Not good. Chasing quick money, we are all becoming only traders instead of engineers, producers, innovators or creators.
Investors rush into #SpaceX, making it 20% of #India-based #US stock platform volumes on listing day - https://t.co/OfSnw2YoWc
My friend’s brother made ₹4 lakh LTCG from stocks this year.
First ₹1.25 lakh was tax free.
Tax on remaining gain?
Around ₹34,375.
He used his mind..
He booked ₹1.25 Lakh profit on his own name to use exemption.
And gifted the remaining stocks to his wife & sister (they had no LTCG this year).
Each got their own ₹1.25L exemption.
Tax bill → ₹0.
But the bigger challenge came later.
He had almost ₹2 crore profit in mutual funds.
Someone told him about Section 54F — reinvest gains into a residential property and save tax.
Problem?
He already had 2 residential properties.
So he thought of another route.
Transferred the mutual fund units to his mother.
She sold them & bought a residential property.
Suddenly…
₹2 Cr gain → 0 tax.
Tax planning or Tax Loophole ? 🤯
@kuldipsurisView Hmmm. what do you mean by Negative $ growth?
Look at the GDP numbers of any major economy in Gold terms, including US and then tell us which ones are growing well !
@Subhashgarg1960@mkvenu1
@devinamehra Is not it true that when RBI capped the open positions of banks at $100mn a month back, some of the biggest PSB's were forced to book huge losses?
Why nobody is giving any credit to #Bangladesh! Events over last year there, leading to regime change, seems to have a huge effect on #Bengal election results.
#BJP#TMC#TVKVijayHQ
The vertical flight path of the $BIRD is the kind of crazy magnet which is pulling in the investment into US markets. Doesn't matter how the shoemaker will now lace the sole in LLM's
@sumit22gupta@TheClubJunto A 26 % of world's GDP country is commanding 65% of total market capitalization? Ironically everyone seems worried about India valuations.
@Iamsamirarora Why is it looking like part of a bigger design? Markets, currency, energy, tariffs etc etc. What else am I missing here? Recalling what Kissinger had said - "To be an enemy of the US is dangerous, but to be a friend is fatal".
@RenukaJain6 Like the name suggests - every person ( whether a company or its shareholders) pays Tax on their respective Income. No point analyzing the source.
@devinamehra@raman_cbm@LarissaFernand@_anujsinghal@YouTube But here no projections are being made. He is just pointing out certain data sets and is decoding the moving levers of GDP & BoP. Remember even a broken watch tell right time, Twice every day.