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Showing posts with the label Cryptocurrencies

My Experience with Income Tax Return (ITR) Filing

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I once thought that if I know something (probably because I've learnt it somehow), I am saving money because then I don't have to pay someone to do that chore for me. This notion of mine has been smashed and boinked all around the place for the last couple of days. I am talking about filing my ITR (Income Tax Returns). Context In the past, during my school days, I have seen my parents getting irritated by the whole process. It was very cumbersome at that time- No online portals to make your work easy. ITR filing in India was a nightmare. I have seen my parents to delegate that task to professionals, who do it for a fee. The problem was, my parents never seem to mind that much about tax. I mean, they did moan about the atrocity that the Indian tax system is, but that's the extent of their outrage. I felt at that time, if they knew more on tax, they would be able to save more on taxes and also would be able to do proper tax planning. Oh boy, what a sweet dream that was! My Li...

On Crypto assets- Do we worry?

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For the last few years, interests in cryptocurrency and blockchain related topics have skyrocketed. Active investors, traders have increased by manyfold. People and to some extents Governments have mixed reaction on this. Some have accepted this change whereas some are doubtful. El Salvador became the first country to accept Bitcoin as a legal tender and also plans to create “crypto-city”. On the other hand, China has taken steps to clamp down crypto-mining and crypto assets as a whole.   I am an ardent fan of new technologies and as such I adore Blockchain for what it can offer. People sometimes forget but cryptocurrencies are just one of the applications made possible by Blockchain technology. But the current debates and discussions are not on Blockchain, rather on private cryptocurrencies. Here are few of my points on this matter, as per my limited knowledge (anyone may choose to disagree)- What are the cons/ worries associated with cryptocurrencies? One valid point is the...