General Trading Chat

[Blackhole]

Union Budget 2016 Highlights.

1. Rs. 35984 crores allotted for agriculture sector.
2. Rs. 17000 crores for irrigation projects.
3. Two new Organic farming scheme for 5 lakh acres.
4. Rs. 19000 crores for Gram Sadak Yojana
5. Rs. 9 Lakh Crores Agriculture Credit Target.
6. Rs. 38500 crores for MANREGA, highest ever.
7. Rs. 2.87 Lakh crores to be spent on Villages in total.
8. Rs. 9000 crores for Swach Bharat Mission.
9. Rs. 97000 Crores for Roads.
10. Total Outlay on Roads and railway Rs. 2.18 Lk Crores.
11. Rs. 2.21 Lakh Crores on Infra Projects.
12. NHAI to raise Rs. 15000 crores via NHAI Bonds.
13. More benches for SEBI Appellate tribunal.
14. Registration of Company in One Day for Start-ups.
15. Rs. 25000 crores for Banks rehabilitation.
16. 100% FDI for food processing.
17. Non planned expenditure of Rs. 14.28 Lk Crores.
18. Planned expenditure increased by 15.3% .
19. Relief Section 87A Rs. 2000 to Rs. 5000
20. Relief Sec 80GG Rs. 24000 to Rs. 60000
21. Section 44AD limits Rs. 1 crores to Rs. 2 crores. Rs. 50 Lakh for professional
22. Accelerated depreciation limited to 40%
23. New manufacturing companies will pay tax @ 25%.
24. LTCG on unlisted securities limited to 2 years.
25. 100% tax deduction for companies building houses upto 30 sq. mtrs.
26. Additional interest deduction for first house.
27. No service tax for building houses upto 60 sq mtrs.
28. 10% dividend tax for recipient over Rs. 10 lakh per annum.
29. TCS on purchase of asset over Rs. 2 Lakh in case and luxury cars.
30. VDS Scheme @ 30% + surcharge, Ist June to 30th September 2016.
31. Dispute resolution for appeal pending before Commissioner(Appeals).
32. Penalty for concealment of Income from 100-300% to 50-200%.
33. Rationalisation of TDS provisions.
34. 11 new benches for Income Tax Appellate tribunal.
35. No face to face scrutiny.

 

[amitrandive]

the word "soon" has deep meaning here bro ..

Is this offer for everyone who stayed out

hum senior to nahi hai, still I also stayed out..:lol:

This means you will soon be a senior !!!

Think most of senior traders stayed out, the market is always there to make money.

No point in burning hands due to high volatility.

Becoming a trader is easy , anyone can do that.
But becoming a consistently profitable trader is very hard.
It requires following rules of your system with rock hard discipline.

Like staying out of the market today.Sometimes we have to do that to preserve our capital and live another day.It also gives us fresh perspective , a day off to paper trade our system and yet at the same time be involved in the market.


Just something to read ,

Source:http://en.tradimo.com/learn/trading-psychology/trader-development/

• ... you will go through a psychological process when learning to trade.
• ... there are five stages that you are likely to go through when you learn.
• ... unconscious incompetence is where the trader does not know that they need to learn and trades without any rules or a strategy
• ... conscious incompetence is when a trader understands they need to learn and seeks as much trading knowledge as possible, but still finds it difficult to be successful.
• ... the awakening moment is when a trader understands that the markets cannot be predicted and success comes down to sticking to a strategy – trading over a series of trades.
• ... conscious competence is where a trader now stops trying to pick winning trades, but takes trades according to a strategy – no matter how the trader feels.
• ... unconscious competence is where a trader has an almost automatic mindset and trades with minimum influence of emotion.

 

[wisp]

What can we expect tomorrow of Nifty after two way huge moves today?

 

[TraderRavi]

Under the presumptive taxation scheme under Section 44AD of the Income tax Act, the limit of turnover or gross receipts has been raised to two crore rupees from the existing one crore rupees to benefit about 33 lakh small business people. The scheme frees a large number of such assesses in the MSME category from the burden of maintaining detailed books of account and getting an audit done.

- See more at: http://indianexpress.com/article/bu...rs-here-are-the-details/#sthash.Vqzb5grm.dpuf

 

[deba72]

Auto sector doesn't create jobs to an extent to lift economy.... Demand has to improve of items to improve economy in my belief
By passing on benefits it will at the most leave few thousand on saving in fuel....
Do you see a price change in local items needed in day to day use... Considering crude at 70-80 $ to now
Demand is not there...this is the story in every sector reflected in earnings so far...
If prices have dropped volume will improve if demand of item is there...
Pls correct if my understanding is wrong

In all countries and also in India, Automotive and Manufacturing sectors plays major roles in job creation. With the rural sector in complete distress, exports down and manufacturing & automotive sectors not growing, where from the demand & growth would come?

 

[vikas2131]

In all countries and also in India, Automotive and Manufacturing sectors plays major roles in job creation. With the rural sector in complete distress, exports down and manufacturing & automotive sectors not growing, where from the demand & growth would come?

The largest employer in india is agriculture and that is where a great deal of money will be spent apart from infrastructure...

Actually its not the manufacturing sector ..its the service sector which is responsible for job creation in india..

 

[Smart_trade]

Under the presumptive taxation scheme under Section 44AD of the Income tax Act, the limit of turnover or gross receipts has been raised to two crore rupees from the existing one crore rupees to benefit about 33 lakh small business people. The scheme frees a large number of such assesses in the MSME category from the burden of maintaining detailed books of account and getting an audit done.

- See more at: http://indianexpress.com/article/bu...rs-here-are-the-details/#sthash.Vqzb5grm.dpuf

This section does not mean that upto 2 cr turnover there is no tax.This means that if turnover is less than 2 cr and you declare 8% of the turnover as profit, then there is no need for maintaining books of accounts and audit.

On Rs 2 cr turnover under presumptive taxation one has to pay tax on taxable amount of Rs 16 Lakhs. Above Rs 2 cr turnover,books of accounts required and audit to be done.Main problem is for small businesses below 2 cr turnover who do not have Rs 16 Lakhs as profit. They have to maintain books of accounts though audit is not necessary

Smart_trade

 

[eku]

I think what ST bro said - Focus on increasing your income instead of saving tax will be better - can't depend on anyone - khudi ko bulund kar itna ki khuda puche bata teri raza kya hai

Khudi ko kar buland itna..
Khudi ko kar buland itna ki Khuda bande se khud puchhe, "chal bata,agle saal kitna tax bharega aur garibo me langar kab baatega.."

 

[bpr]

Now I think that I should start looking at Long Term Charts & Fundamental analysis for getting LTCG benefits and reduce Options Trading [what a jump in STT on Options]...

why bother next year LTCG is coming ...

 

[deba72]

The largest employer in india is agriculture and that is where a great deal of money will be spent apart from infrastructure...

Actually its not the manufacturing sector ..its the service sector which is responsible for job creation in india..

Thats where the root problem lies.. if 80% of the population depends on a sector which generates 16% of the gdp per capita income for that sector would never go high and farmers would remain poor.. challenge is to bring more and more people from farm sector to manufacturing and services... so that everyone benefits.