Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
re: Day trading Nifty & Banknifty Futures
Budget 2014: Good news for middle class! Those earning over Rs 10L can save up to Rs 20k tax
The budget has also enhanced the annual deduction available under Section 80C from Rs 1 lakh to Rs 1.5 lakh. This was a long-pending demand of taxpayers.
The Rs 1 lakh limit was set nearly a decade ago and quickly gets exhausted due to the multiplicity of investments included under Section 80C, a provision that allows investors to reduce their tax liability. The proposed changes can lead to big tax savings for middle-class taxpayers. Those earning more than Rs 10 lakh a year stand to save up to Rs 20,000 annually in tax.
http://articles.economictimes.india...ws/51354694_1_2-5-lakh-1-5-lakh-additional-rs
Budget 2014: Good news for middle class! Those earning over Rs 10L can save up to Rs 20k tax
The budget has also enhanced the annual deduction available under Section 80C from Rs 1 lakh to Rs 1.5 lakh. This was a long-pending demand of taxpayers.
The Rs 1 lakh limit was set nearly a decade ago and quickly gets exhausted due to the multiplicity of investments included under Section 80C, a provision that allows investors to reduce their tax liability. The proposed changes can lead to big tax savings for middle-class taxpayers. Those earning more than Rs 10 lakh a year stand to save up to Rs 20,000 annually in tax.
http://articles.economictimes.india...ws/51354694_1_2-5-lakh-1-5-lakh-additional-rs
re: Day trading Nifty & Banknifty Futures
For getting concessions in Income Tax we have to earn income first...so let us start working towards that...
When I started business, I had a partner...very nice person. He would many times ring me up and say we must have an urgent meeting and in the meeting he would say we must set up a meeting with a good solicitor...I used to say why ? and our total combined income per month is less than the one time fees of a good solicitor.....then his reasoning was yes...but we may soon get lakhs of rupees as income and we must know how to manage that income...I used to tell him boss, let the income be there...then we will see how to manage it....we never had lakhs of rupees as income and never was there a need to meet a solicitor....
Posted just for fun...
Smart_trade
For getting concessions in Income Tax we have to earn income first...so let us start working towards that...
When I started business, I had a partner...very nice person. He would many times ring me up and say we must have an urgent meeting and in the meeting he would say we must set up a meeting with a good solicitor...I used to say why ? and our total combined income per month is less than the one time fees of a good solicitor.....then his reasoning was yes...but we may soon get lakhs of rupees as income and we must know how to manage that income...I used to tell him boss, let the income be there...then we will see how to manage it....we never had lakhs of rupees as income and never was there a need to meet a solicitor....
Posted just for fun...
Smart_trade
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