Plan Your Financial Future in Minutes
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today — no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
How I Turned ₹5,000/month into ₹6 Lakhs — My 3-Year SIP Journey
In 2020, I was saving ₹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ₹6,12,000 — and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
📉 What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
📈 Lesson Learned: Consistency Beats Timing
- Missed rallies by being out of the market
- Lost out on rupee cost averaging
- Peace of mind improved with automation and discipline
🔄 My Portfolio Before vs After
Before (2020)
- Random savings in bank account
- No real investment plan
- Low returns (2-3% p.a.)
After (2023)
- Disciplined SIPs in diverse mutual funds
- Portfolio value: ₹6,12,000
- Average returns: 13-15% p.a.
🧠 What I’d Do Differently If Starting Again
If I could start over, I’d set up my SIPs and forget about the daily market noise. I’d diversify a bit more, avoid panic-selling, and trust the process. Most importantly, I’d start even earlier — because time is your biggest ally in compounding.
MUMBAI: In a peculiar case handled by the Revenue-tax Appellate Tribunal (ITAT), Mumbai bench, a taxpayer Mukesh Harilal Mehta had claimed part 54 deduction in his Revenue-tax (I-T) return for the monetary 12 months 2014-15. The tax tribunal held that this declare can’t be denied owing to a mistake dedicated by the builder in allocating the flat. The builder had erroneously allotted the flat bought by him to a different purchaser, however accepted this error and allotted a equally positioned flat in the identical constructing to Mehta.Part 54 of the I-T Act gives that any long run capital achieve arising to a person on sale of a residential property shall be exempt to the extent that such capital achieve is invested within the buy of one other residential property inside one 12 months earlier than or two years after such sale.Or the brand new residential property might be constructed inside three years from the date of sale of the unique property.These situations have been met by Mehta. Nonetheless, the I-T officer throughout evaluation denied this declare as there was no registered sale deed evidencing the acquisition of the brand new flat. Additional, the main points of the brand new flat talked about within the possession letter have been completely different from the flat in direction of which the fee had been made.The ITAT held that the denial of exemption is unjustified as he can’t be penalized for a mistake dedicated by the builder in allocating the flat.
#Builders #error #allotting #flat #impression #tax #profit #declare #guidelines #ITAT