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| Year Number | Total Investment Per Year (₹) | Cumulative Compounded Balance (₹) |
|---|
This calculator helps you determine the monthly investment needed to achieve a desired future lump sum value, considering compound interest. Compound interest is the interest earned on both the initial principal amount and the accumulated interest from previous.
PAN or Permanent Account Number is a 10-digit alphanumeric code issued by the Income Tax Department to every taxpayer or potential taxpayer in India. It is a unique identifier that helps the department track the income and tax status of individuals and entities. It is also a mandatory document for various financial transactions such as opening bank accounts, applying for loans, buying or selling property, etc.
To apply and get a PAN number in Bengaluru, you need to follow these steps:
Any resident or non-resident individual or entity that is liable to pay tax in India or is involved in any financial transaction in India is eligible to apply for a PAN number. There is no age limit for applying for a PAN number. However, minors need to provide their parents’ or guardians’ details and signatures in their application form.
If you want to update or correct any information in your existing PAN card such as name, address, date of birth, mobile number, email ID, etc., you need to follow these steps:
Alternatively, you can also update some of your details such as mobile number and email ID online by visiting https://www.incometaxindiaefiling.gov.in/home . However, for this, you need to have a registered mobile number and email ID with PAN and an OTP verification. You also need to upload a scanned copy of your proof of change or correction online for verification
The Psychology of Money is a bestselling book by American finance expert Morgan Housel. It examines people's financial decisions through the lenses of history and psychology. It argues that financial success does not require a formal education or a high income, but rather a "soft skill" that anyone can learn: the psychology of money.
The book consists of 19 chapters, each exploring a different aspect of how people think and behave with money. Some of the main themes and lessons are:
- No one's crazy. People have different backgrounds and experiences that shape their perception of money, risk, and financial management. What makes sense to one person might seem irrational to another. We should be humble and empathetic when dealing with others' financial choices.
- Luck and risk. Financial outcomes are influenced by both skill and chance, but we often confuse the two or attribute them incorrectly. We should be aware of the role of luck and risk in our own and others' success or failure, and avoid being overconfident or judgmental.
- Never enough. Money has diminishing returns on happiness beyond a certain point. Many people fall into the trap of chasing more money, status, or recognition, without realizing that they are never satisfied. We should define what enough means for us and avoid comparing ourselves to others.
- Confounding compounding. The power of compounding is one of the most important concepts in finance, but it is also hard to grasp intuitively. Small differences in growth rates can lead to huge differences in outcomes over time. We should take advantage of compounding by investing early, consistently, and patiently.
- Getting wealthy vs. staying wealthy. There is a difference between making money and keeping it. Some people achieve wealth by taking big risks or being lucky, but they may lose it all if they don't change their behavior or mindset. We should focus on preserving our wealth by being frugal, diversified, and cautious.
- Tails, you win. The distribution of financial returns is often skewed by extreme events or outliers that have a disproportionate impact. We should not ignore or dismiss these rare but influential occurrences, but rather embrace them and prepare for them.
- Freedom. The ultimate goal of money is not to buy more things, but to have more control over our time and choices. We should use money as a tool to achieve freedom, not as an end in itself.
- Wealth is what you don't see. The most visible signs of wealth are often misleading or deceptive. People who spend lavishly on cars, houses, or clothes may be in debt or have little savings. People who live modestly may be secretly wealthy or have a high net worth. We should not judge people's wealth by their appearance, nor seek validation from others by showing off our wealth.
- Save money. Saving money is the most important habit for building wealth. It gives us more options, more flexibility, and more peace of mind. It also reduces our dependence on income, which can be volatile or uncertain. We should save as much as we can, as early as we can, and as often as we can.
- Reasonable > rational. Being rational means making decisions based on logic and evidence, without emotions or biases. Being reasonable means making decisions that work for us, given our goals, preferences, and circumstances. Sometimes, being rational is not the same as being reasonable, and we should choose the latter over the former.
- Surprise! The future is unpredictable and full of surprises, both good and bad. We should not rely on forecasts or predictions that are based on past trends or patterns, but rather expect the unexpected and be adaptable and flexible.
- Room for error. Because the future is uncertain and surprises are inevitable, we should always have a margin of safety in our financial plans. We should not assume that things will go according to plan or that we will always be right. We should prepare for the worst-case scenario and have enough cushion to survive it.
- You'll change. Our preferences, goals, and values change over time as we grow older and experience new things. We should not assume that what we want or need today will be the same tomorrow or in the future. We should update our financial plans accordingly and be open to change.
- Nothing's free. Everything has a cost, either explicit or hidden. There is no such thing as a free lunch or a risk-free return. We should always weigh the benefits and costs of any financial decision, and be aware of the trade-offs and opportunity costs involved.
- You & me. We are influenced by the people around us, whether we realize it or not. We tend to imitate, compare, or compete with others, especially those who are similar to us or who we admire. We should be careful about who we surround ourselves with and how they affect our financial behavior and happiness.
- The seduction of pessimism. Pessimism sounds smarter and more realistic than optimism, but it is often wrong and harmful. Pessimism can make us miss out on opportunities, give up too easily, or lose hope. Optimism can make us more resilient, creative, and successful. We should be optimistic but not naive, and pessimistic but not cynical.
- When you'll believe anything. We are prone to confirmation bias, which means we seek out and believe information that confirms our existing beliefs, and ignore or reject information that contradicts them. We are also influenced by stories and narratives that appeal to our emotions, even if they are not true or accurate. We should be skeptical and critical of the information we consume, and seek out different perspectives and evidence.
The Psychology of Money is a book that offers timeless lessons on wealth, greed, and happiness. It challenges us to rethink our assumptions and beliefs about money, and to develop a better understanding of ourselves and others. It is a book that anyone who wants to improve their financial well-being and happiness should read. Buy this book today using the below link
Rich Dad Poor Dad is a best-selling book by Robert Kiyosaki that has sold nearly 40+ million copies worldwide. It is a personal finance book that teaches you how to think like the rich and achieve financial freedom. In this article, we will explore some of the reasons why you should read this book and what you can learn from it.
Reasons to Read Rich Dad Poor Dad
- It challenges your mindset about money and wealth. The book contrasts the different beliefs and behaviors of two fathers: the poor dad, who is Kiyosaki's biological father and a well-educated employee, and the rich dad, who is Kiyosaki's friend's father and a successful entrepreneur. The book shows how the rich dad's mindset helped him build wealth and create opportunities, while the poor dad's mindset kept him in the rat race and limited his potential.
- It teaches you the basics of financial literacy. The book explains the difference between assets and liabilities, income and expenses, and cash flow and capital gains. It also shows you how to use financial statements to measure your financial health and track your progress. The book emphasizes the importance of financial literacy as a skill that can help you make better decisions and take control of your money.
- It inspires you to take action and pursue your dreams. The book shares many stories and examples of how Kiyosaki and his rich dad overcame challenges, learned from failures, and seized opportunities. The book encourages you to follow your passion, develop your skills, and create value for others. The book also provides practical tips and steps on how to start your own business, invest in real estate, and leverage other people's money and time.
Lessons from Rich Dad Poor Dad
Some of the key lessons that you can learn from Rich Dad Poor Dad are:
- The rich don't work for money; they make money work for them. The book explains that the rich understand how money works and how to use it as a tool to generate more income. The book advises you to invest in assets that produce passive income, such as businesses, real estate, stocks, bonds, royalties, etc. The book also warns you to avoid liabilities that consume your income, such as consumer debt, car loans, mortgages, etc.
- You need to mind your own business. The book defines your business as your assets, not your job or your profession. The book urges you to focus on building your own business instead of working for someone else's business. The book also suggests that you should diversify your income streams and not rely on a single source of income.
- You need to work to learn, not to work for money. The book emphasizes the importance of lifelong learning and self-education. The book recommends that you seek mentors, read books, attend seminars, take courses, and learn from other successful people. The book also advises you to learn various skills that can help you succeed in business and investing, such as accounting, marketing, sales, negotiation, leadership, etc.
Purchase this excellent book on personal finance on this link , enhance your financial thinking
Loan EMI Calculator
| Month | Principal | Interest | Total Payment | Balance |
|---|
Home loan EMI or equated monthly installment is the amount that you pay every month to your lender to repay your home loan. It consists of two components: the principal amount and the interest amount. Knowing your home loan EMI can help you plan your finances better and avoid defaulting on your loan.
In this article, we will explain how to calculate home loan EMI using a simple formula and an online calculator. We will also show you an example of how to use an EMI table to compare different loan options.
The basic formula for calculating home loan EMI is:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
where,
Using this formula, you can easily calculate the monthly installment of your home loan. However, manual calculations can be prone to errors and time-consuming. Therefore, it is advisable to use an online EMI calculator that can do the calculations for you in seconds.
An online home loan EMI calculator is a handy tool that can help you calculate your home loan EMI with ease. All you need to do is enter the loan amount, interest rate, and tenure of your home loan and click on calculate. The calculator will display your EMI amount along with other details such as total interest payable, total amount payable, and amortization schedule.
An amortization schedule is a table that shows how your loan balance reduces over time with each EMI payment. It also shows how much of each EMI goes towards principal repayment and interest payment. You can use this table to track your loan progress and plan your prepayments.
You can also use an online EMI calculator to compare different home loan options based on their interest rates, tenures, and EMIs. This can help you choose the best home loan that suits your budget and needs.
Let us take an example of how to calculate home loan EMI using the formula and the calculator.
Suppose you want to buy a house worth Rs. 50 lakhs and you have a down payment of Rs. 10 lakhs. You need to borrow Rs. 40 lakhs as a home loan from a bank that offers you an interest rate of 8% per annum for a tenure of 20 years.
Using the formula,
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
EMI = [40,00,000 x 0.00667 x (1+0.00667)^240] / [(1+0.00667)^240-1]
EMI = Rs. 33,715
As you can see, the calculator shows the same EMI amount as the formula along with other details such as total interest payable (Rs. 40,91,622), total amount payable (Rs. 80,91,622), and amortization schedule.
The amortization schedule shows how your loan balance reduces over time with each EMI payment. For example,
| Month | Opening Balance | Principal | Interest | Total Payment | Closing Balance |
|---|---|---|---|---|---|
| 1 | 40,00,000 | 6,715 | 27,000 | 33,715 | 39,93,285 |
| 2 | 39,93,285 | 6,759 | 26,956 | 33,715 | 39,86,526 |
| … | … | … | … | … | … |
| 240 | 33,715 | 33,715 | 0 | 33,715 | 0 |
You can use this table to see how much of each EMI goes towards principal repayment and interest payment. You can also use this table to plan your prepayments and save on interest
Life Insurance policies usually are long term investments which provide greater value on life insurance coverage value and moderate returns on the investment . Even some of the investment and money back related policies range over a maturity period of 10 to 30 years which is a long term relationship.
Following any uncertainties in insurer's life , there may be a need to terminate the policy in between before the maturity date . Depending on the policy terms and conditions , the return value in such cases may be less than the actual benefit of maturity date.
Below is a procedure followed to surrender a LIC India policy before the maturity date . This takes less than 1 hour if all required details are prepared before hand. It usually requires the insurer to visit the branch office from where the policy was purchased and submit the request in person.
Clearing a property bank loan is one of a milestone is one's life and a satisfying moment . After settling all the loan specific principal and interest amounts , the next major activity is to get a No objection letter and Discharge deed from Bank , collect the original documents and transfer the property back to the purchaser from Bank and register it at sub-registrar office. One such procedure is explained here which is followed in Bengaluru Sub-Registrar offices.
Step 1 : At the Bank , Collect No Objection letter and Discharge deed from Bank , Property documents
Step 2 : Collect info if Bank representative will visit the Sub-Registrar
Step 3 : Keep the document set ready before visiting Sub-Registrar office
Step 4 : At the sub-registrar office
As on date , charges for a discharge deed registration in Bengaluru costs
If executors are comfortable with above procedure they may attempt it themselves else hire a broker to get the job done.
For any company employees are the greatest assets. It goes by the saying Employees don't leave the company but leave their managers or leaders . In this post , the author shares some of the 8 top reasons why employees resign where leadership and management plays an important role.
1. Change Management decisions
One of the most important factors especially when there is a change in high level management. Company leaders and managers should be very careful during the transition phase as there will be lot of ambiguity on the job security , support for their interests and ideas from the new management . There are examples of few companies who lost more than 50% of their staff and even on the verge of getting closed for sensitive decisions . New management have to spend time understanding the team dynamics for a brief period before attempting any drastic changes in the processes . Exhibiting trust in the existing team is most critical.
2. Better offers
Industry pay-scale standards keep changing periodically. In the current competitive market , companies stay on the hunt with competition offering attractive offers. Be it through friends working in other companies or scanning on the job portals , employees tend to find their value . During appraisals company leaders have to consider this aspect. If employees get a feel they are underpaid , they may start looking for alternatives.
3. Repetitive activities
Employees who are proactive and intuitive look towards learning and involved in activities which are unique in nature. They tend to get bored easily if working on the same domain or topic for long time which has same job nature. Such employees share such subtle feedback which their managers have to understand faster and involve them in new activities. If they fail to notice such feedback , after 2 to 3 such instances employees get triggered for alternatives.
4. Cascading effect
This comes out of sheer insecure fear factor. Employees get to feel insecure about their future when one of their immediate or top manager / leaders of the team resign from the company. They have a ambiguous mindset whether they will be adopt to the new changes and requirements of the new management. This is quite catastrophic in small size companies where many members under a leader start searching for alternatives and may affect the business. In few cases it may also be a group of close employees with emotional attachment. Leaders can tackle such situations through faster transparent communication inducing confidence in the group
Do you agree with these reasons . Do share your comments.
For a second , imagine how many such people like Mahesh may have been lured due to greed for quick profits on investment and how the fraud operator loots their hard earned money . Many victims like Mahesh caught in this trending work from home fraud have lost from thousands to even lakhs without realization .
It is advised when involving in such business one has to thoroughly scan the nature of activities , read reviews on internet for authenticity before jumping in greed for quick money making.
Shared in public interest by our community member.
Looking for a medical treatment and hospitalization in a top rated multi specialty hospital in Bengaluru ? Below is the list of approximate admission charges for various bed types in 2021 which may be handy for your planning.
Factors which decide the bed rent are number of patients in the same room , type of bed side services , monitoring and attendant care facilities. Below is a rate card from one of popular multiplicity hospital , rates of similar hospitals may vary around similar figures.
Day care - Rs. 1790
NICU - Rs.12,270
Labor ward - Rs. 8250
CCU - Rs. 12,102
MICU - Rs. 12,102
Nursery Cot - Rs. 3600
5 bedded room - Rs. 4300
Twin Sharing - Rs. 7450
Isolation room - Rs. 12,250
Single room - Rs. 12,250
Ultra deluxe room - Rs. 19,950
One can get similar information from admission department in hospitals . It is always better to inquire earlier unless an emergency and plan hospitalization.
Stock
Market is an exciting platform to grow hard earned money through
trading and investing in stocks. History and survey reports say - less
than 10% make good profits on their investments while rest fail to do so
, a surprising figure.
We
explore from our trading community experience what is it that results
in loss , pressure , mental tension and how they did learn from those
losses and overcome them to create profit strategies. While we keep
hearing news how the market turn the fortunes from some turning them
richer , also wiping out for some. In this article we share all such
experiences and tips shared by our community.
1. Risk Management with Stop Loss
The beauty of stock markets is one make profits when it moves in either direction . When the sentiments are high good profits are made with buy decisions , when its low , profits booked by selling. With lot of tools and information around , company events , technical analysis charts , advise and opinions one makes a buy / sell decision.
Risk Management involves in answering below questions
Before
placing the the trade order , trader has to work on above questions and
quantify the decision . For example , if trader has a medium risk
appetite and can afford to risk 5% of the investment , if capital
investment on a buy trade is $1000 , then a stop loss order should also
be executed triggering at $950 which is 5% loss on investment. Trader
can cover this loss in next trade using the remaining $950 investment
when the market is in good sentiment . In absence of stop loss , if
market makes a adverse move resulting in say 10 to 15% loss of a trade ,
then to cover this loss - the time , energy spend may be more. Such
repeated trades may ruin the capital investment and one may even quit
the stock market thinking its not for them. Wise trader always
understand loss and gains are common in a stock market , they know they
have good chance to win 70% of their trades and always trades with a
stop loss. This is the number one and most important must practice for a
trader to grow capital and improve profits. In April 2020 during
COVID19 pandemic , Crude oil hit a steep negative closing value of -$37
from a opening price of $20 , imagine what may have happened for a
future trade bought without stop loss. Traders who took such trades may
have long stories.
2. Entry and Exit Discipline
Trader
must decide on the discipline strategy for the day. For example -
Trader A decides to take 2 trades of stock S1 with a profit target of 2%
for the day . Once the target price is hit , irrespective of market
further movements close the trade for the day. Market movements may be
luring to trade again , but if done without proper price action analysis
in greed may result in a reverse trend resulting in pressure and
tension to the trader. Fixed trade irrespective of the market conditions
once a price target is hit helps in reducing trading stress in the long
term , consistent profits and capital growth.
3. Do not Time the Market
Market may either be in an uptrend or downtrend or at resisting any further upward movement or finding Support at downward levels. Most successful traders respect the trend before entering into a trade . Sometimes market make good moves when news is supporting , It may not be wise to expect that market will fall in next few minutes without a solid price analysis and trade the reverse direction. For example in the recent COVID pandemic , NIFTY 50 touched record levels when each sector started improving in subsequent months and induction of new retail traders , expecting that it will fall blindly may result in wrong decisions. This may build pressure waiting for market to touch a figure while its moving away every moment .Respect the trend
4. Stay Away when Unsure about Direction
Securing your capital and profits is very important when trading in volatile markets. There may be situations such as emergency declaration , monetary policy changes etc where traders may be unsure which direction market may move and in ambiguity. A wrong decision in such situations may deplete the capital in no time. In such ambiguous moments , it is wise to protect your profits and capital , stay out of market till volatility settles down and enter the market when there is stability in price
5. Diversify Investments in multiple stock sectors
Unless a trader is good in tracking the industry trend very closely , it is wise to diversify the investments into multiple sectors. For example rather than investing 100% of the capital into Banking , a diversified portfolio with 60% in Banking , 20% in Auto and 20% in IT may help as probability of all sectors moving down is less compared to individual sectors. Rather than Investing all capital in one company , its wise to invest in similar companies of Industry to mitigate risks.
6. Beware of big market players game
Surprising
movements in the stock prices even when there is no major corporate
update or event indicate the presence of big market players . Action of
such players may appear to a retail trader that there is a trend change
and prompt to trade. Once the big players sufficiently reach their
profit target they exit the their positions which causes a sharp reverse
trend and the retail traders may be trapped . Experienced traders track
this price action movement , think twice before taking a trade which
has seen sharp movements in very small amount of time.
7. Be Future Ready with a checklist of decision points
Nobody will be able to decide the future of the market direction. It takes its own twists and turns based on the traders sentiments. However when it comes to factor of time , some points help in guessing this movement by answering these questions on future events before taking a long trade
By taking a trade after answering these questions , trader will not regret for their decisions as its not a naked trade but a wisely thought decision.
8. Study the fundamentals
This is specifically for beginners. Many beginners who are influenced by their trading friends enter the market , take some tips on where to invest and draw out profits when it hits the target price. Such trades which are done without any proper analysis and understanding of the market conditions are called Naked trades. While such trades may return profits , when hit with a loss - it may be difficult for the trader to understand the reason as they are unaware of the basics of markets. It is at this stage when they pour more money , thinking market trends will change but end up losing it , increased tensions and decisions to quit stock markets . Such loses can be avoided by understanding some fundamental concepts of trading . For example -
Studying once such topics will help a trader to form a solid and wise decision . It will maximum take a week time to understand these concepts . There are lot of informative video content on Youtube.
9. Exercise with Paper Trade or Virtual trade
This is another tip for beginners , to use paper trade or virtual trade as part of their decision building exercise. Rather than directly investing the hard earned money to play , using virtual trading platforms help to exercise the decisions taken and gain confidence . After all traders are not going to lose any money with virtual or paper trades. At the end of each trade , introspect what went right and wrong and improve each day before entering live market.
Lastly out of Wisdom
Few important tips and advise from market experts from their experience and wisdom worth following -
We believe above tips shared may be useful in your trading to reduce loses and pressure. Do share your comments and suggestions in the comments section. If you find this useful help your community by sharing this article.
ಒಂದೂರಿನಲ್ಲಿ ತುಂಬಾ ಮಂಗಗಳಿದ್ದವು....
ಒಂದು ದಿನ ಆ ಊರಿಗೆ ಒಬ್ಬ ವ್ಯಾಪಾರಿಯು ಬಂದ.
ಮಂಗಗಳನ್ನು ಹಿಡಿದುಕೊಟ್ಟರೆ, ಒಂದು ಮಂಗನಿಗೆ ನೂರು ರುಪಾಯಿಯ ಹಾಗೆ ಕೊಡುವುದಾಗಿ ಅಲ್ಲಿನ ನಿವಾಸಿಗಳತ್ರ ಪ್ರಚಾರ ಮಾಡಿದ...
ಆ ಗ್ರಾಮವಾಸಿಗಳು ಮನಸಲ್ಲೇ ಅಂದುಕೊಂಡರು ಮಂಗನಿಗೆ ನೂರು ರುಪಾಯಿಗಳನ್ನು ಕೊಟ್ಟು ಖರೀದಿಸುವ ಈತ ಹಚ್ಚನೇ ಇರಬೇಕು..... ಆದರೂ ಆ ಗ್ರಾಮವಾಸಿಗಳು ಮಂಗಗಳನ್ನು ಹಿಡಿದು ಆತನಿಗೆ ಕೊಟ್ಟು ನೂರು ರುಪಾಯಿಗಳ ಹಾಗೆ ಇಸ್ಕೊಂಡರು...
ಮಂಗಗಳ ಸಂಖ್ಯೆ ಕಡಿಮೆಯಾಗುತ್ತಲೇ ಆ ವ್ಯಾಪಾರಿಯು ಒಂದು ಮಂಗನಿಗೆ ಇನ್ನೂರು ರುಪಾಯಿಗಳ ಹಾಗೆ ಖರೀದಿಸುವುದಾಗಿ ಪ್ರಚಾರ ಮಾಡಿದ....
ಸೋಮಾರಿಗಳಾದ ಆ ಗ್ರಾಮವಾಸಿಗಳು ಮಂಗಗಳನ್ನು ಹಿಡಿಯಲು ಹರಸಾಹಸಪಡತೊಡಗಿದರು.
ಸಿಕ್ಕಿದ ಮಂಗಗಳನ್ನು ಇನ್ನೂರುರುಪಾಯಿಯ ಹಾಗೆ ಆ ವ್ಯಾಪಾರಿಗೆ ಮಾರಿದರು...
ಪುನಃ ಆ ವ್ಯಾಪಾರಿಯು ಮಂಗಗಳ ಬೆಲೆ ಹೆಚ್ಚು ಮಾಡಿ ಪ್ರಚಾರ ಮಾಡಿದ... ಒಂದು ಮಂಗನಿಗೆ ಐನೂರು ರುಪಾಯಿ...!!
ಆ ಗ್ರಾಮವಾಸಿಗಳು ಊಟ ನಿದ್ದೆ ಬಿಟ್ಟು ಮಂಗನಿಗಾಗಿ ಹುಡುಕಾಡತೊಡಗಿದರು.... ಐದಾರು ಸಿಕ್ಕಿದವು ಅವನ್ನು ಐನೂರು ರುಪಾಯಿಗಳ ಹಾಗೆ ಆ ವ್ಯಾಪಾರಿಗೆ ಮಾರಿದರು... ಉಳಿದ ಮಂಗಗಳು ಕಾಣೆಯಾದವು....
ಅಷ್ಟರಲ್ಲಿ ಆ ವ್ಯಪಾರಿಯು ಆ ಗ್ರಾಮವಾಸಿಗಳತ್ರ ಹೇಳುತ್ತಾನೆ- " ತಾನು ತನ್ನ ಊರಿಗೆ ಹೋಗುತ್ತಿದ್ದು, ಊರಿಂದ ಮರಳಿ ಬರುವಾಗ ಒಂದೊಂದು ಮಂಗಗಳಿಗೆ ಒಂದೊಂದು ಸಾವಿರ ರುಪಾಯಿಗಳ ಹಾಗೇ ಖರೀದಿಸುವೆನು.... ತಾನು ಈವರೆಗೆ ನಿಮ್ಮಿಂದ ಖರೀದಿಸಿದ್ದ ಮಂಗಗಳನ್ನು ಇಲ್ಲೇ ನನ್ನ ಸೇವಕ ನೋಡಿಕೊಳ್ಳುವನು.." ಅಂತ ಅವುಗಳನ್ನು ಒಂದು ಗೂಡೊಳಗೆ ಕೂಡಿ ಹಾಕಿ ಸೇವಕನೊಬ್ಬನನ್ನು ನೋಡಿಕೊಳ್ಳಲು ನೇಮಿಸಿ , ಆ ವ್ಯಾಪಾರಿಯು ಹೊರಟು ಹೋದ...
ವ್ಯಾಪಾರಿ ಮರಳಿ ಬರುವಾಗ ಸಾವಿರ ರುಪಾಯಿಗಳಿಗೆ ಮಾರಲು ಮಂಗಗಳಿಲ್ಲವಲ್ಲಾ ಅಂತ ಆ ಗ್ರಾಮವಾಸಿಗಳು ದುಃಖಿತರಾದರು...
ಆಗ ಆ ವ್ಯಾಪಾರಿಯ ಸೇವಕನು ಆ ಗ್ರಾಮವಾಸಿಗಳತ್ರ ಹೇಳುತ್ತಾನೆ - " ಒಂದು ಮಂಗನಿಗೆ ಏಳುನೂರು ರುಪಾಯಿಗಳ ಹಾಗೆ ಕೊಟ್ಟರೆ ಗೂಡಲ್ಲಿರುವ ಮಂಗಗಳನ್ನು ಕೊಡುವೆ".
ನನ್ನ ಯಜಮಾನ ಮರಳಿ ಬರುವಾಗ ಒಂದು ಸಾವಿರಕ್ಕೆ ಮಾರಬಹುದಲ್ಲವೇ...?ಮುನ್ನೂರು ರುಪಾಯಿಗಳ ಲಾಭ ಪಡೆಯಬಹುದಲ್ಲವೇ....?
ಆತನ ಮಾತುಗಳನ್ನು ಕೇಳಿದ ಗ್ರಾಮವಾಸಿಗಳು ನಾಮುಂದು , ತಾ ಮುಂದು ಅಂತ ಸಾಲಸೂಲ ಮಾಡಿ ಮಂಗಗಳನ್ನು ಏಳು ನೂರು ರುಪಾಯಿಯಲ್ಲಿ ಖರೀದಿಸಿದರು
ಆ ಸೇವಕ ಗೂಡಲ್ಲಿ ಇದ್ದ ಮಂಗಗಳನ್ನೆಲ್ಲಾ ಏಳುನೂರು ರುಪಾಯಿಗಳ ಹಾಗೆ ಮಾರಿದ...
ದುಡ್ಡು ಇದ್ದವರು ಹೆಚ್ಚು ಹೆಚ್ಚು ಮಂಗಗಳನ್ನು ಖರೀದಿಸಿದರು... ದುಡ್ಡಿಲ್ಲದವರು ಒಂದೆರಡನ್ನಷ್ಟೇ ಖರೀದಿಸಿದರು...
ಖರೀದಿಸಿದ ಮಂಗಗಳನ್ನು ತಮ್ಮ ತಮ್ಮ ಮನೆಯಲ್ಲಿ ಕಟ್ಟಿ ಹಾಕಿ ಆ ವ್ಯಾಪಾರಿಯ ಬರುವಿಕೆಗಾಗಿ ಕಾದುಕುಳಿತರು ಆ ಗ್ರಾಮವಾಸಿಗಳು...
ದಿನಗಳನೇಕ ಕಳೆದರೂ ಆ ವ್ಯಾಪಾರಿ ಬರಲೇ ಇಲ್ಲ...
ಕೆಲವು ದಿನಗಳ ನಂತರ ಆ ಗ್ರಾಮವಾಸಿಗಳು ಆ ಸೇವಕನ ಹತ್ತಿರ ಹೋದರು...
ಆದರೆ ಆ ಸೇವಕನೂ ಅಲ್ಲಿ ಇರಲಿಲ್ಲ..
ಆಗಲೇ ಅವರಿಗೆ ಗೊತ್ತಾದದ್ದು... "ಬೆಲೆಯೇ ಇಲ್ಲದ ಈ ಮಂಗಗಳಿಗೆ ಏಳುನೂರು ರುಪಾಯಿಗಳನ್ನು ಕೊಟ್ಟು ಖರೀದಿಸಿ ಮೋಸ ಹೋದ ವಿಷಯ"
"ಈ ವ್ಯಾಪಾರವೇ ನಾವು ಇಂದು share market
stock market
network market
ಅಂತ ಎಲ್ಲಾ ಕರೆಯೋದು...!!!!
ಹಲವರ ಜೀವನವನ್ನು ನಾಶ ಮಾಡಿದ್ದು ಮತ್ತು ಹಲವರನ್ನು ಕೋಟ್ಯಾದಿಪತಿಗಳನ್ನಾಗಿ ಮಾಡಿದ್ದು ಇದೇ ಮಂಗನಾಟವಾಗಿದೆ....!! - ಸಂಗ್ರಹ ಲೇಖನ , ನಮ್ಮ ಓದುಗರು ನೀಡಿದ ಲೇಖನ
In an event of income tax returns filing delay or not filed before December of assessment year , there is a provision to apply a penalty which may range up-to Rs.10000 .
For example - for financial year 2019-2020 , income tax returns filing start from April 2020 . There is no penalty / late filing fees till December 2019 .However for payments made during and after December month attracts fees as per income tax returns rules
When filing returns this is indicated under the heading Fee us 234F in Income Tax Return (ITR) form. There are two ways to self pay this tax and file it in returns.
For instance in our example , we take State Bank of India where when a payment is done via e-pay link of income tax portal , a challan is generated as a form of receipt which can be viewed under e-tax - View or Reprint challan acknowledgment
Important fields to note in this challan are
Once noted, in the income tax portal ITR form select the section
Details of Advance Tax and Self Assessment Tax Payments
Under this heading make a new entry of above tax payed by entering the BSR code , Tender date and challan number. In the final summary page confirm this value entered is displayed before submitting the form.
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