Harsh Roongta

All stories by Harsh Roongta

Redefined in Budget 2020: Who's an Indian resident

Redefined in Budget 2020: Who's an Indian resident

Rediff.com3 days ago

No attention to detail seems to have been paid while introducing such a major provision and the wide arc of people it will take in its ambit, states Harsh Roongta.

Should I invest in this gold scheme?

Should I invest in this gold scheme?

Rediff.com8 Jan 2020

'In most schemes, where the monthly investment is a fixed amount, investors run the risk of the price of gold rising during the tenure of the recurring deposit,' notes Harsh Roongta.

Your home loan queries answered!

Your home loan queries answered!

Rediff.com24 Dec 2019

Chartered accountant and Sebi registered investment advisor, Harsh Vardhan Roongta, answers your home loan queries

Can Project Insight end tax evasion?

Can Project Insight end tax evasion?

Rediff.com29 May 2019

It's possible to curb tax evasion using high-end technology. But it requires an honest intention to make use of the treasure trove of data that is captured, points out Harsh Roongta.

What govt's new tax return and refund policy means for you

What govt's new tax return and refund policy means for you

Rediff.com15 Feb 2019

If, as promised, the refunds are done within 24 hours it will obviate one of the biggest reasons that taxpayers distrust the tax department -- delayed refunds especially in cases of large refunds.

Floating rate borrowers need easy portability

Floating rate borrowers need easy portability

Rediff.com21 Jan 2019

Most borrowers may not be aware, but quite a few banks already offer external benchmark linked home loans to favoured borrowers, says Harsh Roongta.

Why Modicare is 'bad news' for India's middle class

Why Modicare is 'bad news' for India's middle class

Rediff.com28 Sep 2018

Hospitals empanelled for Modicare may give preference to poor patients over the middle class for fear of strict government action, says Harsh Roongta.

Tax terrorism continues under NDA, and has risen further

Tax terrorism continues under NDA, and has risen further

Rediff.com31 Aug 2018

Like the UPA government, probably the NDA government also feels that hardships caused to taxpayers are just collateral damage and that taxpayers are too few and even those few don't have a vote (non-individuals) or don't vote, says Harsh Roongta.

Ouch! Last-minute tax planning can hurt

Ouch! Last-minute tax planning can hurt

Rediff.com7 May 2018

As long as the money has been 'paid or deposited in the previous year', an assessee should be eligible for tax relief, says Harsh Roongta.

The bank fraud no one is checking

The bank fraud no one is checking

Rediff.com26 Mar 2018

The loss to policyholders due to massive mis-selling of insurance policies by trusted private sector and public sector banks will be well in excess of Rs 2 trillion, warns Harsh Roongta.

Borrowers, be prepared to pay for the Nirav Modi scam!

Borrowers, be prepared to pay for the Nirav Modi scam!

Rediff.com6 Mar 2018

'The RBI can make a change in EMI the default option, when interest rates rise or fall, rather than a change in the loan tenure,' says Harsh Roongta.

Listed equities: Should exemption on long-term capital gains go?

Listed equities: Should exemption on long-term capital gains go?

Rediff.com27 Jan 2018

An argument used for removal of this exemption is that it is used to launder black money and bring it in as clean tax paid money by manipulating the price of less liquid shares in the market, says Harsh Roongta.

Is there a Rs 1.25 trillion hole in the EPS?

Is there a Rs 1.25 trillion hole in the EPS?

Rediff.com17 Jan 2018

'How is the scheme running despite running such massive deficits?' 'This is because the number of new members are much more than earlier members who are drawing pension.' 'If this was done by a private organisation, it would have been called a Ponzi scheme in which the contribution by new members is being used to pay off old members,' says Harsh Roongta.

How to save the property market

How to save the property market

Rediff.com21 Nov 2017

The real estate sector is a major employment provider and the economy cannot afford its hard landing. Harsh Roongta suggests measures that can revive the under-construction market

How lenders game the system

How lenders game the system

Rediff.com28 Oct 2017

Yet, no bank has been taken to task for its actions, says Harsh Roongta.

Why this is the best time to buy low-cost house

Why this is the best time to buy low-cost house

Rediff.com7 Aug 2017

Provisions of RERA, subsidy under PMAY and relaxation in PF withdrawal to buy a house will aid affordable housing, points out Harsh Roongta.

How high bank charges hurt us

How high bank charges hurt us

Rediff.com24 Jul 2017

Some of their tactics would put a snake oil salesman to shame, says Harsh Roongta.

Want to withdraw your PF to buy a home?

Want to withdraw your PF to buy a home?

Rediff.com3 Jul 2017

It's such a well-kept secret that even well-heeled financial planners aren't aware of it, says Harsh Roongta.

What you need to do to get the best home loan?

What you need to do to get the best home loan?

Rediff.com12 May 2017

Which is the best home loan? Advice from financial guru Harsh Roongta.

WARNING: Credit card default is costly

WARNING: Credit card default is costly

Rediff.com23 Jan 2017

Do not game the system to run away from repaying the money you owe to the credit card company.

STOP! Do not tear that counterfeit note

STOP! Do not tear that counterfeit note

Rediff.com23 Dec 2016

'The counting machine beeped, indicating a counterfeit note.' 'When the teller started tearing it, my nephew stopped him and asked him: Under whose authority was he destroying it, how did he know that the note was fake and if a genuine note gets destroyed, how will he be compensated?' Harsh Roongta explains the process if you have a counterfeit note.

Will Modi target gold and real estate next?

Will Modi target gold and real estate next?

Rediff.com12 Dec 2016

Speculation is rife that the Centre can take draconian steps such as mandatory e-passbooks for all real estate holdings and compulsory checking of every single safe deposit vault.

If you find a bag of money on the road, don't pick it!

If you find a bag of money on the road, don't pick it!

Rediff.com24 Nov 2016

'Many theories are doing the rounds on how to declare unaccounted income.'
'One of the more interesting ideas I have heard,' says Harsh Roongta, 'is that the tax payer can state that he found the currency notes in a bag on the street.'

Go only for finished flats till May 2017

Go only for finished flats till May 2017

Rediff.com29 Sep 2016

After coming into effect, the Real Estate Regulation Act will ensure that developers are unable to take home buyers for a ride

The real story behind delayed tax refunds

The real story behind delayed tax refunds

Rediff.com15 Sep 2016

Prompt refunds have been made for small amounts. For larger amounts, time has been sought till March 2018

Can only the rich do social good? Not really

Can only the rich do social good? Not really

Rediff.com18 Jul 2016

A lot of people are hesitant to use this route because of the heavy turnover of these assistants.

Problems for NRIs remitting salary to India

Problems for NRIs remitting salary to India

Rediff.com4 Jul 2016

Interest on NRE accounts is tax-free, but the I-T department creates hurdles to tax these accounts.

Should you opt for National Pension System?

Should you opt for National Pension System?

Rediff.com23 May 2016

On maturity, 40 per cent of the accumulated corpus can be withdrawn tax-free.

Akshay Tritiya: Does it make sense to buy gold?

Akshay Tritiya: Does it make sense to buy gold?

Rediff.com9 May 2016

Look at gold bonds or gold monetisation scheme instead of buying physical gold

Pension reforms: Govt has failed to do its homework

Pension reforms: Govt has failed to do its homework

Rediff.com25 Apr 2016

The government has not done its homework or made any attempt to forge a consensus on this matter that affects millions of people in the organised sector, says Harsh Roongta.

MCLR: Will it bring down rates for borrowers?

MCLR: Will it bring down rates for borrowers?

Rediff.com11 Apr 2016

Banks will introduce hybrid home loans with stiff penalty on prepayment and shifting.

NPS and EPF should get same tax benefits

NPS and EPF should get same tax benefits

Rediff.com14 Mar 2016

The 40 per cent exemption benefit is applicable only for employees.

Will tax simplification actually happen?

Will tax simplification actually happen?

Rediff.com15 Feb 2016

The government has become used to accounting for TDS as its income even though it knows a significant portion needs to be returned as refund

Why tax sops under Section 54 are money-launderer's delight

Why tax sops under Section 54 are money-launderer's delight

Rediff.com28 Dec 2015

Section 54 provides a tax-free method to convert unaccounted money into accounted money, says Harsh Roongta.

Will new base rate calculation help borrowers?

Will new base rate calculation help borrowers?

Rediff.com7 Dec 2015

If you are one among the millions of existing borrowers who are paying a higher interest rate compared to new borrowers of the same bank, make your shift now, before prepayment charges make it more expensive.

Smart tips to curb overspending on your credit cards

Smart tips to curb overspending on your credit cards

Rediff.com23 Nov 2015

When you pay by cash, the pain is the highest and when you pay by credit card, the pain is reduced considerably.

Why market crash is different this time

Why market crash is different this time

Rediff.com31 Aug 2015

When the bull run begins its march again, it will really be different!

Should you invest directly outside India?

Should you invest directly outside India?

Rediff.com22 Jun 2015

The average rate of rupee depreciation vis--vis the dollar over the last 20 years is around 3.50 per cent per annum

Few tips for investing in real estate monetisation schemes

Few tips for investing in real estate monetisation schemes

Rediff.com8 Jun 2015

Govt should take steps to monetise real estate investment schemes.

This New Year's Eve, change your life forever!

This New Year's Eve, change your life forever!

Rediff.com29 Dec 2014

Act on your good intentions now. You have nothing to lose and everything to gain.

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