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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.
GST for residential property used for commercial purposes
GST for residential property -In a recent decision, the Rajasthan bench of the Authority for Advance Rulings (AAR) clarified how taxes work when someone uses a business house and is registered for Goods and Services Tax (GST).
The Case of Deepak Jain
Old Rules versus New Rules
Deepak Jain rented his place to a company doing office work. Before July 17, 2022, if you rented a living home, there was no tax, but for businesses, there was an 18% tax. After July 18, 2022, things changed. Renting homes for living now has a tax using a different method, but only if the person renting is registered for GST.
Sorting Out Lease Agreements
Even though local authorities said Jain’s property was for living, his agreement with the company stated it was for business. The AAR said that, despite local rules, what matters most is how the property is mainly used for business.
What the Ruling Means for Taxes
How Much Tax and Who Pays
Renting for business now has an 18% tax, and the person renting out the place has to pay this tax directly.
AAR’s Opinion on Home Definition
The AAR decided that Jain’s property doesn’t count as a home for tax purposes because it’s used for business, following rules from July 13, 2022.
Figuring Out the Property’s Nature
The AAR highlighted that how the property is used and how long people stay there determine if it’s seen as a home or a business space.
Conclusion: A Guide to GST Rules
To sum it up, the AAR’s decision helps people renting homes for business understand GST better. The main lesson is that the key factor is how the property is mostly used for business. Keeping up with such rules is crucial for making smart choices in the world of taxes.
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