Burn

The sale season is almost over and we had a lot of discount options (a lot), from Flipkart Big Billion Days to Amazon Great Indian Festival to what not. Throughout the sale, we were bombarded with advertisements of our favourite items, until you clicked on that 'Buy Now' option.

Many of you must be waiting for the shopping extravaganza of the year, Flipkart's Big Billion Days Sale which is just around the corner, and the excitement to get an iPhone at a better cost is building as the official dates have been announced. The scammers, I am sure are gearing up as well.

If you are planning on international travel from India post-June, then get ready to have 20% more cashflow than your actual budget. This is because the Indian government is now levying 20% tax collected at source (TCS) on every transaction you make overseas via whatever method.

A late-night notification on Tuesday, May 16, by the Union Finance Ministry brought credit card payments overseas under the Liberalised Remittance Scheme. It means that Indian credit card transactions made abroad will now be costlier as users will have to pay a steep 20% tax collected at source (TCS).

The Budget for this year (financial year 2023-2024) is out and Union Finance Minister Nirmala Sitharaman has a few incentives that Gen-Z might be interested in. While the college-going folks or the newly-recruited people in their early 20s might not care much about agricultural industry reforms and gold-silver-diamond prices, they might bat an eye for some highlights like mobile phones getting cheaper and clothes getting more expensive.

Giving some relief to the Indian middle class, Union Finance Minister Nirmala Sitharaman has announced to increase the tax exemption limit to Rs 3 lakh and the rebate limit from Rs 5 lakh to Rs 7 lakh under the new tax regime.

We hear inspiring stories of people who went from rags to riches, but we also need to hear the stories of those who went from riches to rags. The wise saying goes: It is not about how much money you can earn, it is about how much you can keep and multiply. 

I was standing just outside my office and recalling how Karma had come for me, given that I generally was the one who doled out free advice to all my cabbies to open a bank account or start accepting online payments.

Fans are spending a lot more for concerts in the US thanks to a higher base price, higher fees levied by the show's promoters, and a new dynamic pricing model that is binding your cost to the time you book your ticket.