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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.
MUMBAI: The Central Board of Direct Taxes has expanded a listing of exceptions for submitting of appeals by I-T division with tax tribunals and courts, permitting appeals to be filed even for ‘insignificant’ sums, in line with a current round. CBDT has, nevertheless, maintained the edge limits for submitting appeals.The exceptions embrace issues associated to bogus capital positive aspects/loss from penny shares and circumstances of lodging entries, disputes regarding numerous features regarding TDS or TCS, tax assessments primarily based on data from legislation enforcement and intelligence authorities, concerning tax treaty applicability and equalisation levy (dubbed as Google tax).Tax consultants view {that a} wait-and-watch method is required, however the broad checklist of exceptions might result in elevated litigation for people, Indian firms, and abroad entities.In August 2019, CBDT had revised the bounds to Rs 50 lakh, Rs 1 crore and Rs 2 crore for submitting of appeals by the I-T division with the Earnings-tax Appellate Tribunal, excessive courts, and the SC, respectively. Barring the now expanded checklist of exceptions, the I-T division can file appeals at increased judicial boards provided that the ‘tax effect’ exceeds these thresholds.In easy phrases, ‘tax effect’, means the distinction between the tax on the full revenue assessed by the I-T division and the tax levy with out contemplating the disputed revenue. Govt officers, that TOI spoke with, contend that the present thresholds are cheap and that increasing the checklist of exceptions was crucial.A taxpayer factors out that there’s a proliferation of WhatsApp teams that draw harmless buyers into shopping for and promoting shares of sure corporations — which can transpire to be penny shares. The capital positive aspects/loss made by them are real and they aren’t a part of any organised tax evasion exercise. Nonetheless, now even for insignificant positive aspects or losses, the I-T division can enchantment and delay the litigation. Issues associated to statutes that now not exist comparable to wealth tax, fringe profit tax are included within the exception checklist, as is equalisation levy.Gautam Nayak, tax accomplice at CNK & Associates factors out that litigation has a price for the taxpayer and the division. It additionally has a bearing on investor sentiment. “Litigation on insignificant sums could send the wrong signal. Perhaps, issue-based limits could have been set.” Nayak famous that some exceptions carved out might impression India Inc and its worldwide enterprise companions.
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