Utsav Shah

[Utsav Shah @Utsav_92]

@ActusDei @livemint @amrendra_86 @JoseyJohn @deeptibhaskaran Mint

[Utsav Shah @Utsav_92]

@NIKHILLJHA Can I move from Optima Secure to Optima Secure +? I have this policy since the last few years.

[Utsav Shah @Utsav_92]

@abhealthin Sent via DM

[Utsav Shah @Utsav_92]

@abhealthin I’ve been treated for appendicitis at Sir HN Reliance Hospital. The final authorisation amount at discharge is way lower than the final bill disallowing consultations, biopsy of removed organ and items used for surgery such as surgical staples. This is unacceptable.

[Utsav Shah @Utsav_92]

@abhealthin @BathwalMayank

[Utsav Shah @Utsav_92]

@NIKHILLJHA I have a HDFC Ergo Optima Secure floater policy for my wife and I with Unlimited restore. 50 lakh sum assured. I have 2 questions:
1. Do I need to buy a separate critical illness policy?
2. Does result of preventive health checkup affect premium of my primary policy?

[Utsav Shah @Utsav_92]

@NIKHILLJHA I availed this 3 years ago. Not much of a hassle but Axis Max doesnt have the capability of changing the sum assured on the policy document. I was given an endorsement letter.

[CA Ruchita Vaghani @R_N_Vaghani]

Dear @IncomeTaxIndia

Stop Treating Genuine Taxpayer as They are Criminals.

They gave Hard earn money for the Development of the nation in nature of Tax.

Be Strict on Smugglers Who Smuggle Drugs which ruins the Young Generation of This Country.

Take a actions against politicians whose networth is 20 cr and spending 50 cr on occassion of weddding of their son/ Daughter.

Middle class salaried person earning small peny and paying 30% to the nation and in return what they are getting ??? Notices ??? Late refunds???

This Things should be stopped immediately.

[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.

[Savio Shetty @abeautifulmind7]

Read on a car
"Nobody is an atheist at 50x leverage"

[Vishal Khandelwal @safalniveshak]

Reminder: You’d signed up for this.

Now, stay the course.

[Fundamental Investor ™ 🇮🇳 @FI_InvestIndia]

Thanks to Dream 11 Daily Players, Dream 11 CEO buys property worth 138 Crore in Mumbai !!! 😄

In a Casino, the House always Wins 🔥🔥🔥

#FI

[Seema Gupta @BlissfulWorld_]

People wait:

All day for 5 pm
All week for Friday
All summer for winter
All winter for summer
So, in nutshell....
All of life for happiness

Don't let the pursuit of tomorrow diminish the joy of today!!
Enjoy every moment of life.

[Utsav Shah @Utsav_92]

@NIKHILLJHA Basis of deciding the ideal sum assured for a health and life insurance and important riders to include.

[Utsav Shah @Utsav_92]

@NIKHILLJHA I have a HDFC Ergo policy since the past few years. Lately as you said other insurers are beating HDFC with better features. My question is does one keep porting policies or how does one future proof their policy? What would you do in such a scenario?

[anand mahindra @anandmahindra]

And this Sunday, I’m happy to be a couch potato, if it means that I get to watch history being made.

This experiment may just be the critical moment when space travel was democratised and made routine.

Where can I buy my ticket, @elonmusk ?

👏🏽👏🏽👏🏽

[Jiten Parmar @jitenkparmar]

The biggest myth is that LGD (Lab Grown Diamond) is fake and ND (Natural Diamond) is real.

It's simply not true. Both are REAL diamonds.

Both have same properties.

Both have the same chemical composition. Both have the same hardness. Both have the same Optical properties. Both sparkle the same (for same quality).

Only difference is one is made by nature, and the other one in a lab.

A test-tube baby is also a human baby. And in no way inferior.

[Ira Dugal @dugalira]

India’s food inflation has averaged about 7% over the last two years and more than 6% over the past four years.

Vegetable prices have seen double digit inflation for 22 months in the last four years.

Yet, the cooking cost allowance for the crucial mid day meal scheme has not been raised since Oct 2022, forcing teachers to cut back on meals given to under privileged students. Many young kids depend on this meal for their best shot at nutrition.

Reporting with Reuters’ @DashJatin and @saurabhsherry

Do read: https://t.co/2tsNTTpu2Z

[Vibhor Varshney @nakulvibhor]

End of an Era: Ratan Tata Passes Away 🙏

The saddest hour for the nation

He was not a businessman, he was an industrialist, an icon

Ratan Tata’s legacy will always inspire future generations

The real Ratan of India

[Utsav Shah @Utsav_92]

@NIKHILLJHA Agents are talking about a ManipalCigna Sarvah policy with unlimited restore and 1x sum assured getting added every year. Your view on it?