Prajna Capital |
| No TDS on Post Office Recurring Deposits Posted: 27 Oct 2015 03:47 AM PDT Post Office Recurring Deposit Tax ExemptionIn Budget 2015, one of the major changes was to put recurring deposits under the ambit of TDS. Earlier TDS was used to be deducted on the interest earned from fixed deposits as well as savings bank account but via budget 2015, definition of Term/Time Deposits was amended to include recurring deposits and levy same tax as on other term deposits. Budget 2015 had not clarified whether the TDS is to be deducted from interest earned on recurring deposit scheme of banks or post office or both. It simply takes recurring deposits under the purview of TDS irrespective of being bank recurring deposits or postal recurring deposits. But this had dissuaded people to save and invest in small savings scheme like recurring deposits.
Succinctly, The onus of paying tax on the interest income is on the taxpayer in case of post office recurring deposit scheme and he should include the interest income from recurring deposits in the total income while calculating the tax liability. Tax on Recurring Deposit Scheme
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. IDFC Tax Advantage (ELSS) Fund 4. ICICI Prudential Long Term Equity Fund 5. Religare Tax Plan 6. Franklin India TaxShield 7. DSP BlackRock Tax Saver Fund 8. Birla Sun Life Tax Relief 96 9. Reliance Tax Saver (ELSS) Fund 10. HDFC TaxSaver
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online
Invest in Tax Saver Mutual Funds Online For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 | ||||||||||||
| Posted: 27 Oct 2015 02:21 AM PDT Share trading is considered as one of the most risky ways of earning money in short time because it requires skills, knowledge as well as luck to be successful trader.  Bull Market vs Bear Market Share trading can be bifurcated into three categories Investors, Swing traders and Intraday traders. Investors are the one who follow fundamental analysis and invest in company having strong numbers. The fundamental analysis includes P/E ratio, EPS, Debt to Equity, Interest Coverage Ratio etc. Investors hold shares for a long term ranging from 3 years to 10 years. We have lots of example of successful investors who have taken share trading as a profession and became billionaire such as star investor Rakesh Jhunjhunwala, Radhakishan Damani etc. Swing trading and Intraday trading can be termed as cousins because both trading practices aims to make short-term profits based on technical analysis aka price fluctuations in the market. While day trading involves buying and selling in a same day, swing trading means buying and holding stocks for few weeks before selling to take advantage of rally. I have also started share trading few months ago. Without guidance and required skills I jumped into share trading and fortunately got some serious bucks in few weeks. But then comes the "Black Monday "August 24th, I have lost all my gains as well as was forced to shed huge money from my pocket too. That time I have started reading online about share trading and got to know some useful tips which I am sharing here. These tips are the key principles of the legendary trader Jesse Livermore. Tips for Successful Share TradingNo Trading with Borrowed CapitalThe first and foremost principle of share trading is to never borrow capital to invest in share market. Also the capital should not be the part of your core savings. It should be your idle cash sitting in FD or savings account with no certain use. Do not invest all your money at onceTrend is your Friend and you should flow with it. However, instead of investing all your money at once, you should spread it in equal intervals to minimize your chances of making loss. For example suppose you want to buy 800 share of SBI. Start with buying 200 shares and then see the trend of the stock, if it keeps rising than buy the next lot of 200 and if the trend continues than buy the remaining 400 shares. This way you can increase your chances of booking profits. Do not invest all your money in one stockWorst mistake of share trading is putting all your eggs in one basket. You should choose shares from different sectors to avoid getting trapped and minimize your chances of making loses. Suppose you have Rs.2 lakhs to trade with, so rather putting all your money in one sector say banks, spread it in at least 4 shares of different sectors. Such as going with SBI, Sun Pharma, Airtel, ITC rather than sticking with only one sector. Never lose more than 10% of your Capital InvestmentDo not stick with weak stock. Capital Protection is very important for trader to survive in share market and if you find your invested stock is falling beyond 10%, exit from it straightway. Also the key to success is a stop-loss order. Stop-loss restricts your losses at certain level. Suppose you are buying a share of Rs.100 and set a stop loss at Rs.95, than as soon as the share price hit Rs.95, the share would be sold automatically and your looses would be limited to Rs.5 only. While entering in a trade you must decide the amount of loss you are willing to take. nother important rule is to exit from your positions if you brokers calls and asks for more margin money or cash due to reduction in stock price. Share trader should never average out and become involuntary investor. He should rather book losses and wait for the right time to enter again. Always keep cash reserveMarket keeps providing opportunities to buy quality stocks below their fair price but you can take benefit only if you have enough money. On 24th August many quality stocks nosedived and gave window of opportunity for share trader to earn handsome money. This opportunity was grabbed only by the traders having enough cash reserves. Few of the stocks were jumped as much as 30% within few days such as YES Bank made low of Rs.590 on 24th August and currently it is trading at Rs.770. But do also remember, if you miss a good opportunity, don't worry market will give another chance. Don't buy or sell without any reason Share Trading Tips Never do baseless trading or illogical trading. Also stay away from trading purely based on some news because it takes few minutes for stock price to adjust to any news. You should have some solid reasons to enter and exit from stock. Just because stock is gaining little momentum and appreciated a few points is not the reason to sell it. Till the time overall market and stock does not show weakness, hold your positions. The golden rule says cut your losses and let your profits run. Further, don't be too greedy, you should decide the amount of profits you wish to make before entering into any trade. As soon as the profits are met, sell half of your shares and book profits. This way you can cherish the rally as well as maintain the cash reserve. Do not trade with Volatile Shares but not High VolatileVolatility means Beta i.e. fluctuation in price of share in comparison to stock market. Let's say stock market is up by 2% and your stock is also up by 2% than it is said that Beta of your stock is 1. Similarly if the stock is fluctuated twice the movement of stock market, than the Beta of share is 2. Trader should trade with the stock having Beta less than 2.5 because chances of high volatile share to trigger the stop-loss is very high and you would be making losses in your trades instead of booking profits. Words of WisdomDo you think you can immediately start share trading with all these tips? The answer is big "NO". One needs to have discipline and should develop few skills, including the ability to understand technical chart and analysis before beginning share trading. Always Remember "Trading is a simple process, but not easy". Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. IDFC Tax Advantage (ELSS) Fund 4. ICICI Prudential Long Term Equity Fund 5. Religare Tax Plan 6. Franklin India TaxShield 7. DSP BlackRock Tax Saver Fund 8. Birla Sun Life Tax Relief 96 9. Reliance Tax Saver (ELSS) Fund 10. HDFC TaxSaver
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online
Invest in Tax Saver Mutual Funds Online For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 | ||||||||||||
| Posted: 27 Oct 2015 01:41 AM PDT It all started with a visionary Maharaja's uncanny foresight into the future of trade and enterprising in his country. On 20th July 1908, under the Companies Act of 1897, and with a paid up capital of Rs 10 Lacs started the legend that has now translated into a strong, trustworthy financial body, THE BANK OF BARODA. Bank of Baroda offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, credit cards and asset management. It is also active in retail lending with strong presence in home loans, personal loans, car loans, credit cards, loan against property and education loans. Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. IDFC Tax Advantage (ELSS) Fund 4. ICICI Prudential Long Term Equity Fund 5. Religare Tax Plan 6. Franklin India TaxShield 7. DSP BlackRock Tax Saver Fund 8. Birla Sun Life Tax Relief 96 9. Reliance Tax Saver (ELSS) Fund 10. HDFC TaxSaver
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online
Invest in Tax Saver Mutual Funds Online For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 |
| You are subscribed to email updates from Prajna Capital - An Investment Guide. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment