Profit Tiger

Profit Tiger

2/20/2025, 1:48:20 AM

I went to GYM today after soo long and forgot my Phone 😂 So this is the older pic, but mae GYM gai thi aaj !

Profit Tiger

2/28/2025, 10:32:26 AM

📉 *Nifty Below 22,300 & Sensex Crashes Over 1,000 Points* 📉 The Indian stock markets have experienced significant declines recently, with the Nifty 50 falling below 22,300 and the Sensex dropping over 1,000 points. This downturn has been influenced by several key factors: *Key Reasons Behind the Market Decline:* Global Trade Uncertainty: Concerns over potential global trade wars, including U.S. tariffs on imports from Canada, Mexico, and China, have heightened market volatility. 1. *Foreign Capital Outflows:* Persistent foreign investor withdrawals have exerted downward pressure on the markets. Since September 2024, foreign investors have sold approximately $25 billion worth of Indian equities, with $4.1 billion sold in February alone. 2. *Weak Global Economic Indicators:* A decelerating U.S. economy and rising inflation concerns have contributed to global market weakness, affecting investor sentiment. 3. *Sector-Specific Challenges:* The Information Technology (IT) sector has been particularly impacted, with significant declines due to rising U.S. jobless claims and growing concerns over inflation. *Impact on Investors:* This market downturn has resulted in the Nifty 50 experiencing its fifth consecutive month of losses, marking the longest losing streak in nearly three decades. At *MyFundSIP,* we're here to guide you through these challenging times, helping you make informed investment decisions tailored to your financial goals.

Profit Tiger

2/20/2025, 4:56:41 AM

*EPF Withdrawals Soon Via UPI – Here’s What You Need to Know* *EPF Claims on UPI:* The government is working to enable EPF withdrawals through UPI for faster, smoother fund transfers. *Launch Timeline:* The feature is expected to roll out in the next 2-3 months. *Record Claims:* Over 50 million EPF claims have been settled in FY25, disbursing more than ₹2.05 lakh crore. *Enhanced Accessibility:* Once integrated with UPI, subscribers can access their claim amounts easily through digital wallets. *Improved Services:* This is part of ongoing EPFO reforms to improve efficiency and convenience for its 7.4 million subscribers.

Profit Tiger

2/24/2025, 4:16:40 AM

*New Income Tax Bill 2025: What You Need to Know* Union Finance Minister Nirmala Sitharaman recently tabled the new Income Tax Bill, overhauling the 64-year-old law. While it brings a simplified approach, experts have mixed opinions. Here’s a breakdown of key points: *Shorter & Simpler:* The new bill is 622 pages, 201 pages shorter than the existing 823-page law. Redundancies and cross-referencing have been removed for clarity. Key Changes: *Assessment Phase-out:* The term "assessment" is replaced by "tax year." Simplified Language: Complex terms have been replaced with simpler language to reduce confusion. *Litigation Impact:* Some experts believe the new law won't reduce litigation as hoped. It doesn’t address existing disputes, especially at the Commissioner (Appeals) level. New provisions, like virtual digital assets, may create future disputes. *Old Wine in a New Bottle?* Critics argue the law is more of a clean-up than a substantial reform, lacking new concepts like group taxation and carry-back of losses. *Future Outlook:* The simplification is a step forward, but experts believe it may not entirely resolve litigation issues. Some ambiguities remain, but these might be addressed as the law progresses. 👉 The new law is a move towards a simpler tax regime, but its real impact on reducing litigation remains to be seen.

Profit Tiger

2/19/2025, 6:32:22 AM

🚨 *Key Changes Under the New Income Tax Bill 2025* 1. *No Refunds for Late ITR Filing*: If you file your ITR after the due date (December 31), you may not be eligible for a refund. 2. *Clause 263(1)(a)(ix):* This provision makes it mandatory to file ITR on time to claim any tax refunds. 3. *Impact:* Under the current law (Income Tax Act, 1961), taxpayers could still claim refunds for late returns until December 31. The new rule changes this. 4. *Effective Date:* The new bill is set to be implemented from FY2026-27. 5. *Expert Concerns:* Many experts believe this could create issues for those who miss deadlines due to genuine reasons, especially those with excess TDS deductions. Stay updated, and make sure to file your returns on time! 💡

Profit Tiger

2/22/2025, 6:17:47 AM

🚨 *Important Update: Protect Your Deposits & Savings* 🚨 The recent NICB fraud has raised fresh concerns about the safety of deposits in co-operative banks. With 430 co-operative bank failures since 1962, it's crucial to reassess where you're parking your hard-earned savings. Here's what you need to know: *Key Takeaways:* *1. Prioritize Safety Over High Interest Rates* Don't get swayed by high returns. Ensure your savings are in safe hands. *2. Diversify Your Deposits* Distribute your deposits across multiple banks to reduce risk. Ensure that no single bank holds more than ₹5 lakh of your savings to be fully covered by DICGC (Deposit Insurance and Credit Guarantee Corporation). *3. Choose Banks Wisely* Opt for a mix of public sector banks, large private banks, and small finance banks (SFBs). Keep most of your savings in a large state-owned bank for maximum safety. Only park minimal amounts in co-operative banks, and always ensure you're within the ₹5 lakh limit. *4. Reassess Your Bank Choices Periodically* Regularly check the financial health of your banks. In case of a failure, DICGC insurance ensures coverage of both principal and interest up to ₹5 lakh per bank. *What NICB Customers Should Do Now:-* - Update Bank Mandates for loan repayments, EMIs, SIPs, bills, and salary deposits. - Transfer outstanding loans to other lenders. - Notify employers and EPFO about your updated bank details. Remember, protecting your savings is a priority. Diversify and stay informed to ensure your money stays safe!

Profit Tiger

2/17/2025, 6:19:54 AM

🚨 *Income Tax Bill, 2025 Update* Only ELSS mutual funds (under Section 80C, up to ₹1.5L) will now qualify for tax deductions. Other mutual funds? No more tax benefits! *Major changes to capital gains tax are also on the way.* 🤔 Is this a step forward or just making savings harder?

Profit Tiger

2/15/2025, 5:22:33 AM

Trade Talks Alert! India’s tariffs stand at 12% compared to the US’s 2.2%. After a round of talks, India agreed to buy more US oil, gas, and military gear. Trump and Modi’s bond kept things friendly, but the US president had concerns about doing business in India. 🤔 Are we heading toward a balanced trade deal or just more imports for India? What do you think? 👇

Profit Tiger

2/12/2025, 8:54:58 AM

Its Shaadi Season !

Profit Tiger

2/8/2025, 6:25:18 AM

*Happy Saturday !* The new video is out on YouTube on *How you can reduce your home loan interest and 10 years significantly.* By following these steps, I have described three simple ways which you can use as per your affordability. https://youtu.be/fvsprNOKI5k?feature=shared