General Trading Chat

[bpr]

Found this article.

Now what is "round tripping" and what is "Grandfather clause"

http://www.business-standard.com/ar...o-curb-black-money-menace-116123000871_1.html

Grand father means no retrospective taxation existing investment will not be affected ...

Round tripping means indian guy instead of directly investing the money in India send the money out to offshore company in tax heaven such as Maruti's Cypress Singapore then bring the money in India and invest to avoid or save tax.

Money is round tipping ...



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[timepass]

But the money sent abroad would go through various official channels, wouldn't it ?

Or it has something to do with international hawala ?

Grand father means no retrospective taxation existing investment will not be affected ...

Round tripping means indian guy instead of directly investing the money in India send the money out to offshore company in tax heaven such as Maruti's Cypress Singapore then bring the money in India and invest to avoid or save tax.

Money is round tipping ...



Sent from my Nexus 6P using Tapatalk

 

[vijkris]

But the money sent abroad would go through various official channels, wouldn't it ?

Or it has something to do with international hawala ?

hawala = cash only , i think.
other legal digital payment can be done to shell companies..
eganama papers ?

I am not sure, just guessing.

 

[travi]

Yesterday, while rolling over, I thought just a 15 point premium is awesome so early on in the expiry!

Now it's narrowed even further to 7 points

http://www.traderji.com/members-discussion-forums/103763-fii-fpi-analysis.html#post1196163

Huge sell-off by FII may have been the reason bcos premiums shrunk across all segments.

 

[timepass]

other legal digital payment can be done to shell companies..
eganama papers ?

I am not sure, just guessing.

Legal digital payment through shell companies ?? More info, if possible please.

 

[vikas2131]

just wanted to ask a question..if some contract notes get deleted by mistake...would it possible for broker to send me those contract notes again ???

 

[deba72]

Legal digital payment through shell companies ?? More info, if possible please.

Over-invoicing of imported items..and thereby sending additional dollars outside....

 

[travi]

Legal digital payment through shell companies ?? More info, if possible please.

No need of Hawala

According to the tax treaty between India and Mauritius, capital gains can only be taxed in Mauritius, the same treaty exist with 16 other countries. Thanks to its low 3% capital gains tax, quality regulatory framework, professional labor, geographical proximity, cultural affinities, and historical ties with India, Mauritius is the most attractive conduit for investments into India.

Money goes out thru that route a well

Source:wiki

 

[Satya.]

just wanted to ask a question..if some contract notes get deleted by mistake...would it possible for broker to send me those contract notes again ???

yes,they keep copy.

 

[vijkris]

Legal digital payment through shell companies ?? More info, if possible please.

I have faint idea only. Basically RBI restricts individuals from sending/remitting dollars to other countries (One of the reason individuals cannot trade properly in forex market).

But no restriction for companies. So any amount of rupees can be sent as payment to foreign companies.
So Tata/Ambani can pay billion dollar to a shell company and no one will ask anything.