Team FeeOnly, Author at Fee Only Investment Advisers

Now, make central KYC registry fully operational

Financial, Governments, Press / By Team FeeOnly / February 7, 2022

Ease of doing business rankings enjoys the govt’s attention for obvious reasons. “Ease of living” for citizens does not get the same attention though it can have a high impact on day to day lives of citizens. Many structural reforms have not delivered simply because the last 5% of the work has been dragging for years even though 95% of the hard work has already been done. Electronic toll collection that has not resulted in any significant reduction in pile up before toll booths is a prime example. In the financial sector the Central KYC registry has been in place since 2016 but lack of accountability has ensured that the benefits from this path breaking reform is still awaited while lots of inconvenience is being caused to citizens. Some work has also happened on bank account portability and loan portability without any tangible benefit on the ground. Harsh Roongta’s article in Business Standard.

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Assess your advisor on long-term performance

Financial, Personal Finance, Press / By Team FeeOnly / July 12, 2021

As an advisory firm we get asked by prospective clients about the indicative returns that they can expect. In this article in business standard, using cricketing analogy, Harsh explore why that is such a counter productive question. The headline is a little misleading. Assess your advisor by how comfortable you feel on your journey towards achieving your financial goals – not by how much returns have been achieved. There is no use achieving high returns if your goals are not achieved. Comments welcome

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‘Not Permanently Resident in India’ – a special category under FEMA:

Featured, Financial / By Team FeeOnly / May 20, 2020

‘Not permanently resident in India’ (‘NPRI’) is a very unique concept in Foreign Exchange Management Act, 1999 (‘FEMA’) which is mainly used for expatriates who come to India for employment purposes. In most of the

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Employee Stock Option Scheme – income tax implications in India

Financial, Taxes / By Team FeeOnly / May 20, 2020

Background: Employees Stock Option Scheme or ESOPs as they are commonly referred to, are options given by the employer companies to their employees to buy shares at a future date at a pre-determined price. It

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Residential status of individuals in India under Income tax Act – amendment brought by Finance Act, 2020

Taxes / By Team FeeOnly / May 20, 2020

The residential status criteria for individuals under the Indian income tax Act, so far, were related to his number of days he / she physical stayed in India in a financial year. In order to

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Dividend taxation – going back to the old times

International, Taxes / By Team FeeOnly / April 23, 2020

So by now everybody knows that Dividend Distribution Tax (‘DDT’) is abolished and classical system of dividend taxation is re-introduced. We have tried to explain in this article as to what does this mean and

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Income tax return in India – when to file?

Uncategorized / By Team FeeOnly / March 19, 2020

In this article we will discuss various situations where an individual will be required to file his return of income in India under the Income tax Act (‘the Act’). This article intends to cover scenarios

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Move from debt to equity, but gradually

Financial, Investments, Personal Finance, Press / By Team FeeOnly / March 19, 2020

Harsh really love this article written by him that appeared on Thursday March 19, 2020 a few days before the single day Junta curfew imposed on Sunday March 22, 2020 and the covid lockdown that commenced from Wednesday March 25 , 2020. I vividly remember the atmosphere during that time and the pall of fear and uncertainity surrounding everything that we had always taken for granted till then.

The atmosphere was such that one doubted long held principles in the face of the completely unprecedented situation. I am proud of the fact that the introspection under tremendous pressure helped him to decide to stick to his pre set rules . Now in hindsight the article makes me appear prescient 🙂 but it was a scary ride at that time. As He wrote – courage is not the absence of fear but the ability to act despite the fear 🙂

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Benami Transaction (Prohibition) Act – an overview

Governments / By Team FeeOnly / December 16, 2019

Demonetisation in India had brought on surface a very important fact – the hoarders of ‘black’ money could escape the unpleasant consequences of demonetisation due to various benami transactions. It was learnt that many people

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Remittance outside India by Residents – Liberalised Remittance Scheme

International / By Team FeeOnly / December 12, 2019

Much has been talked about investments by NRIs in India or remittance by them outside India. The Foreign Exchange Management Act, 1999 not only deals with NRI transactions in India, but also provides for

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Team FeeOnly

Vigilance Awareness Week 2025 (VAW2025)

सतर्कता: हमारी साझा जिम्मेदारी﻿ (“Vigilance: Our Shared Responsibility”).

सतर्कता: हमारी साझा जिम्मेदारी (“Vigilance: Our Shared Responsibility”).