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The Stock Market thread

KnackChap

By KnackChap,
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Posted by KnackChap,

Stock Market trades and Investments are subject to market risk, Plz read the OP carefully before investing.    This thread is for educational purposes only.  Neither IVG or any of the members are responsible for any trades (good or bad) If you're a new trader always use paper trading before jumping into the real thing. No one can predict the markets 100%. don't believe in those paid tips available online. Do your own research before trading.  Ask be
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KunjanPSD Grand Master

KunjanPSD

Posted
Posted
10 minutes ago, Bird Bird Bird said:

 

Green, Transmission and Power are not hitting national sentiments. ;)

Management is trying its best to make retail investors buy.

Adani Group CFO came on news and used a very restricted definition of pledging, communicating that none of the Ambuja Cement shares are pledged.

In reality, with the correct definition, 100% of those shares are pledged.

 

Everyone knows the truth but trying to turn a blind eye ?

Those FII holdings are bogus.

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Bird Bird Bird Grand Master

Bird Bird Bird

Posted
Posted
1 hour ago, KunjanPSD said:

Management is trying its best to make retail investors buy.

Adani Group CFO came on news and used a very restricted definition of pledging, communicating that none of the Ambuja Cement shares are pledged.

In reality, with the correct definition, 100% of those shares are pledged.

 

Everyone knows the truth but trying to turn a blind eye ?

Those FII holdings are bogus.

 

Bill Ackmann also threw his doubts in Adani group few days ago (he mentioned he has no stake). Considering the exposure this has gotten, I wouldn't doubt if any true FII holder starts liquidating their Adani assets quickly. 

Most FII investment for Adani was still through dubious methods, so we might see false traction. 

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KunjanPSD Grand Master

KunjanPSD

Posted
Posted
1 hour ago, Bird Bird Bird said:

 

Bill Ackmann also threw his doubts in Adani group few days ago (he mentioned he has no stake). Considering the exposure this has gotten, I wouldn't doubt if any true FII holder starts liquidating their Adani assets quickly. 

Most FII investment for Adani was still through dubious methods, so we might see false traction. 

It is false traction.

Majority of the FII investments in the Adani Group are via institutions which are owned/governed by Adani Group itself (dubious methods to conceal this). And according to the laws, it should be counted as Promoted holding and not FII holding.

Although I am sure, our govt. won't let this group fail.  

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KunjanPSD Grand Master

KunjanPSD

Posted
Posted (edited)

Couple of things from this budget apart from the obvious:

1. All foreign remittances, including buying US stocks and spends on cards like NIYO/Fi will attract straight 20% TCS, no threshold spend. Earlier this was 5% post 7L.

   Credit cards are free of this because the spends are not considered as remittances.

2. MLDs or Market Linked Debentures to be classified as debt and any income to be taxed as STCG as per marginal rates.

3. For Insurances where premium > 5LPA, any proceeds over the premium paid will be taxed as per tax slab.

    Basically, you get money tax-free only if you die. Valid for policies taken from 1st April'23.

4. New tax regime, the 2023 one, will be the default going forward and one will have to opt for the OLD scheme.

5. One can invest only upto 10CR capital gains in real estate as tax free, anything more will be taxable.

   Similarly, only 10CR capital gains from real estate can be reinvested tax-free, anything more will be taxable.

 

Will add anything else I find as updates.

 6. If you've been claiming interest on housing loan as a deduction every year, and then when selling, you want to include the interest in the cost of acquisition (currently allowed) you can't do both. One or the other.

 

Edited by KunjanPSD
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Bird Bird Bird Grand Master

Bird Bird Bird

Posted
Posted
23 minutes ago, KunjanPSD said:

All foreign remittances, including buying US stocks and spends on cards like NIYO/Fi will attract straight 20% TDS, no threshold spend. Earlier this was 5% post 7L.

 

So SPENDS will attract 20% TDS (on Fi) ? How does that work ? Fi works as a debit card with Federal Bank. 

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