General Trading Chat

[blackberry]

More TaX on Stock market gains !!!! SAD

 

[travi]

I would let the exact plans/taxes be announced rather than meagre speculation.
So if NS is -100 tomo, then the day it takes effect another -500 :lol::lol:

Anyway, Traders are STCG(Short T Cap Gain) & already paying fair taxes.

I feel the tax changes would be targeting LTCG which are tax free.
That means non-trading community that only invests in equity as well.
Therefore, I don't see only traders being targeted.

 

[TraderRavi]

I would let the exact plans/taxes be announced rather than meagre speculation.
So if NS is -100 tomo, then the day it takes effect another -500 :lol::lol:

Anyway, Traders are STCG(Short T Cap Gain) & already paying fair taxes.

I feel the tax changes would be targeting LTCG which are tax free.
That means non-trading community that only invests in equity as well.
Therefore, I don't see only traders being targeted.

STT should be made 10% of what it is now
other charges are ok
yesterday counting total no of charges in zerodha ledger , there are seven type of charges :sos::sos:

 

[cinderblock]

Correct that short term traders are already paying more than fair share of tax and I doubt if theres any further scope of increase.

But the impact of LTCG on sensex will be much sharper. If long term capital gains are brought on par with other long term gains tax, expect a 10% selloff atleast. Say even after a 5% fall investors will be willing to take 5% hit rather than pay 10% tax and therefore prefer to sell - setting off a chain reaction.

Ltcg therefore if introduced will need to be gradual and spread out. I think this will be a case of the market reaction dictating the governments action.

 

[cloudTrader]

I have been using BSNL broadband since 2007. Rare issues... I am from a small town in Gujarat.... Service here is quite good... issues, though rare, mostly get resolved in 30 min to one hour if not major issue...

In Rest Of India ...BSNL means , Bhai Sahab Nahin Lagega .. :rofl: :rofl:

Poorest service I ever experienced from any service provider for data needs.The technicians are mostly of medieval age.

 

[travi]

I'm even pro taxing Agricultural Income above a certain income.
Then I think (maybe bcos of my ignorance somewhere),
Agri income is like Selling Options and therefore is so incentivised by the Govt.
Like the option Greeks, there are Agri Greeks, all working against a single position how can a farmer hedge, there should be Rain futures and Options.

 

[TradeJoker]

In Rest Of India ...BSNL means , Bhai Sahab Nahin Lagega .. :rofl: :rofl:

Poorest service I ever experienced from any service provider for data needs.The technicians are mostly of medieval age.

For bsnl technicians MB means Master Bedroom, KB means Kichen bowl, GB means Garbage bag:lol::lol:

 

[vivektrader]

Taxes from stock market are a easy meat, I mean no one will oppose if u tax a trader or investors more?
I believe capital gains of more than 10lacs will be taxed more.

Sent from my AO5510 using Tapatalk

There is no plan to impose long term capital gains tax, as clarified by Jaitly, so hold your support for Modi at least for the time being.

Vivek

 

[vivektrader]

You may be correct regarding other points but you are wrong technically regarding BSNL.
Their speed is 2 Mbps and not 2MBPS.
2 Mbps is equivalent to 200 KB/s, and you are getting correct speed according to your plan. So please don't blame BSNL for speed atleast.
(1100 per month is huge amount for that speed though)

Mbps is Mega bits per second, as 8bits constitute a byte, so a 2Mbps speed translates into 2/8 i.e. 0.25Mega bytes per second (0.25x1024=256KiloBytes per second) download speed.


Vivek

 

[ravi2126]

https://twitter.com/CNBCTV18Live/status/812992559152824320/photo/1

Government not planning to impose any long-term capital gains