All stories by HARSH ROONGTA
Make Tax Officials Accountable!
Rediff.com23 Aug 2024'Tax officials view most taxpayers as evaders.' 'The I-T department has a perverse incentive to raise unreasonable demands since the one-fifth tax collected counts towards officials' collection targets,' observes Harsh Roongta.
Indexation: How Nirmalaji Can Fix It
Rediff.com5 Aug 2024The best solution would be the one followed in 2018 -- allow cost indexation until March 31, 2024 -- but exit at any time. The second-best alternative would be to allow time until March 31, 2025 for investors to exit their investments under the old indexation regime, points out Harsh Roongta.
Old Tax Regime May Soon Be History
Rediff.com24 Jul 2024There are a number of steps taken that will leave more money in the hands of the taxpayers.
These include the reduction in tax rates under the new tax regime, increase in standard deduction, allowing tax collected at source to be adjusted against tax deducted at source from salaries, notes Harsh Roongta.
Got Excess Funds in Bank Accounts?
Rediff.com10 Jul 2024Keeping surplus money in a bank account has become perilous, alerts Harsh Roongta.
Weaning Investors Off F&O Is Tough
Rediff.com19 Oct 2023SEBI has published data showing that more than 90 per cent of investors lose money in futures and options, explains Harsh Roongta.
Why Check and Balances Is Important In Finances
Rediff.com28 Sep 2023While managing their finances, individuals can make it a rule to seek advice from an expert or feedback from a trusted colleague or friend.
Finfluencers: Real Or Fake Experts?
Rediff.com27 Jul 2023A mass fan following or a large number of views on a YouTube channel can't possibly constitute 'credentials'.
Do You Know About Debt Fund Growth?
Rediff.com9 May 2023A growth scheme not only leads to lower tax payments than the dividend option. but also allows any income that is not withdrawn to compound, explains Harsh Roongta.
Unclaimed Shares, Dividends? Read This!
Rediff.com23 Mar 2023I stumbled upon shares worth around Rs 300,000 in my late father's name, which are currently with the Investor Education & Protection Fund, points out Harsh Roongta.
The Fear Of Rejection
Rediff.com17 Feb 2023The fear of rejection keeps many of us from experiencing the rich lives we deserve, notes Harsh Roongta.
Start Financial Planning YOUNG!
Rediff.com3 Jan 2023A disciplined, systematic investment habit started at a young age is normally sufficient to meet modest goals without having to sacrifice a normal comfortable lifestyle, suggests Harsh Roongta.
Govt Must Improve Ease Of Living
Rediff.com15 Feb 2022Having a single point KYC that is automatically used across all financial and non-financial entities is a single piece of reform that should be an easy win to achieve, points out Harsh Roongta.
Time To Overhaul Nomination Provisions
Rediff.com6 Dec 2021While reasonable safeguards should be built in, there can't be restrictions on the individual's right to leave her/his money to whoever s/he wants, notes Harsh Roongta.
Why I don't advise clients on cryptos
Rediff.com17 Nov 2021Risk is difficult to evaluate, warns Harsh Roongta.
Why Is Modi Chipping Away At EPFO?
Rediff.com4 Oct 2021Will the EPFO be required to deduct tax at source or will the employee have to calculate the tax and pay it separately?
If you have elderly parents, please read this
Rediff.com2 Jul 2021The life insurance kind of 'statutory nomination', which confers final ownership on the nominee, is the need of the hour for all assets, suggests Harsh Roongta.
Why Every Family Must Have This Discussion
Rediff.com17 Jun 2021A discussion on death or serious illness seems to be taboo in Indian families. Not having this discussion borders on being irresponsible towards your loved ones, asserts Harsh Roongta.
How to Invest during Covid 2.0
Rediff.com26 Apr 2021Manage investments between debt, domestic equity, international equity, real estate and gold, advises Harsh Roongta.
Gold monetisation scheme: What you must know
Rediff.com11 Feb 2021Banks and friendly neighbourhood jewellers can serve as good channels to provide liquidity for gold deposits with built-in incentives for them, suggests Harsh Roongta.
How to tackle job loss and ruined finances
Rediff.com9 Nov 2020Whatever you do, continue to pay your loan EMIs and insurance premiums for term and health policies (not investment-based policies) on time. Then try to buy yourself some breathing space, says Harsh Roongta.