INCOME TAX14 Sept 2026
Buying a ₹3 lakh iPhone every 3 years? Know the monthly SIP you need, resale benefit and when EMI makes sense | Mint
If you upgrade to a premium phone every few years, treat it as a planned goal, not a sudden expense. A ₹2,99,900 iPhone can be funded by a monthly investment; selling your old phone for about ₹40,000 lowers that target. Since this is a short-term goal, an expert suggests low-risk options like a recurring deposit or liquid fund, not equity.
Key Statutory Highlights
- Apple lists the iPhone Duo 256GB at ₹2,99,900, while the 512GB, 1TB and 2TB models cost ₹3,24,900, ₹3,74,900 and ₹4,49,900 respectively.
- If you expect ₹40,000 by selling your old phone, your effective goal drops from ₹2,99,900 to ₹2,59,900.
- Prasenjit Paul of 129 Wealth Fund says that for such a short-term discretionary goal, choose low-risk and liquid options rather than taking big equity-market risk.
Actionable Advice for Taxpayers / Founders:Before picking an EMI, decide how much you can set aside each month and check what your current phone may fetch on resale. For a short-term goal like this, consider a recurring deposit or liquid fund and confirm what suits you with your adviser.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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