Taxing Times
Tax planning is an integral part of our finance. The year 2020 has given us a bitter taste of life, driving both human and economic health in the doldrums. With so many changes happening in the tax structure due to job loss and pay cuts, it is but natural for a person to get perplexed with tax-saving investments. Thanks for the case studies. It helped us get a broader view and of how to be careful while filing returns.
Varun Gupta, Mumbai
Calculate To Evaluate
Through this article, I could recognise a few mistakes I may have made while planning for my tax returns. During this pandemic, we all are cash-strapped. For me, it was a piece of good advice to focus on more cash in hand. Such suggestions on tax slabs and deductions are really helpful, although the union budget will give a clearer picture of the situation.
Aroshi Bathija, Kanpur
One Size Doesn’t Fit All
It was an eye-opener to read in detail on standard term insurance plan. I am a first-time buyer. Despite consulting many people, I was unable to decide on how to approach a good term insurance plan. After reading the article, I am certain to opt for Saaral Jeevan Bima. Would like to get more information regarding this from Rakesh Goyal, Director, Probus Insurance, Insurtech Broking, if possible. Also, I highly appreciate the detailed specifications mentioned in the article like age, investment options, period, etc. It makes my work a lot easier.
Varsha Shaw, Delhi
In Cold Storage
This particular story was the need of the hour, as many are rushing to invest in logistics anticipating higher revenues or gains. Many are also busy tracking the sector’s performance. Do we really know which company stocks to buy into? We might have searched and consulted, but a sensitive investment like this requires a piece of in-depth knowledge about all the companies concerned - starting from their red marks to recent gains. Outlook Money did a great job on listing down the companies and also advising on the future outlook.
Manisha Banerjee, West Bengal
The Cryptic Crypto World
This article on cryptocurrency came to me as a shock and an eye-opener. I was unaware of their bizarre and cryptic nature. I liked the advice on how to muster patience and wait before going bullish on cryptocurrencies. However, what again came as a shock was the incomplete information given by a tax official saying, “The I-T department would necessarily scrutinise returns of such investors. It would be a case of guilty unless proven innocent as tax officials would be confident of crypto-trade being used to whitewash black money.”
Piya Malhotra, Bangalore
Down But Not Out
It is not an effortless journey to evaluate the financial position. I have come across several people, who didn’t invest their time in investment and hence are struggling. To secure ourselves from uncertainties and unpredictable financial sufferance, it is our responsibility to plan our investment at the right time. I thoroughly enjoyed reading the benefits, dangers, tax advantages, rewards, and risks of investing in Equity-Linked Saving Schemes (ELSS).
Pratik Varma, Noida
Don’t Back These Buys
This was an entirely new concept to me, and I would love to know more about it. The perceptions of the experts were like a cherry on the cake, as they guided us whether or not to participate in the buybacks. It was also fascinating to know the history of share buyback, how it all began and when it became a preferred option. I would like to thank Outlook Money for removing the dust from several investors’ eyes by mentioning the mistakes they commit while looking at the benefits of buybacks.
Rahul Dey, Howrah
Finding Freedom
It was such a heart-wrenching story. I am sure, it was not just her story, but many women might have felt a tug at their heartstrings after reading her tale. Rightly said by Hina Shah, it is the scenario not just in rural society, but also equally prevalent in various parts of the urban society. The only way to encourage many more Chobi Hembram is by educating them or rightfully making them aware. Women must inculcate the habit to ask ‘why’ and ‘how’ to savings, investments, and insurance. We have a long way to go, as many women still blindly rely on the male members of the family as far as their household finance is concerned. Secondly, victims of scams should come out like Chobi and learn to question their investment cycle so that they learn and don’t repeat the same mistake.
Maya Jana, Kolkata
Education Redefined
Unequivocally, we are going through a severe change in the education sector. The entire ecosystem is being painted with a new colour. Starting from the teaching style to placement cell, students are witnessing a shift. Is it going to help all those hard-working, brilliant brains in the end? - I have been questioning myself for quite a long time, as everything needs to be executed well. The article on redefining education came as good news to me. I was elated to know that students at the university level are going to get internships in government or non-government organisations, micro small and medium enterprises, or large corporate houses, along with live projects with a client – all these as a mandatory portion of the degree, with credits and scores.
Srishti Mustafa, New Delhi
Wealth In Wellness
It was interesting to read about the untold stories of Pooja Bedi. It was a wow moment when I came to know that her original ambition was to be on Wall Street, amidst the movers and shakers of the financial world. Learning about her wish to start her own company - ‘Happy Soul’, about her inspirations and how she had invested in various fields in the correct, made me believe in wellness wonderland. How she has managed her money, gave a great insight.
Deep Ganguly, Chennai