Darshan Mankad

An avid reader, admire word weavers...

[Darshan Mankad @dvpmankad]

@IncomeTaxIndia this is not a personal concern. A suggestion to relook into existing rules for the ease of tax payers. Excess TDS paid reflects on Traces as 'unconsumed'. Enough for online refund application, rather than asking for hard copies which costs ₹600-700 to taxpayer.

[Income Tax India @IncomeTaxIndia]

@dvpmankad Dear @dvpmankad,

Please email your query/concern (along with relevant details of the case) with us via email at [email protected]. Our team will get in touch with you.

[Darshan Mankad @dvpmankad]

2/2...Form 26QB, 26QC, 26B, Form 26 AS (both for landlord & tenant and buyers & sellers of property), Tax Challan, Data on unconsumed TDS etc. - all these are available online and yet hard copies are demanded to process... Pls relook into the rule...

[Darshan Mankad @dvpmankad]

@IncomeTaxIndia...for TDS Corrections and Refund, there is no explanation available on requirement of hard copies and Indemnity Bond when the document asked are generated by you and easily available for scrutiny & verification by Assessing Officers. 1/2

[CA Vivek Khatri @CaVivekkhatri]

🚨16 American billionaires just walked into Beijing with Trump.

Musk. Cook. Huang. Fink. Schwarzman. Solomon.

The biggest US-China deal since 2017 is being signed in real time.

And nobody on Indian X is talking about what happens to us if it cracks.

A thread 🧵
(Read Slowly & Worth Bookmark)

[Neil Borate @ActusDei]

Last week I was on a panel at IIM Mumbai. My fellow panellist, Nitin Rao, CEO of Incred Wealth, was asked why wealth managers are even needed in the age of AI.His answer was one line. It annoyed me. Then it didn't. 🧵

[Darshan Mankad @dvpmankad]

@PlumberBathware complaint booked one week back. Neither has your plumber turned up (despite repeated calls) nor is your customer care responding. If you can't provide service stop giving warranties.

[Darshan Mankad @dvpmankad]

A well-researched and written piece on India's Reactor Journey...Must read...@CaVivekkhatri super stuff

[CA Vivek Khatri @CaVivekkhatri]

🚨Last night, India switched on a reactor.

Here are 9 numbers nobody is talking about:

→ 72 years: Time since Homi Bhabha conceived this plan
→ 22 years: Time to actually build it
→ ₹7,700 crore: Final cost (started at ₹3,492 crore)
→ 500 MW: Power it will generate
→ 2nd: India's global rank only Russia had this before
→ 25%: India's share of world's thorium reserves
→ 400 years: How long those reserves can power India
→ 200+: Indian companies that built it. Zero foreign designs.
→ 3: Countries that tried and quit - USA, Germany, UK

🧵 A thread that will blow your mind:

[CA Vivek Khatri @CaVivekkhatri]

hat's your market move right now?

[Darshan Mankad @dvpmankad]

@CaVivekkhatri Super analysis. The last scenario is also visible between Russia-Ukraine. However, there, the third and fourth player have limited role. Here Oil, as you rightly said, will likely decide how the situation pans out if neither scenario 1 or 2 is out by March-end.

[The Curious Tales @thecurioustales]

🚨 I just learned about a concept, I can't stop thinking about.

The Four Burner Theory.

It destroyed Elon Musk's first marriage.
It explains why Bezos is jacked but divorced.

And why Zuckerberg has no real friends.

Once you understand it, your life will never be same:🧵

[Chidanand Tripathi @thetripathi58]

I don't understand why people don't use ChatGPT for stock trading.

Here are 10 prompts to use for stock trading and investing:

[Yash Gowda @yash_gowdaa]

Best use of ‘AI’ ❤️

[Arnab Ray @greatbong]

My daughter, who is very sensitive and expesses herself very well for her age, often has bouts of melancholia just before she goes to sleep. While this is usually a ruse to extend her bedtime, some of the things she says are often profound.

One day she was crying because she could no longer play with her old toys. When we pointed out that she definitely could, she said no people will think poorly of me if I went on a baby slide, I just can’t. I can’t even stand under the table and my father can’t hold me up so that I could fly up near the roof. I don’t want to grow up, she said, I want to stay the same way, a little baby, but I can’t.

Another day she cried saying she doesn’t like science because it makes her doubt the existence of fairies and unicorns.

There is a common thread running through her maladies, namely grieving about our own deaths. We are continuously dying, our two year old self and our eight year old self have very little in common in terms of our physical manifestation. We are different people strung along a timeline, linked only by a tenuous chain of memories.

My daughter is merely articulating the loss of her previous me, the one that accepted fairies as a fact of life and one that could squeeze into spaces she can’t any more. She also realizes the futility of returning to that previous person, because that person no longer exists, and the best one can do is simulate a person no longer there, and that’s silly even for an eight year old.

It leads me to wonder on my own deaths, and look back at the dead me-s, and grieve for them too, their innocence, their optimism, their ability to eat without thinking of carbs, their ability to say things without caring for judgment, their friends who are no longer, their dreams that died with them.

I look back at them with nostalgia and I know, like my daughter, that they are gone, my dead selves, and all I can do is simulate them, over a glass of rum, watching 90s songs or old cricket matches, while knowing that this is all very silly but that’s where the rum helps, dulling the self-awareness.

And I am thankful too, thankful for being here, in this space and time, with what I have that I soon will not. For only when you die so many times do you realize the joy of being alive.

[Darshan Mankad @dvpmankad]

@RailwaySeva @drmubl @drmubl can you pls update. The train has halted for 45 mins each on two stations that are no halt and have not taken diverted route. What's the use of delaying from source when same route was to be taken?

[Darshan Mankad @dvpmankad]

Train no #16506 KSR-Gandhidham Exp running late by 4 hrs. Was supposed to run on diverted route, but isn't. @RailMinIndia can you pls look into it...?

[Gaurav Dua @hellogaurav]

In last one month, Indian equity market has added $400 bln mcap, equals mcap of entire Indian market in 1996

The rally is driven largely by domestic investors with only limited FII flows.

Time to be cautious not fearful! Read our Market Outlook note for further details.
@Sharekhan #StockMarketNews

[Rohan Das @rohaninvestor]

SENSEX Exposed: 43 Years of SENSEX Data That Will Blow Your Mind:

🔰 Over the past 43 years, there have been approximately 11,000 trading days.

🔰 Positive and negative returns were observed as follows:

- Daily: 53% positive, 47% negative
- Weekly: 56% positive, 44% negative
- Monthly: 61% positive, 39% negative
- Quarterly: 64% positive, 36% negative
- Yearly: 72% positive, 28% negative
- 3 years: 89% positive, 11% negative
- 5 years: 96% positive, 4% negative
- 10 years: 100% positive, 0% negative

🔰 The SENSEX delivered a (CAGR) of 15.5% over the last 43 years.

🔰 Historical CAGR for different periods:

- 1980-1990: 21.6%
- 1990-2000: 14.3%
- 2000-2010: 17.8%
- 2010-2020: 8.8%
- 2020-2022: 24.8%

🔰 Taking into account an average dividend yield of 1.4%, the compounded annual growth rate (CAGR) of BSE Sensex is approximately 16.9%, resulting in a value of around 80,000.

🔰 The longest period of consecutive positive returns was from 1994 to 2003, spanning 9 years.

🔰 Since 2002, there have been no single-year rolling returns negative over any 7-year period, implying no loss if money was invested for a minimum of 7 years.

🔰 Actively managed equity funds have shown the following CAGR returns over 20 years:

- Hybrid: 15.96%
- Diversified: 16.25%
- ELSS: 18.20%
- All Funds (excluding LIC and few AMCs): 16.41%

🔰 SENSEX was at 3800 in June 1996 (26 years back). Over the last 26 years, the average equity mutual fund delivered 18% CAGR.

🔰 If SENSEX had performed as well as the average mutual fund scheme:

- At 16.4% CAGR, SENSEX should be around 1,70,000 levels.
- At 18% CAGR, SENSEX should be around 2,38,000 levels.

(H/t - 100xGain)

[Yahia Lababidi @YahiaLababidi]

"...but what we call our despair is often only the painful eagerness of unfed hope."

— George Eliot, Middlemarch

[Darshan Mankad @dvpmankad]

People are busy and emotional, and a good story is always more powerful than ice-cold statistics - @kaul_vivek decoding the business, economics, philosophy and human behaviour in yet another classic piece
https://t.co/lWM4FzvPPq

[Reuters Asia @ReutersAsia]

IMF raises India's FY24 GDP growth forecast to 6.3% - report https://t.co/XfEo7XvhFd