Building a DIY 5.1 Audio Video Receiver – Part 1

Alright, you already know the story of my electronics going puff during a power surge. One of the electronics that got burnt was my unnecessarily expensive Pioneer 5.1.2 AVR. The reason I put emphasis on unnecessary is because I rarely used all the features of the device. Don’t even know why I spent all the money :). After it stopped working, I opened and checked everything that I could figure out. But I didn’t notice any obvious problems. The AVR just boots up, turns on the amplifier relay and turns off. Since it failed during COVID lock down, I couldn’t … Continue reading “Building a DIY 5.1 Audio Video Receiver – Part 1”

Tax Filler Script

The Indian tax filing has become even more tedious now. Going forward, starting from assessment year 2020-21 (financial year 2019-2020) one needs to report each and every equity redemption that results in long term capital gain in Schedule 112A. It used to be optional last year. Instead of reporting every transaction you could just report the aggregate value. But it is not optional anymore. This increases the burden on the tax payer especially if you have made a lot of small transactions. This change applies only to equity transactions that have incurred long term capital gains. So the debt transactions … Continue reading “Tax Filler Script”

Money Is Infinite. But Time Is Limited

I used to have a comfy and very well paying job until I decided to retire early in 2018. I can’t imagine why anyone would give up such a good job and ridiculously good benefits that I used to enjoy at work. But at some point in life, it is conceivable that one could slip into philosophy. That happened to me. Money has never been a primary motivation for me, but it did enjoy some importance in my life. After my philosophical journey, money seems so insignificant and unimportant. Don’t get me wrong. You need a handsome amount of savings … Continue reading “Money Is Infinite. But Time Is Limited”

The Minimalist Wardrobe

If you have read the post on my expenses, you would have noticed “wardrobe” expenses conspicuously missing. I quietly shoved them into the miscellaneous expenses. Still, a few people noticed and asked me — “what about your clothing, shoes etc expenses”. Well, I am not much of a shopper and after the brush with minimalism, the desire to buy more clothes has vanished into oblivion. As you probably already know, once or twice a year, we do a clean-up of all the things we own. We go through everything and donate, recycle or throw away anything that was not used … Continue reading “The Minimalist Wardrobe”

SEBI Modifies Multi-cap Fund Classification

What happens when a regulator tries to over regulate? This happens. BSE small-cap is up 4%. The reason? SEBI released a circular on September 11, 2020 requiring all multi-cap funds to hold at least 25% of total assets in large-cap, mid-cap and small-cap companies. It feels a bit weird to have this kind of limitation on a multi-cap fund. If 25% of assets are invested in small-cap companies, it will drive up the investment in the small-caps. It will basically drive up the prices of small-caps. Why was this decision taken? SEBI released a clarification on September 13, 2020 as … Continue reading “SEBI Modifies Multi-cap Fund Classification”

How And Who Should Pay Advance Tax

I just payed my second installment of advanced tax, so I thought I will write down the procedure. It will be like a reference for me in the future and might help some one as well. It is actually a pretty simple process that does not really warrant a post, but here we go anyway. Who should pay advance tax? If the computed payable tax for a year exceeds Rs. 10,000, then you are liable to pay advance tax. For most salaried individuals the payable tax probably will not exceed this amount because your employer pays tax (TDS) on your … Continue reading “How And Who Should Pay Advance Tax”

How To Make Bio-Enzymes – Part II

This post continues from where I left off on Bio Enzymes. If you have not read that post, please start there. Once you have prepared the bio-enzyme, you can bottle them for different uses. I am including a video (see end of the post) showing the same. There are three layers of the bio-enzyme — a thin translucent layer, a thick layer and finally the pulp. The thin layer is the topmost layer, which can be readily used in the washing machine and floor cleaning. The thick layer is the middle (second) layer which can be used for dish washing, as … Continue reading “How To Make Bio-Enzymes – Part II”

Real Estate Investment vs Equity Investment

While you know my aversion to real estate investment in India, I don’t discourage anyone from investing in it. If you don’t mind the corruption related to property deals, you might make more than simply investing in equity and debt mutual funds. But before you decide which way to go, make some informed decisions. In this post I will try to simplify some calculations which can help you guide in the right direction. I will also mention some risks involved in each of those asset classes. Buying a property Lets take an example to make it easy. You will have … Continue reading “Real Estate Investment vs Equity Investment”