Join Neel as the new tax regime threw up many surprises for him on a usual day
The shopping bags were getting heavier. Yet Neel had no reason to complain. He was in fact beaming. Shopping was never this fun or rather satisfying. Neel picked up anything and everything he could lay his hands on. Books, clothes, footwear, household necessities, grains, pulses, cereals, beauty and health care products and the list refused to end. All he knew — it was raining “The GST sale”.
He remembered trying to grab the last piece of scented designer after-shave, when he was suddenly jolted out of his slumber and found himself on the floor of his room. “Darn it had to be dream!!” he mumbled before he began getting ready for the day ahead.
He only hoped that at least a fragment of his short-lived dream would come true and that the much hyped and most-awaited GST would help him heave a sigh of relief by bringing down prices of innumerable goods and services of daily consumption. Whether it really did remained to be seen.
Never did his morning walk seem so engrossing. He pondered over his recent decision to invest in a treadmill. However, it was amply clear that he had to rethink his choices over the next few days. He chucked the idea of a treadmill as gym equipment attracted a 28% GST. His thoughts swayed from one futile alternative to another till he finally stumbled upon the idea of riding a bicycle. He weighed the pros and cons and came to a seemingly impressible conclusion. “Bicycle it was!!” he patted himself in delight that bicycles have a tolerable GST rate of 12%. Two, it did help him to catch up with a different form of exercise. “This was surely some tax planning”, he prided himself.
As he then stepped in, the bathroom posed a mirage of questions. Toothpaste, shampoo, shower gel, deodorant, perfume, after-shave had all become dear. Going by the rates announced the night before, he was pretty sure that this could be his last bottle of shower gel for a long time to come.
هذه القصة مأخوذة من طبعة June 2017 من The Finapolis.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة June 2017 من The Finapolis.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
7 Ways to Prevent Text Neck
Our head is heavier at an angle than it is at a neutral position. That means our increasing usage of smartphones for reading, texting, etc is putting undue pressure on our spine
How To Take Your Networking To Next Level
Networking is one of the best ways to use your time
5 Fun Ways To Save Money
There are several simple ways to reduce spending and rack up more cash. Sukanta Kundu lists some interesting ones.
In Search of Higher Returns Amid Falling Rates
As Bank Deposit Rates Fall, Even Conservative Investors Are Switching Assets. Where Can They Go?
National Savings Certificates Help as Interest Rates Fall
National Savings Certificates (NSCs) have been among the most popular tax-saving options for ages. In spite of the advent of market-linked investment products such as equity-linked savings schemes (ELSS), the certificates have retained their charm for certain sections of society. In this column, let us discuss the various facets of this special instrument of investment.
What Drives Us to Invest?
I had made the journey from economics to finance. As part of Keynesian economics, we were taught about the three motives to hold money: the transactions motive, the precautionary motive and the speculative motive; all through my teaching career that remained part of my Keynesian economics. But two decades, later when I immersed myself into the world of investment, I had to develop my own tools to understand the new discipline and make my investors understand the working of their own minds. One night as lay turning on my back, poring over the day’s happenings, suddenly I made a strong connection between what I had studied years back and the problem I was grappling with now: the motives.
Ask The Finapolis
Col. Sanjeev Govila (retd) of Hum Fauji Investments answers readers’ queries on investments, taxation and personal finance. Do you have a question you want answered? Email your question to feedback@thefinapolis.com
Input Tax Credit To Benefit End-customer
Looking at the scale of India, it is reasonable to expect 3-5 years for the system to stabilize
Will GST Really Spike Up Your Bills?
As goods and service providers can claim input tax credit, your net tax bill will reduce say experts
The Bull Run Is Here To Stay
Karvy Finapolis’ event —“Is this the mother of all bull runs?” — evoked a thunderous response from investing public recently in Hyderabad.
