General Trading Chat

[augubhai]

augubhai you downloaded, read, understood and traded also :thumb:


Happy

No, my problem is that I never understand.

That was a paper trade based on my assumptions about the system, before I downloaded. I used M5 and 35 EMA for that paper trade. Still reading...

 

[vagar11]

augubhai you downloaded, read, understood and traded also :thumb:


Happy

Rajnikant Style :thumb:

 

[Smart_trade]

30% Income Tax + 10 % penalty +33.3 % surcharge on Income Tax...total comes to 50 % for undisclosed income.....Govt tables IT act amendment bill in the Parliament....

Smart_trade

 

[vivektrader]

30% Income Tax + 10 % penalty +33.3 % surcharge on Income Tax...total comes to 50 % for undisclosed income.....Govt tables IT act amendment bill in the Parliament....

Smart_trade

Sir, would this be on those who now come forward to disclose and own their income?
What about the resistant ones who are caught by authorities?

Vivek

 

[Happy_Singh]

30% Income Tax + 10 % penalty +33.3 % surcharge on Income Tax...total comes to 50 % for undisclosed income.....Govt tables IT act amendment bill in the Parliament....

Smart_trade

50% is very soft . . .

All it will do is reduce the rates at which money changers are operating now . . .

Any amnesty schemes once again proves just that, the tax paying public are big fools . . .

Remember the cash being deposited is not 100% of the black/unaccounted income its just a small part of it . . .

Not very encouraging for salaried class or honest (or compulsive) tax paying crowd

by compulsive means guys who are 100% on digital platforms like trader


Happy

 

[NoviceStockTrader]

Sir, would this be on those who now come forward to disclose and own their income?
What about the resistant ones who are caught by authorities?

Vivek

If you do not disclose now and should you be caught later then its is going to be 75%tax + 10% penalty.

If you disclose now it is 50% tax. You can at least enjoy the remaining 50% after the lock in period of 4 years. The government is using this carrot to lure out the last one hiding in the borrows. This way the govt will end up having more money in its coffers.

Btw, How much are you planning to resist?

 

[vivektrader]

If you do not disclose now and should you be caught later then its is going to be 75%tax + 10% penalty.

If you disclose now it is 50% tax. You can at least enjoy the remaining 50% after the lock in period of 4 years. The government is using this carrot to lure out the last one hiding in the borrows. This way the govt will end up having more money in its coffers.

Btw, How much are you planning to resist?

Don't worry about me, I am not having any.

Vivek

 

[vagar11]

If you do not disclose now and should you be caught later then its is going to be 75%tax + 10% penalty.

If you disclose now it is 50% tax. You can at least enjoy the remaining 50% after the lock in period of 4 years. The government is using this carrot to lure out the last one hiding in the borrows. This way the govt will end up having more money in its coffers.

Btw, How much are you planning to resist?

Govt should give option of locking that 50 % money in Mutual funds.

 

[ap*]

https://m.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=38721

ST sir and other seniors here can you please elaborate on the implications if any for us.

 

[phoenixbird]

DeMark sequential has finished a buy set up yesterday in Nifty. After buy set up, the market takes a small antitrend rally and then count down starts....so 13 more countdown days which are not consecutive...so the bottom likely after 3 weeks approximately.

Smart_trade

ST Sir/Others,

Can you clarify what means by "After buy set up, the market takes a small antitrend rally and then count down starts".

After buy setup means, reversal from short to long? and antitrend rally means a small long rally against the overall short downstrend?

thanks