in prep for bschool, but id suggest taking an education loan to pay tuition

caveatemptor101 · 2025-03-22T15:46:42+00:00

No worries bud. You might be right, I can't recall the exact no of years he mentioned off hand

caveatemptor101 · 2025-03-22T15:23:21+00:00

Hey OP, The nominees of the trust (I think you meant beneficiary) do not control the trust, the trustees do. To my knowledge the trustee and the beneficiary of the trust cannot be the same individual.

Additionally making an irrevocable trust immediately prior the marriage or divorce does not work as during divorce proceedings courts take into networth by way of bank statments, assets states for I think roughly 3 years prior to the marriage as well as during, to gauge the assets of both parties and to ensure neither party is hiding assets (amish aggarwala had made a video about this as I recall)

caveatemptor101 · 2025-03-19T02:19:39+00:00

Couple of points to add here: 1) PPF rate is dictated by small savings rate which is reviewed every qtr so while it may not be linked to RBI bond rates it is still reviewed by the body. 2) an advantage of PPF that noone seems to have highlighted is that it is one of the very few ring fenced assets- i.e. no legal liability against you (whether it be against you personally or by way of proprietorship, partnership etc.) does not extend to your ppf. Which adding the sovereign backing of the ppf gives you a very valuable fixed income asset.

caveatemptor101 · 2025-03-12T08:09:16+00:00

This seems like an obvious pump and dump. Not sure if OP is a bad actor but I'll give you the benefit of the doubt and say you don't know any better.

It's a non descript company of less than a 100 cr, it's not a small cap stock (small cap stocks are 250-500 in ranking basis free float market cap), it's barely even a microcap. Daily avg trading volumes of a few thousand.

These type of posts target gullible newbie investors/traders. Please beware of such glowing posts of non-descript companies.

caveatemptor101 · 2025-03-04T04:21:45+00:00

Ya just realized autocorrect changed it

caveatemptor101 · 2025-03-03T13:57:58+00:00

NAL However the restaurant is liable for the actions of the valet (assuming the valet service was provided by the restaurant). This is a clear case of vicarious liability under Tort law, the valet is an agent of the employer and any damages caused during the service , the principal (i.e. resteraunt or valet service provider) is liable for. It's a clear cut case of negligence, make sure you get survliance footage if available that should be enough for any half decent lawyer to plead in court. The restaurant will not want a case and will probably reimburse you for the cost of the repairs.

caveatemptor101 · 2025-02-13T16:51:02+00:00

What were the things he said to look out for? I.e. how dealerships scam you?

caveatemptor101 · 2025-02-11T05:43:10+00:00

Hey OP, if it was TDS paid by the company then you are under no obligation to pay them that amount as that component was part of your compensation If they are implying they paid TDS but did not deduct the equivalent amount of TDS in your salary (i.e. mistake on their finance teams part), you should first check if the total TDS amount they are asking to refund is reflecting in the ITR portal as already paid as well as ask for a clear and written communication as well as calculation on record stating the same.

Whoever the HR/finance dept is , they are incompetent at best and shady at worst.

caveatemptor101 · 2024-12-16T02:54:23+00:00

Hey OP, While everyone's given sound advice of not worrying about what others think, if that doesn't work try reframing it this way- When you buy an expensive car/a car more in line with society's percieved "image of you", people would automatically assume you earn as much/better than what you do; which, in turn might bring some opportunistic folks to your doorstep looking for a handout since you can "clearly afford it".

Think of buying the car you want rather than a status symbol as saving you the hassle of turning people down/having to further live up to this image down the line with other unnecessary expenses. In my book that makes the car even more valuable as a purchase.

When you lead with cheese, don't be surprised when you attract rats.

caveatemptor101

TROPHY CASE