Tweet

@finshots

More from @finshots

Finshots

@finshots

Nov 16

If you’re a working professional, right around this time of the year, your HR will ask you to submit investment documents to assess tax on your income – a.k.a “Investment Proof Declarations”.

Here’s a quick 101 to ensure you don’t shell out excessively on income taxes🚨

1. At the beginning of each financial year, your HR will ask you to fill out a tax declaration form. This determines your TDS (Tax Deducted at Source).

And if you’ve meticulously planned your investments – you could reduce your taxable income & claim several tax deductions.

2. So, what can you declare to save taxes on your income?

- Investments under Section 80C: You can claim upto ₹1.5L in deductions against investments like Equity-linked saving schemes (ELSS), life insurance premiums, employee’s provident fund, and more.

Read 8 tweets

Finshots

@finshots

Nov 15

Reliance has cracked the code to identify hidden opportunities in the market - telecom, oil refining, retail, chemicals, you name it.

And now they have their sights on another budding industry - Salons! ☕️ (1/n)

Think about it. The target market for salons is massive. Nearly everyone is a potential customer.

Plus, growing customer consciousness about how one appears, ever-changing fashion trends and the rising concern for beauty care are rapidly fuelling the industry's growth.

— In fact, in 2021, the market size for beauty & personal care was a whopping ₹1.98 trillion!

And while Covid did have a massive impact on the industry, they have witnessed a strong comeback – reviving about 70-80% of pre-Covid sales via both at-home and in-store services.

Read 7 tweets

Finshots

@finshots

Nov 14

When Jet Airways – once India’s undisputed leader of the skies – went bankrupt, it owed various people ₹8000 crores.

And after investors agreed to buy out the airline - they were expected to make a roaring comeback this year.

But all we’ve got is nothing but more bad news☕️

For instance, the National Company Law Appellate Tribunal (NCLAT) put out an order that said – that the investors bailing out the airlines needed to cough up more money than they had originally committed.

You see, no buyer was willing to swallow that large amount of debt.

So when the investors (Jalan-Kalrock consortium) proposed a ₹1,375 crore buyout – there was a lot of optimism surrounding the airline.

But a part of the deal was to set only ₹475 crores aside for lenders & employee dues – the rest was to be used in rebuilding the airline.

Read 5 tweets

Finshots

@finshots

Nov 9

Amazon India is delisting Appario Retail from its marketplace within the next year. And if the name sounds familiar - it’s because it is one of the largest sellers on the platform.

6 months ago, Cloudtail - once the biggest seller on Amazon India - shut down operations too.👇🏻

And it seems now Appario will be sharing a similar fate.

So, what exactly is going on?

Well, the root of Amazon’s present woes seems to be the company’s frequent run-ins with regulators.

To see how, let’s recap what happened with Cloudtail.

First, the government tightened FDI rules for foreign e-commerce firms - which meant Amazon had to reduce its share in Cloudtail from 49% to 26%.

Read 9 tweets

Finshots

@finshots

Nov 9

Imagine your cart is worth about ₹8,000. And if you spend ₹2,000 more, you’d get a voucher worth ₹1,000 to buy some apparel. Should you take this bargain? Should you give in to the temptation?

Well… Maybe not. ☕️ (1/n)

Sure, you’ll be dumping free goods worth a grand, but there is a potential downside you may not have considered.

The math is simple. Right now you’re spending ₹8,000 and they’re asking you to pay another ₹2,000. You don’t really need the extra pair of clothes.

But the voucher gets you excited and you commit anyway.

Now you want to put the ₹1,000 voucher to good use. But you can’t find good apparel worth ₹1,000. You end up spending another ₹1,800 to buy a nice shirt and all of a sudden you’ve spent an extra ₹800.

Read 7 tweets

Finshots

@finshots

Nov 9

Each time talks of compensation have cropped up in the past - rich countries have found ways to brush it off.

But finally, they’re willing to acknowledge it.

What are we talking about you wonder? ☕️ (1/n)

Climate change!

Just look at the data between 1751 and 2017 — a whopping 47% of the CO2 emissions came from the US, EU and the UK.

While Africa and South America together accounted for only 6%!

Take the US for instance. Its emissions hurt its neighbour Mexico and the country lost $79 billion of its GDP between 1990 and 2014.

How?

Well, warmer weather can hurt agricultural yields if the crops aren’t attuned to the fluctuations in temperatures.

Read 6 tweets

Share this page!

Finshots

People who liked this thread also liked...

Try unrolling a thread yourself!

More from @finshots

Finshots

Finshots

Finshots

Finshots

Finshots

Finshots

Did Thread Reader help you today?

Don't want to be a Premium member but still want to support us?

Send Email!