Day Trading Stocks & Futures

[afin]

No need to panic, COVID-19 is something we can easily conquer: Padma Bhushan Dr D Nageshwar Reddy

https://www.newindianexpress.com/li...ical-expert-dr-d-nageshwar-reddy-2123093.html

But as long as you have religious nuts like these it is very difficult to prevent community transmission. It undoes all the good work done.

https://www.thehindu.com/news/citie...ordoned-off/article31204617.ece?homepage=true

Coronavirus | 200 people from Nizamuddin develop symptoms; area cordoned off

 

[primitivetrader]

But as long as you have religious nuts like these it is very difficult to prevent community transmission. It undoes all the good work done.

https://www.thehindu.com/news/citie...ordoned-off/article31204617.ece?homepage=true

Coronavirus | 200 people from Nizamuddin develop symptoms; area cordoned off

they should not be treated at all. isolate them in the same area and those who don't survive after 14 days bury them/burn them. no need to waste any resources on such idiots

 

[TraderRavi]

But as long as you have religious nuts like these it is very difficult to prevent community transmission. It undoes all the good work done.

https://www.thehindu.com/news/citie...ordoned-off/article31204617.ece?homepage=true

Coronavirus | 200 people from Nizamuddin develop symptoms; area cordoned off

Because of these illiterates we are doomed. They will spread virus over the whole country.

 

[TraderRavi]

commodity traders must be feeling bored as their market is closed when real action starts in US time.

 

[trader.trends]

they should not be treated at all. isolate them in the same area and those who don't survive after 14 days bury them/burn them. no need to waste any resources on such idiots

Perhaps you did not notice that the meet happened on 18th March much before any restrictions were in place.

 

[TradeJoker]

No need to panic, COVID-19 is something we can easily conquer: Padma Bhushan Dr D Nageshwar Reddy

https://www.newindianexpress.com/li...ical-expert-dr-d-nageshwar-reddy-2123093.html

Great article

 

[TraderRavi]

“Whether Financial Year has been changed to June 2020 or merely Date is extended till June 2020?”

Confusion of 31st March 2020 vs 30th June: Frequently Asked Question (FAQ)


CA Naresh Jakhotia


There are lots of confusions as to 31st March vs. 30th June 2020 extension by the announcement of Finance Minister Smt. Nirmala Sitharam.


Here is a FAQ clarifying some of the doubts:

1. Whether the financial year is changed to June 2020 closing?
   No, the financial year closure is not extended. Only the date of compliance which were required by 31stMarch 2020 either by the taxpayers or by the tax authorities has been deferred till 30thJune 2020.

ii. There are lot many benefits which can be availed by the taxpayers as a result of extension of date from 31st March to 30th June.


iii. The fake news about change in the financial year is getting circulated and it has created the chaos amongst the taxpayers. The present announcement by FM is not resulting in the extension of the financial year.

1. Whether deduction u/s 80C can be claimed by making investment in PPF/LIC etc till 30.06.2020? Yes, the persons who have not made investment in PPF/LIC etc which are eligible for deduction u/s 80C can do it now. Even the person can invests in a) National Pension Scheme (NPS) for claiming an additional deduction of Rs. 50,000/- U/s 80CCD(1B). It is over an above deduction of Rs. 1.50 Lakh u/s 80C.
   b) Mediclaim payment for claiming deduction u/s 80D.

• Maximum of Rs. 1.50 Lakh only can be deposited in the PPF A/c. If the person has not deposited any amount till 31.03.2020 & if he wish to deposits it between April to June 2020 then whether he will be able to deposit it again after June 2020 for deduction u/s 80C in the FY 2020-21 (AY 2021-22)? Yes, there is a restriction of Rs. 1.50 Lakh for deposits in the PPF A/c in one year. If the person has not deposited any amount in the PPF Account till 31.03.2020 and if he deposits it in between April to June 2020 then surely he will be eligible for deduction u/s 80C in the FY 2018-19. However, as per the present PPF rule, such person may not be able to invest again Rs. 1.50 Lakh for the FY 2020-21 as there is an yearly ceiling of Rs. 1.50 for deposit in the PPF Account. To take care of this situation, the Government need to amend the PPF rules to provide that Rs. 3 Lakh in aggregate can be invested for the FY 2019-20 & 2020-21.

https://thetaxtalk.com/2020/03/27/w...20-or-merely-date-is-extended-till-june-2020/

 

[TraderRavi]

Industry calls for extended financial year due to coronavirus pandemic

Auditors and industry bodies have called for extending the financial year 2019-20 by three months, till the end of June, amid the coronavirus (Covid-19) pandemic.

Industry representatives recently met officials of the Ministry of Corporate Affairs, seeking among other things, an extension of the financial year on grounds that “any financial statement prepared for April 2019 to March 2020, will not give a true and fair view as it does not represent one complete business cycle of the entity”.

The Confederation of Indian Industry (CII) told the ministry: “With the current backdrop of coronavirus, the entire economy is getting stagnated for at least a couple of quarters, which are a kind of missing quarters for corporates.”

The auditors cited issues such as physical verifications of inventories, fixed assets, balance confirmations, fair-value measurements, and going-concern assessments, which are difficult to carry out under the present circumstances.

https://www.business-standard.com/a...e-to-coronavirus-pandemic-120032900992_1.html

 

[primitivetrader]

Perhaps you did not notice that the meet happened on 18th March much before any restrictions were in place.

I noticed that but ppl must be having eyes and ears to see what is happening and in DELHI was prior to restrictions, restrictions were there.

 

[checkmate7]

commodity traders must be feeling bored as their market is closed when real action starts in US time.

Yes lockdown for commodity traders

Shift to crypto now its legal now