Financial Gym

 The Indian stock market has achieved a historic feat by crossing the 20,000 mark for the first time ever. The Nifty 50 index, which represents the top 50 companies listed on the National Stock Exchange, touched an all-time high of 20,005.40 on September 11, 2023. This milestone reflects the strong performance of the Indian economy, the resilience of the corporate sector, and the optimism of the investors. But what does this landmark achievement mean for the investors? Is it a sign of a bull market or a bubble? Should they buy, sell, or hold their stocks? How should they plan their investment strategy in the light of this event? Here are some insights and tips to help you make informed decisions.   Table of Contents: Why did Nifty reach 20,000? What are the implications of Nifty crossing 20,000? How should investors plan their strategy in light of Nifty crossing 20,000? Conclusion Why did Ni...

 Let’s take a trip down the memory lane to the days when a new kind of digital currency stormed the internet, turning rags to riches and then consequently riches to rags. Why did this catch the eyes of so many people? What made this different from other types of investments or currencies? A lot of people just jumped in the train without knowing answers to these questions, much like how they do in stock markets. The wise jumped off the train just as swiftly when they were ahead. So, let’s see what the fuss is all about and how it is used and taxed in India? The Technicalities How to obtain/buy cryptocurrencies? Is cryptocurrency a currency or a tradable instrument? Taxation in India Why is cryptocurrency so much frowned upon? Should you buy it? The Technicalities Cryptocurrency is a digital currency secured by cryptography and are decentralized networks based on blockchain t...

  Let me start by saying that whenever I say “Investment”, I mean long-term or at least mid-to-long-term investments. Not in this post, and not in any future posts will I talk about making money quickly. Because there is no such thing as quick money making. There is only quick money-losing. So, if you are looking for that head over to Instagram or YouTube where a lot of people talk about how they made Rs. 10 lakhs from just Rs. 10 thousand. And I also won’t talk about investing in Cryptocurrency. Okay, let’s start. In my other post, I talked about investments for which Income Tax deduction is available. An investment is something you make in order to get some returns on your money. For most of us, it is more than savings, but less than our primary income. It goes without saying that with higher risk you will get higher returns. I remember the days when Savings accounts used to fetch 5% interest. Now, FDs are in that segment. Would we see days where ...

  In my last post, I talked about investments that you can make in order to avail deduction from your income. These investments can be made by all individuals regardless of their nature of income. The deductions are covered under Chapter VI of the Income Tax Act. Among those, we will be specifically talking about section 80C and its subsections. Table of Contents When should I invest? Investment proof for IT Return List of eligible investments Limit on deduction availability Conclusion When should I invest? Let me first explain the concept of Financial Year and Assessment Year. In Income Tax, you come across the term “Assessment Year” more than “Financial Year”. A Financial Year (or Previous Year) that starts in April and ends in March, is the one in which you have actually earned money or incurred expenses. The current financial year is 2022-23. An Assessment Year is the one i...