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Nifty View - Jan 2013 |
skd2012
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Joined: 03 Oct 2012
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Post: #286  Posted: Wed Jan 09, 2013 8:02 am Post subject: |
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| apka wrote: | | sw_das wrote: | | apka, it is absurd to tax txns in so many ways and again asking for tax on business income generated through future trading. Some broker analyzed their trading accounts. good 20-30% accounts are in net loss due to STT and other charges. Other wise they would have made profit. |
stt chg for 10 points for 1 lot is about rs.45, thats 1 nifty point, thats not much. Brokerage and transaction chgs take more. Overtrading kills profit. |
STT charge for one lot NF now is around 50-52 rs. Other charges are less than STT with some brokers. But there is no cap in STT. Not sure if you trade in future, if anyone trade with NF and BN predominantly, STT is a killer. More over we do not understand why Govt take this tax and what service they provide to traders?
If anyone make 10L profit, he can get only 2-4L max after giving all charges and income tax (2L will be STT of this). This is applicable for day and scalp trading.
PC introduced this stupid thing, |
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skd2012
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| Post: #287 Posted: Wed Jan 09, 2013 8:10 am Post subject: |
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Also think about who makes marginal profit say 3-4L with the same volume in my previous example. He does hard work and who all enjoy - it is NSE, SEBI, broker, Govt, who not chart provided (sorry for writing this  ), tips provided, internet provided.....all have smiles but traders |
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apka
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| Post: #288 Posted: Wed Jan 09, 2013 8:44 am Post subject: |
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in India only open air remains to be taxed. Even air conditioned in restaurants are taxed. 
anyhow, no use pondering it. Its securities transaction tax and we have to pay it whether its 1 or 1.5 nifty points. If just 1.5 nifty point gives u loss then one should not trade in market. |
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skd2012
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| Post: #289 Posted: Wed Jan 09, 2013 8:48 am Post subject: |
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| apka wrote: | in India only open air remains to be taxed. Even air conditioned in restaurants are taxed.
anyhow, no use pondering it. Its securities transaction tax and we have to pay it whether its 1 or 1.5 nifty points. If just 1.5 nifty point gives u loss then one should not trade in market. |
It is not about giving loss with 1 or 1.5 NF points. It takes away significant portion of profit. All other entities give services...but it is not clear what service is STT for. 
Anyway just a thought. I feel it is stupid thing with no reason. |
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pkholla
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| Post: #290 Posted: Wed Jan 09, 2013 9:29 am Post subject: |
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Das: Most "services" are taxed round the world. (Today we are lucky the tax is not levied by thuggees killing you with their rumaal in an MP forest!) However it is impossible for the Govt to levy Income Tax at source on share sale because Govt or broker cannot determine amount of tax to be levied. Hence they have levied a "small" amount of transaction tax that will alert them to large transactions. They can then chase after these [REMOVED BY ADMIN] who dont want to contribute to Sonia's 27 life blood giving trusts or Rahulbaba's or Priyadidi's (or Prathibha's two round the world trips per month).
Console yourself that death and taxes are inevitable
Prakash Holla |
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skd2012
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| Post: #291 Posted: Wed Jan 09, 2013 9:36 am Post subject: |
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| pkholla wrote: | Das: Most "services" are taxed round the world. (Today we are lucky the tax is not levied by thuggees killing you with their rumaal in an MP forest!) However it is impossible for the Govt to levy Income Tax at source on share sale because Govt or broker cannot determine amount of tax to be levied. Hence they have levied a "small" amount of transaction tax that will alert them to large transactions. They can then chase after these haramkhors who dont want to contribute to Sonia's 27 life blood giving trusts or Rahulbaba's or Priyadidi's (or Prathibha's two round the world trips per month).
Console yourself that death and taxes are inevitable
Prakash Holla |
Prakash if it is targeted for income, then why taxing those who are making loss or making loss due to these charges. I do understand everyone has to pay tax, but this one does not seem to have any rational. Also mind it, it is not a small amount. |
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skd2012
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| Post: #292 Posted: Wed Jan 09, 2013 9:39 am Post subject: |
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| chances are there that we make good jerk in upside today I feel. It can make in a flash |
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rsnerella
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| Post: #293 Posted: Wed Jan 09, 2013 9:43 am Post subject: Nifty view - January |
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Flash time over.  |
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psalm
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| Post: #294 Posted: Wed Jan 09, 2013 9:50 am Post subject: |
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| sw_das wrote: | | chances are there that we make good jerk in upside today I feel. It can make in a flash |
Its gonna be a boring day for Index trading, unless there is some selling I feel.......most probably a small range-bound day.... ...but there could be some action in individual scrips.... |
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skd2012
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| Post: #295 Posted: Wed Jan 09, 2013 10:03 am Post subject: |
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prakash, up or down difficult to tell as market being in range....but there is a possibility exists for up jerk upto 6080-85 NF. Saying this purely from sentiment analysis
need to wait to reach to boiling point or the situation for taking trade. |
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pkholla
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| Post: #296 Posted: Wed Jan 09, 2013 10:09 am Post subject: |
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| Das: May your 6085 NF come true and may Psalm's gloomy outlook come true AFTER that. May God keep both of you "sukhi". I have some Maruti shares waiting to be shorted. I want to contribute to Signora's next trip home to see the bambinos! (Das I am happy you stopped crying over STT! Repeat after me: Life is not fair! ) |
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psalm
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| Post: #297 Posted: Wed Jan 09, 2013 10:30 am Post subject: |
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| pkholla wrote: | | Das: May your 6085 NF come true and may Psalm's gloomy outlook come true AFTER that. May God keep both of you "sukhi". I have some Maruti shares waiting to be shorted. I want to contribute to Signora's next trip home to see the bambinos! (Das I am happy you stopped crying over STT! Repeat after me: Life is not fair! ) |
I'm clueless, Prakash...  ....I have been trying hard to find out what you meant by that for the last 10 minutes or so....still not able to find any answer to my satisfaction....But thank god, I didn't miss anything in the market... even though I was trying to figure out what you meant for the last 10 or 15 minutes.....it was trading at 6010.20 earlier...now when I looked back its trading at 6010.25..  ...Thanks Nifty....  |
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saumya12
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Joined: 21 Dec 2011
Posts: 1509
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| Post: #298 Posted: Wed Jan 09, 2013 10:34 am Post subject: |
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It seems it can blast any time now, up or down but perhaps up
BB narrowed
Moving in desc triangle, taking support at 6036 NF
Am I right in my conclusion
Last edited by saumya12 on Wed Jan 09, 2013 10:38 am; edited 1 time in total |
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vinay28
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Joined: 24 Dec 2010
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| Post: #299 Posted: Wed Jan 09, 2013 10:37 am Post subject: |
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apka, which day opened at 6079NF?
this budget they will apply GARR to terrorists for their investment in India. And also service tax on rapists for their services. Plus tax on gurus like asaram bapu for his services to nation. |
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psalm
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Joined: 12 Nov 2011
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| Post: #300 Posted: Wed Jan 09, 2013 10:38 am Post subject: |
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| saumya12 wrote: | | It seems it can blast any time now |
How I wish!!!!!....  |
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