Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
So in new tax slab you will pay more 
….Check guys and let us know if I am wrong..
Shlok nikal raha hai govt ke liye good its not allowed to say here...Nothing for us
….Check guys and let us know if I am wrong..Shlok nikal raha hai govt ke liye good its not allowed to say here...Nothing for us
even with dedcutons the old system cannot beat new system
80c and other deductons essentially are now obsolete...
here is a quck calculation I did for income of 20 lakh
looks like govt think NRI's earn lots of money so better tax them... This could affect lots of IT employees on short term visit where they are paid per diem instead of salary which use to be non-taxable in their temporary country. Now all this income will be taxable at highest rate
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The government on Saturday announced changes in the Income Tax Act to define a non-resident Indian for tax purposes.
“We’ve made changes in Income Tax Act where if an Indian citizen stays out of country for more than 182 days, he becomes non-resident. So we’ve made some changes, now in order to become non-resident he has to stay out of country for 240 days,” Revenue Secretary Ajay Bhushan Pandey said at a customary post-Budget press conference of the Union finance minister.
But if any Indian citizen is not a resident of any country in the world, he will be deemed to be a resident of India and the government will tax his income.
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The government on Saturday announced changes in the Income Tax Act to define a non-resident Indian for tax purposes.
“We’ve made changes in Income Tax Act where if an Indian citizen stays out of country for more than 182 days, he becomes non-resident. So we’ve made some changes, now in order to become non-resident he has to stay out of country for 240 days,” Revenue Secretary Ajay Bhushan Pandey said at a customary post-Budget press conference of the Union finance minister.
But if any Indian citizen is not a resident of any country in the world, he will be deemed to be a resident of India and the government will tax his income.
IDFC Bank
I have seen interview of Mr Vaidyanathan on CNBC Awaz after the results...he says he has to make large provisions for Vodaphone Idea exposure which his bank has from before the time he took over but he is reducing the large corporate book and increasing individual advances book . The NPAs are bound to be there in large corporate exposure. Every bank has it.This is a sick bank which is being revived and in next 2 years we will see excellent results . So I am staying invested as I found his reasoning honest and good.He took over just 2 years back so we have to give him time to address the previous regime issues.
ITC
This stock always tanks before the budget and then comes up as the time passes...this budget is harsh in tobacco products and that has hit ITC.
Smart_trade
I have seen interview of Mr Vaidyanathan on CNBC Awaz after the results...he says he has to make large provisions for Vodaphone Idea exposure which his bank has from before the time he took over but he is reducing the large corporate book and increasing individual advances book . The NPAs are bound to be there in large corporate exposure. Every bank has it.This is a sick bank which is being revived and in next 2 years we will see excellent results . So I am staying invested as I found his reasoning honest and good.He took over just 2 years back so we have to give him time to address the previous regime issues.
ITC
This stock always tanks before the budget and then comes up as the time passes...this budget is harsh in tobacco products and that has hit ITC.
Smart_trade
bhai, still many articles just getting published.
I'm also trying to wrap my head around it.
Around 70 exemptions have been removed.
now need to compare head-to-head for 2-3 income groups.
HRA ( or housing loan ) used to be a very big component, by removing it what diff it makes needs to be analysed.
From the looks of it, increment of 5% slabs definitely shaves off alot of tax on higher slabs.
A read for some
https://m.rediff.com/business/repor...l-income-tax-raises-customs-duty/20200201.htm
I'm also trying to wrap my head around it.
Around 70 exemptions have been removed.
now need to compare head-to-head for 2-3 income groups.
HRA ( or housing loan ) used to be a very big component, by removing it what diff it makes needs to be analysed.
From the looks of it, increment of 5% slabs definitely shaves off alot of tax on higher slabs.
A read for some
https://m.rediff.com/business/repor...l-income-tax-raises-customs-duty/20200201.htm
Last edited:
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