All stories by Harsh Roongta
Redefined in Budget 2020: Who's an Indian residentRediff.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?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!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?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 youRediff.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 portabilityRediff.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 classRediff.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 furtherRediff.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 hurtRediff.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 checkingRediff.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!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?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?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 marketRediff.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 systemRediff.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 houseRediff.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 usRediff.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?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?Rediff.com12 May 2017
Which is the best home loan? Advice from financial guru Harsh Roongta.
WARNING: Credit card default is costlyRediff.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 noteRediff.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?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!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 2017Rediff.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 refundsRediff.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 reallyRediff.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 IndiaRediff.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?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?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 homeworkRediff.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?Rediff.com11 Apr 2016
Banks will introduce hybrid home loans with stiff penalty on prepayment and shifting.
NPS and EPF should get same tax benefitsRediff.com14 Mar 2016
The 40 per cent exemption benefit is applicable only for employees.
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 delightRediff.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?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 cardsRediff.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 timeRediff.com31 Aug 2015
When the bull run begins its march again, it will really be different!
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 schemesRediff.com8 Jun 2015
Govt should take steps to monetise real estate investment schemes.
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.