Deepak Jain

Sukanya Samriddhi Yojana  (currently giving 7.6% interest) Sukanya Samriddhi Account can be opened any time after the birth of a girl till she turns 10, with a minimum deposit of Rs 250 (Earlier it was Rs 1,000).  ◆In subsequent years, a minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited during the ongoing financial year. ◆ The account can be opened in any post office or authorized branches of commercial banks. ◆The account will remain operative for 21 years from the date of its opening or till the marriage of the girl after she turns 18. ◆ To meet the requirement of her higher education expenses, partial withdrawal of 50 percent of the balance is allowed after she turns 18. ◆ Deposits in the account can be made till the completion of 15 years, from the date of the opening of the account. ◆ The account matures on the completion of 21 years from the date of opening or whenever the girl child gets married, whichever is earlier ◆ income-tax benefit under section 80 C

Tax on stocks sold in the Cash segment (1) Short-term capital gain: when you sell before 1 year. 15% tax on profit. You can carry forward the short-term loss to the next 8 years. (2) Long-term capital gain: when you sell after 1 year and profit is more than 1 lac. 10% tax on profit above 1 lac. You can carry forward the short-term loss to the next 8 years. Long-term loss can be set only against long-term gain. Tax on stocks sell in the Intraday segment then profit comes under speculative business income. It will be taxed according to the individual tax slabs. You can carry forward loss to the next 4 years.  Tax on Mutual Funds (debt funds, bonds, debentures) If sold less than 3 years then taxed according to normal tax slab. You can carry forward loss to the next 8 years and can set off any other income. If sold after 3 years then LTCG and taxed at 20%. You can carry forward loss to the next 8 years and can set off any other LTCG. Also, the benefit of indexation. Dividend income is als

Book Review: Rich Dad Poor Dad by By Robert T. Kiyosaki Best book to understand the mindset of the rich and poor people. It will also show you the path to getting rich. 1. Rich don't work for money, they make money work for them. Read it again: HOW to use your MONEY to MAKE MONEY for you. 2. It just changes our financial viewpoint towards money. 3. It explains why the poor people try to save money, whereas the rich INVEST. Maximize your assets (everything that puts money in your pocket whether you work or not like if you rent your room to someone) and minimize liabilities (everything that drives money out of your pocket like EMIs). 4. Literally, it gives you freedom from MONEY! 5. Your home is a liability and not an asset. 6. It teaches the financial basics like assets vs liability or cash flow. 7. It teaches you how to grow the financial habits of the rich, even when you are not making money. Book Purchase Link: https://amzn.to/3wxMA22

Book Review: THE SECRETS by Rohande Byrne 💝 This book teaches you about the law of attraction, positive thinking, self-belief, and the frequency of our thought processes. 💝 The Law of attraction can be summed up in three words: Thoughts become Things! 💝 It explains that positive thinking will bring more same kind of thoughts and negative thinking will bring more negative thoughts. Whatever you believe will happen in your life. In summary, change your life by changing your thoughts. 💝The Law of attraction determines & controls many other laws like the Law of love, money, health & happiness. Good Life changing book 👌 Book Purchase Link: https://amzn.to/3psys7J

Book Review: Who Moved My Cheese by Dr. Spencer Johnson Key takeaways from this book: 🎁 Change happens. Learn how to deal with it rather than worry about what has happened. 🎁 Anticipate change. There are always signs. Get ready as the cheese keeps moving. 🎁 Monitor change. Smell the cheese often so you know when it is getting old. 🎁 Adapt to change. If you don't change, you can become extinct. Time and tide wait for none. Staying in the comfort zone, dreading change gets you nowhere. In fact, it is fear that prevents us to see greater possibilities. Life is too short to complain or blame others for our misery. The clock won't stop. So does change. Book Purchase Link: https://amzn.to/3cwogG1

Book Review: The One Minute Manager by Kenneth Blanchard The Key Points in this book are beautifully Written 1.One Minute Goals 2.One Minute Praise 3.One Minute Appraisal 4.One Minute Re-Direct This book provides guidelines for improving team performance by clearly defining the goals, roles, responsibilities of team members and making them accountable for their work. It also tells the importance of providing timely and precise feedback. Every manager/team leader must read this book. Book Purchase Link: https://amzn.to/3gbkAvz

Book Review: Men are from Mars, Women are from Venus By John Gray What did this book teach me? 1.All people(especially in a relationship) don't react or respond to situations in a similar way 2. You need to respect & accept the dualities (+ve, -ve) of ur partner, so that love has a chance to blossom 3. It gives Awareness about how the opposite sex behave (both ). What're the primary needs of men n women 4. How to give and receive unconditional love. You can do this by making small changes & without any sacrifice to yourself (character). There are many more and it's hard to express here, so better you experience your own. I really appreciate how John Gary has clearly explained the complex thing in a simple way(metamorphs, examples) Note:-No matter, who you're (single or married ) I suggest you go through this book at least once in your lifetime. Book purchase link : https://amzn.to/3wl5itT

A Love So Special: A Tale of Love and Determination One of the best books I have read so far. It is close to my heart now. While reading, I would just get lost in the imaginary world of Nikhil and Raghu. Nikhil's character looks real-life father who may not have superpowers but can do anything for his kids. Love has many forms and the writer (Deepak Srivastava) has done justice with all types of love father-son, mother-son, sister-brother, love from unknown people, etc. He has captured the real emotion of a father-son relationship. Kudos 👏👏 People of every age can connect to the story. I told it to my mom and she liked it. 3rd chapter is best, my 6yr old son ( GATIK ) liked it very much. Few chapters made me cry as well. This is really a good book. Good movie material. Click to buy