I’ve traded with volume for 7 years
Lost $15k the first 2 years because I was taught how to read volume WRONG
Learning volume the right way was the #1 reason I become a full-time trader
ATTENTION TO ALL TAXPAYERS
As per my Tax Advocate, Income Tax Notice may come on these 5 Cash Transactions.
Check Details :
1. Bank Fixed Deposit:
Cash deposit in bank FD should not exceed Rs 10 lakh. The Central Board of Direct Taxes (CBDT) has announced that banks will have to disclose whether individual deposits in one or more fixed deposits exceed the prescribed limit.
2. Savings Account Deposit :
The limit for cash deposit in a bank account is Rs 10 lakh. If a savings account holder deposits more than Rs 10 lakh during a financial year, the Income Tax Department can send an Income Tax notice. Meanwhile, cash deposits and withdrawals in a bank account that cross the limit of Rs 10 lakh in a financial year should be disclosed to the tax authorities. In current accounts, the cap is Rs 50 lakh.
3. Credit Card Bill Payment :
As per CBDT rules, cash payments of Rs 1 lakh or more against credit card bills should be reported to the Income Tax Department. Additionally, if 10 lakh or more is paid in a financial year to settle credit card bills, the payment should be disclosed to the Income Tax Department.
4. Sale or Purchase of Property
The property registrar will have to inform the tax authorities about any investment or sale of immovable property worth Rs 30 lakh or more. Therefore, in the purchase or sale of any real estate property, taxpayers are advised to report their cash transactions in Form 26AS as the Registrar of Property will definitely report the same.
5. Investment in Shares, Mutual Funds, Debentures and Bonds
Investors investing in mutual funds, stocks, bonds or debentures should ensure that their cash transactions in these investments do not exceed Rs 10 lakh in a financial year.
Income Tax Department has prepared the Annual Information Return (AIR) Statement of Financial Transactions to trace high-value cash transactions of taxpayers. On this basis, the tax authorities would collect details of transactions of abnormally high value in a particular financial year.
Any CA or Tax Advocate may add more points in this list.
ALL IPO INVESTORS - BOOKMARK THIS TWEET
There is lot of confusion amongst IPO Investors regarding Allotment Procedure in HNI Category in IPOs.
I am sure tht after reading this post, all of your doubts will clear.
🔮Allotment Procedure in Main Board IPOs-
Any amount which is above Rs. 2 lakh will be considered as HNI.
🔮Big HNI Category (Above Rs. 10 lakh):
-Allotment Procedure is lottery based (same as Retail)
-Apply Minimum lot of Rs 10 lakh from different PANs of family, if IPO is oversubscribed and you are selected under lottery then you will get 2 lakh rupees worth of shares.
-Allotment is easy in this category if we compare with Small HNI.
🔮Small HNI Category (Between Rs. 2 to Rs. 10 lakh):
-Allotment Procedure is lottery based (same as Retail)
-Apply Minimum lot of Rs 2 lakh from different PANs of family, if IPO is oversubscribed and you are selected under lottery then you will get 2 lakh rupees worth of shares.
-Allotment is tough in this category if we compare with Big HNI.
________________________________
🔮Allotment Procedure in SME IPOs-
-Any amount which is above Rs. 2 lakh will be considered as HNI.
-Allotment Procedure is different from Main Board IPOs. Its Proportionate in SME IPOs.
-There are no Big or Small HNIs in SME IPOs.
🔮EXAMPLE 1 -
HNI ALLOTMENT PROCEDURE IN BOOK BUILDING SME IPOs
-If HNI Subscription is 15 times then apply at least 15 lots to get 1 lot else it will go in lottery
-If HNI Subscription is 25 times then apply at least 25 lots to get 1 lot else it will go in lottery
If HNI Subscription is 75 times then apply at least 75 lots to get 1 lot else it ll go in lottery
If HNI Subscription is 150 times then apply at least 150 lots to get 1 lot else it ll go in lottery
If HNI Subscription is 350 times then apply at least 350 lots to get 1 lot else it ll go in lottery
And So On.....
🔮EXAMPLE 2
Calculation of chances under HNI Category in Proportionate Allotment in Book Building SME IPOs:
If HNI subscribed by 500x
-You apply 2 lots then:
2/500x100 = 0.4% chances of getting 1 lot
-You apply 10 lots then:
10/500x100 = 2% chances of getting 1 lot
-You apply 250 lots then:
250/500x100 = 50% chances of getting 1 lot
-You apply 500 lots then:
500/500x100 = 100% chances of getting 1 lot
And So On ...
Hope this post was useful 🙏🏻
In case of any doubt, please post in comments section.
Lets understand Price action!
Example- 01
After such a huge move this type of stocks will definitely be talk of the town or at least make to our watchlists.
The main thing here is after such huge 37% move it went side ways with not so heavy volume and volume even going down.
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