Padiyar's

Chandan Singh Padiyar |
SEBI Registered Investment Advisor |
INA000008251
Flat Fee Advice only Model |
Helping people Learn Personal Finance in Simple Manner |

[Padiyar's @CSPFS]

@sudeep_cholkar Sudeep Bhai KYC is not available in Door Step Service !
Been there, Done that.

[Padiyar's @CSPFS]

Price of Development

[Ankit Pandey @iamankitpande]

Healthcare in India is becoming a money making machine.

A friend’s grandmother is in ICU for the last 4 days.
Daily medicine cost alone is around 40–50K.

He is not allowed inside ICU.
He cannot see the treatment.
He cannot see which medicines are actually being used.
He can only stand outside and keep paying.

Medicines go from pharmacy to ICU.
Families don’t know what is used, what is not.
Maybe some goes back from the back door.
But there is no transparency. Only bills.

Private hospitals know families won’t argue when their loved one is in ICU.
This is not just treatment.
For many families, this is financial destruction in the name of healthcare.

[Padiyar's @CSPFS]

@JioCare I use 399 prepaid plan every month, since yesterday the STB has stopped working, however the customer care is not registering the complaint stating that they cannot register complaint for stb issue as I am using 399 plan

[Padiyar's @CSPFS]

@JioCare
Is OTT subscription mandatory for jio STB usage ?

[Padiyar's @CSPFS]

Completely Agree !

[VivekTaru @kendheswapnil]

How truly conflict-free advice looks

At the introductory stage, the adviser clearly explains how he works, his style of advice, what he offers, and what he does not. The prospective client can then decide whether the engagement makes sense.

He takes up only those engagements where he believes he can add more value than the fee he charges.

If another adviser is better suited to a client’s needs, he will say so and direct the client to that adviser.

He has no insecurity that if the client learns everything he knows, the client may decide to go DIY.

When a better option becomes available for the client, he brings it to the client’s attention, even if it reduces his own income.

He does not dilute the quality of his work to increase revenue.

He takes up only as much work as he can do justice to.

He does not create unnecessary complexity just to appear valuable.

He does not recommend something simply because it is fashionable or widely marketed.

He explains the limitations and uncertainties of any recommendation instead of presenting it with false confidence.

He is willing to say “doing nothing is fine for now” if that is the best course of action.

He does not push products, strategies, or changes simply to justify his fee.

He does not try to control the client’s decisions. He helps the client make better ones.

He does not try to create dependence; he wants the client to become more capable of making decisions over time.

He communicates in plain language, not jargon designed to impress.

He is comfortable saying “I don’t know” when something is outside his competence.

He is comfortable when a client questions his recommendations.

When he makes a mistake, he acknowledges it openly.

And he is happy when the client becomes more knowledgeable over time.

[Padiyar's @CSPFS]

@ActusDei There is No Battle as such,
Every one has their share based on the audience they address.
Everyone is complimenting each other - it's a huge market.

[M Pattabiraman @pattufreefincal]

List of Flat-Fee-only Financial Planners in India (SEBI RIAs) curated by freefincal https://t.co/eOtzCzV1e6

[Padiyar's @CSPFS]

@canarabank Please provide feedback for further action on the above query.

[Padiyar's @CSPFS]

@canarabank My Father 80 years of age has got a notification for Re-KYC, he cannot visit the branch, does not have net banking or mobile banking, Branch is not providing door step kyc, what is a feasible option to get it done - please guide.

Thank You

[M Pattabiraman @pattufreefincal]

I am incredibly proud to be a co-founder/supporter of this group. "Big things have small beginnings" - Lawrence of Arabia (1962)
https://t.co/txEokiKzGT

[Padiyar's @CSPFS]

Looks Like Bulk Message has been sent Blindly !

[CA Harshil sheth @CA_HarshilSHETH]

The person has filed ITR under NEW REGIME
No deduction or exemption

How can there is any chance of RISK IDENTIFIED by your system ?

@IncomeTaxIndia

[Padiyar's @CSPFS]

Important Action !

[Prem Soni @ValueWithPrem]

So I did what most people don’t:
I emailed the bank’s nodal officer
and filed a complaint on the PMO grievance portal.

The irony?
Even the PMO portal acknowledges this as a known issue it has a separate category for such complaints.

[Padiyar's @CSPFS]

यह नया भारत हैं ...............

[CA Ruchita Vaghani @R_N_Vaghani]

Dear @IncomeTaxIndia

Is This Intimation or Threat ?? Please Clarify

As this is intimation , wording should be polite and requesting Taxpayer to file ITR to avoid further consequences.

There may be a Thousands of reason for non filling of ITR which may be beyond the control of Taxpayer and This kind of Wording may leave Taxpayer in Fear and absolute Panic.

Improve The Wording They are Taxpayer not a Criminal or Murderer, They pay their hard earned Money for the development of this Country.

Kindly use respectfull and Polite word in Intimation & Notice.

Thank You.

[Padiyar's @CSPFS]

The Story still continues .....

[BasuNivesh Fee Only Financial Planners @BasuNivesh]

Height of mis-selling!!
An HDFC Bank Relationship Manager sold three traditional life insurance policies to a woman with a total annual premium of Rs.17.5 lakh, while her annual income is around Rs.40 lakh. The most shocking part? She doesn’t even need life insurance. She is unmarried, has no financial dependents, and she is clear that she does not plan to marry.

She has already paid one year of premium and is now stuck in a terrible trap—neither can she afford to exit due to heavy losses, nor can she comfortably continue paying such a huge premium every year.

[CA Ruchita Vaghani @R_N_Vaghani]

Received Income Tax Notice for Foreign Stocks via INDmoney?

Here is the Solution 👇👇(Read Full Thread in Comment)

🔁 Retweet Max to help other investors as well

[Padiyar's @CSPFS]

Brave !

[Neil Borate @ActusDei]

Welcome to the Hunger Games - Indian Income Tax Version

Every year the Indian State plays a version of hunger games with its taxpayers. Those who have made the mistake of earning RSUs (ESOPs) abroad by working in multinationals or those who have dared to invest abroad through entirely legal channels, trying to take some shelter from an ever-falling rupee, have to run the gauntlet of something called Schedule FA. This Schedule (along with other related parts like Schedule FSI) is an exam that only the most skilled CAs can pass - or they think they can, until the robot singing the song stops and a single foot has inadvertently moved ahead. You then get hit by the horrors of the Black Money Act. The funny thing is the real black money sits in crypto and that is way more relaxed in terms of reporting norms in Schedule VDA.

So let's go back to the hunger games. You have to know first of all that even if you have disclosed your foreign assets or income elsewhere, it must also be present in Schedule FA. Not just present, but in the right way with things like date of investment, peak balance and other minute details correctly recorded. It must be in calendar year although everything else in the ITR is financial year. You have to ensure that the asset is disclosed in rupees using the SBI TT rate (which SBI itself doesn't actually put out). Your CA has to be smart enough to fetch the TT rate from some website the unofficially records it from SBI. If by some miracle you've been a class topper and filled every single detail correctly, you could still end up with a notice. Because 'the system' has flagged it.

Most Indian citizens who invest overseas in listed equity have every intention of paying tax. There is a paper trail at every point - from the remittance to the actual investment with annual information sharing between countries. Sometimes, they make the mistake of thinking tax is payable when there is actually income (schedule FA applies even if you don't actually have any income from abroad that year) and fail to disclose it. If they don't 'do the needful' they are hit with a 10 lakh penalty if they're lucky and prosecution if they are not. In recent years, the State has waived penalty for small mistakes (up to Rs 20 lakh) but for many, the annual hunger games are a brutal as ever. As more and more people flunk the exam, the government has tried SMSes and 'nudge' to get them to pass.

But here's a simpler idea. Just prefill Schedule FA and FSI using the info you get from foreign countries and let citizens 'agree' with the tax. Just as happens with the AIS for all other types of income. Alternatively give a relaxation from hunger games for those investing in listed equity - these are not the black money people. They're just trying to make a quick buck by scoring the next Nvidia or they actually work in Nvidia.

Unless the State has every intention of playing these games so that scapegoats can be found, while politicians continue to sink black money into real estate and crypto without check. In that case, lose your best and brightest to Dubai, faster than ever.

[Padiyar's @CSPFS]

@pattufreefincal Hahahahaha

[Padiyar's @CSPFS]

@kendheswapnil Sahi Baat Hain !

[Padiyar's @CSPFS]

@BaluGorade वक्त वक्त की बात हैं,
पिक्चर अभी बाकी हैं !

[Padiyar's @CSPFS]

@indianviking1 यह तो NFO के बाद ही पता चलेगा.
मुझे तो लगता हैं NFO Hit रहेगा.