[ad_1] MUMBAI : Foreign portfolio investors (FPIs) had amassed a record 153,404 short contracts on Nifty and Bank Nifty futures as of Tuesday, a day before the Reserve Bank of Indiaās Monetary Policy Committee (MPC) begins its three-day meeting (5-7 February). Markets widely expect a 25-basis-point rate cut. āThese shorts are at a record high,…
[ad_1] The protagonist, a farmer from a small town near Bengaluru, is now facing a staggering ā¹69 crore tax demand. The man did not wish to be identified, so we will refer to him as AN for ease of narration. What began as a brief stint in futures and options (F&O) trading a decade ago…
[ad_1] But first, whatās a portfolio investment scheme? Itās an arrangement introduced by the Reserve Bank of India to enable NRIs to invest in the stocks of Indian companies, and allows for both repatriation and non-repatriation of profits. But there are differences in PIS and non-PIS accounts that you need to consider before deciding on…
[ad_1] Groww Invest Tech Private Limited (GIT), also known as the brokerage firm Groww, has launched new features to reduce losses for futures and options (F&O) traders in the country, according to the company’s press release on Tuesday, August 27. F&O Pause, Safeguard, and Safe Exit are the three features that Groww launched to safeguard…
[ad_1] Here is SP (name withheld on request), who narrates his story offering valuable lessons for anyone considering entering the high-risk world of options trading: Over the past eight to nine years, I lost approximately ā¹60 lakh in options trading, a loss so severe that I am now deeply in debt, which is almost that…
[ad_1] āWatching business channels on mute is key to my success,” claims a 13-year-old self-proclaimed āworldās youngest successful options trader” on financial influencer Vivek Bindraās YouTube channel. Bindra, who has 21 million followers, features the young trader, who asserts she earns at least ā36-40%” annually from options trading. This is part of a growing trend…
[ad_1] You submit documents not just once but repeatedly over time. Failure to do so can result in your accounts being frozen, blocking further transactions. This rigorous process is part of anti-money laundering guidelines ensuring institutions have up-to-date customer information. The KYC paradox However, while institutions verify your credentials, you seldom scrutinize the qualifications of…
[ad_1] NEW DELHI : Ahead of the Union Budget 2024-25, rumours were rife that tax on futures and options (F&O) would be increased to curb the increasing retail participation in the derivatives market. But while the Centre didn’t touch F&O, barring a nominal increase in securities transaction tax (STT), it increased tax on short- and…
[ad_1] Budget 2024: In a shock to investors, Finance Minister Nirmala Sitharaman, in her presentation of the Union Budget for FY 2024-25, announced several key tax changes impacting capital gains and trading activities. FM announced that the long-term capital gains tax rate on all financial and non-financial assets will rise from 10% to 12.5%, with…
[ad_1] The idea is to use it as a tax book while filing returns. However, instead of easing compliance, it has often increased the burden on taxpayers mostly because details related to equity transactions in the statement are inaccurate. To make matters worse, the onus of fixing the errors lies with the taxpayers.Ā Experts said…
