General Trading Chat

[vijkris]

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 ???

but contract notes can be downloaded through back office as well na??

 

[bpr]

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

Or it has something to do with international hawala ?

Yes...

Even If white money goes also tax on further income is avoided.



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[timepass]

If I travel abroad, I am allowed to take $2,50,000 with me. Suppose I travel abroad and spend only $50,000 and park the rest with some investment company in Singapore, how does it return to me in India ??

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

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

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.

Yes...

Even If white money goes also tax on further income is avoided.



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[vijkris]

If I travel abroad, I am allowed to take $2,50,000 with me. Suppose I travel abroad and spend only $50,000 and park the rest with some investment company in Singapore, how does it return to me in India ??

Contact Axis bank.

They will open shell account for you here thus u Can accept any amount. :rofl:

(someone else having more idea, CA's preferably, please answer.)

 

[sree26]

FII Activity for December

 

[vivektrader]

ST sir, just remembering that for me 2016 started auspiciously (on TJ), when you answered one of my first queries, was still losing money but was elated to read your response.
As a doctor I have always been indebted to my teachers, as a trader (don't know whether I qualify for that),would always be indebted to you.
Wish you a very happy and prosperous new year.
Thanks

Vivek

 

[vivektrader]

Warm wishes to all my TJ fellows, may the new year bring even more cheer and happiness in your lives.
May the green colour be the only colour in your MtoM column .

Vivek

 

[timepass]

Prime Minister's speech : Sops for low cost housing, some farm loans, pregnant women, senior citizens and small businesses.

Maybe microfinance companies and realty scrips will be affected on Monday.

More importantly for us traders, there was something about assumed profit calculated at 6% instead of 8%. Something about limit being raised from 1 crore to 2 crore...

 

[Singhraja]

Hi I have query suppose I am trading with any person on profit sharing basis . And if he demand 60:40 then how can I pay as I am already paying 30% tax and short term capital gain is also 30% taxable after giving 40% to him I left with very less. Any way to tackle that situation . He is not send registered PMS

 

[Sidz]

Seniors citizen getting assured interest of 8% for 10 years upto 7.5 Lacs might be a dampener?