From the days of ‘Eat breakfast like a King*, lunch like a prince and dinner like a pauper' to ‘Declare like a King, invest like a prince and take the salary cut in Q4 like a beggar’, mankind has indeed come a long way. ‘Tune FD kiya ya LIC’ and ‘1 lakh kiya ya 1.5 lakh’ have become the grown-ups’ versions of ‘Tune option A mark kiya ya B’ and ‘ek page likha ki dedh page’. Even the additional 50000 exemption limit under NPS is like that bonus question with negative marks only a few dared to answer.
I would like to end by making a plea to the Indian government on behalf of my esteemed readers and everyone else who has missed his/her investments for the current financial year:
(1) Allow FDI in investments where some friend of yours sitting in Dubai with no income tax and surplus savings can make the investments on your behalf. It will only extend the definition of FDI because an investment in an investment makes logical sense
(2) Rename section 80C as 40C. If you think size 80C is possible, you’ve been watching the wrong genre of porn all this while!
(3) Interchange every occurrence or ‘high return’ and ‘low return’, clearing all the confusion and leaving just one instrument in the market: PPF
(4) Ban the Indi-McSpicy burger at McDonald’s
Ciao!
*: subtle product placement #1 for employer
Comments