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Lesson Posted on 02 Apr Financial Planning/Stock Market Investment

How to you go about creating massive wealth?

Rahul Jain

Have worked as an equity analyst for more than 15 years. Now into full time investing.

That includes among many other things: 1. Self-education 2. Improving your skills 3. Ensure alignment of your own goal with your work Once you have a steady calling and generate cash, it's only logical to ensure the money is best utilised towards ensuring it compounds over time. read more

That includes among many other things:

1. Self-education

2. Improving your skills

3. Ensure alignment of your own goal with your work

 

Once you have a steady calling and generate cash, it's only logical to ensure the money is best utilised towards ensuring it compounds over time.

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Answered on 14 Mar Financial Planning/Stock Market Trading

Kunal Kishore

Trainer

Hello Pankaj, Picking of Stocks according to your trading strategies is very easy. Some of the useful methods are following: 1. 52 week high-low 2. Volume gainer stocks 3. Volume loser stocks 4. Filteration using Patterns 5. Breakout Strategies And still there are so many ways even you can use some... read more

Hello Pankaj,

Picking of Stocks according to your trading strategies is very easy. Some of the useful methods are following:

1. 52 week high-low

2. Volume gainer stocks

3. Volume loser stocks

4. Filteration using Patterns

5. Breakout Strategies

And still there are so many ways even you can use some of the websits for screening acording to the strategies.

Hope this answer will help you in trading.

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Lesson Posted on 06 Mar IT Courses/SAP/SAP GST Financial Planning/Taxation IT Courses/Tally Software +1 Tuition/BBA Tuition/Financial Accounting less

Highlights Of Some Recent GST Council Meetings

Talent Hub Training Institute

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Highlights of 22nd GST Council Meeting at New Delhi on 6 Oct. 2017 GST Council in its 22nd Meeting at New Delhi has recommended certain facilitative changes to ease the burden of compliance on small and medium businesses, like quarterly returns filing by small taxpayers with turnover upto Rs. 1.5 crores,... read more

Highlights of 22nd GST Council Meeting at New Delhi on 6 Oct. 2017

GST Council in its 22nd Meeting at New Delhi has recommended certain facilitative changes to ease the burden of compliance on small and medium businesses, like quarterly returns filing by small taxpayers with turnover upto Rs. 1.5 crores, composition threshold increased from 75 lacs to Rs. 1 crore, RCM put on hold till 31 March, 2018, etc., as detailed here-under:

  • Quarterly Return for Small Taxpayers to Reduce Compliance Burden: MSMEs, Small Traders, Exporters, etc. having annual turnover of upto Rs. 1.5 crores have been given relief from monthly filing of GST Returns. Now they can file quarterly GST Returns and also they can pay taxes on quarterly basis.

CBEC Notifies Quarterly GST Return/ Tax Payment by Small Taxpayers.

  • Review of Threshold Limit for Composition Scheme: Threshold limit for registration under composition scheme has been increased from Rs. 75 lac to Rs. 1 crore. Now small traders having turnover upto Rs. 1 Crore can pay tax at flat rate (1% for traders, 2% for manufacturers and 5% for restaurants) under composition and can file their returns on quarterly basis.

Composition Scheme Threshold Limit Increased to Rs. 1 Crore notified by CBEC

  • Review of Reverse Charge Mechanism (RCM): For convenience of large taxpayers and survival of unregistered taxpayers, the Reverse Charge Mechanism (RCM) under GST has been put on hold till 31 March 2018.

Reverse Charge Mechanism (RCM) Suspended till 31 March 2018: CBEC Notification.

  • Relaxations for Exporters: releasing quicker refunds of duties to ease their working capital requirements. Govt. has already allowed them to make exports without payment of IGST by furnishing LUT. Refunds for July and August 2017 will be released from 10th Oct. / 18 Oct. 2017 respectively, by cheque.

Major Relief Package under GST for Exporters

0.1% GST Rate for Supply of Goods to Merchant Exporters notified by CBEC

  • TDS/ TCS: Registration and operationalization of TDS/TCS provisions shall be postponed till 31.03.2018.

Registration/ TDS-TCS Compliance under GST Suspended till 31 March, 2018.

  • Review of GST Rates: In the case of about 27 items of goods and services, the GST rates have been reduced. For details, please refer the link below:

Reduction/ Changes in GST Rates on Job work etc. Service

Cut in GST Rate of Goods (27 Domestic Supplies+3 Imports Items)

  • Extension of GST Return Due Dates: The last date for filing the return in FORM GSTR-4/ GST-5A/ GSTR-6 extended upto 15 Nov. 2017.

CBEC Extends Due Date for filing of GSTR-5A (July~Sept. 2017) by OIDAR Services Providers

CBEC Notifies Extended Due Dates for GST Returns (GSTR-4/ GSTR-6) upto 15 Nov. 2017

  • E-way Bill System: Deferred till 31 March 2018.

E-Way Bill System Implementation Deferred till 31 March 2018

  • No GST on Advance received by Small Taxpayers: No GST on Advance Payments received for Supply of Goods by Small Taxpayers having aggregate annual turnover of upto Rs. 1.5 crores.

No GST on Advance Payments for Goods received by Small Taxpayers.

  • Interstate services providers exempted from Registration: all inter state service providers shall be exempted from Registration, if turnover remains below the threshold limit.

CBEC Notifies Regn. Exemption for All Inter-state Service Providers.

(Below Threshold).

  • Services Provided by GTA to Unregistered Person Exempted: The services provided by a GTA to an unregistered person shall be exempted from GST.

Services Provided by GTA to Unregistered Person Exempted.

  • Petroleum & Oil Sector: To reduce the cascading of taxes on petrol, diesel, ATF, natural gas and crude oil, following recommendations have been made:
    1. Offshore works contract services and associated services relating to oil and gas exploration and production in the offshore areas beyond 12 nautical miles shall attract GST of 12%;
    2. Transportation of natural gas through pipeline will attract GST of 5% without input tax credits (ITC) or 12% with full ITC;
    3. Import of rigs and ancillary goods imported under lease will be exempted from IGST, subject to payment of appropriate IGST on the supply/import of such lease service and fulfilment of other specified conditions.

Further, GST rate on bunker fuel is to be reduced to 5%, both for foreign going vessels and coastal vessels.

  • Invoice Rules Simplification: Invoice Rules are being modified to provide relief to certain classes of registered persons.
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Lesson Posted on 24 Feb Financial Planning/Taxation Exam Coaching/CA Coaching Exam Coaching/CMA Coaching +1 Exam Coaching/Company Secratary (CS) Coaching less

Basis Of Charge Of GST

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The basis of ‘charge of tax’ as per any law is the ‘taxable event’. In case of GST, the ‘taxable event’ is the supply of goods or services. Supply of goods or services may be divided into 2 categories: Intra-State Supplies Inter-State Supplies. Intra-State... read more

The basis of ‘charge of tax’ as per any law is the ‘taxable event’. In case of GST, the ‘taxable event’ is the supply of goods or services.

Supply of goods or services may be divided into 2 categories:

  1. Intra-State Supplies
  2. Inter-State Supplies.

Intra-State Supplies: Intra-State Supplies cover the supply of goods and services where the location of the supplier and the place of supply are in the same State or Union Territory. The GST levied on Intra-State Supplies comprises of: CGST (Central GST) and SGST (State GST) / UTGST (Union Territory GST).

It is to be noted that there is single legislation, CGST Act, 2017, for levying CGST.  Whereas Union Territories without State legislatures (Andaman and Nicobar Islands, Lakshadweep, Dadra and Nagar Haveli, Daman and Diu and Chandigarh) are governed by UTGST Act, 2017 for levying UTGST. States and Union territories with their own legislatures (Delhi and Puducherry) have their own GST legislation for levying SGST.

Inter-State Supplies: Inter-State Supplies cover the supply of goods and services where services where the location of the supplier and the place of supply are in: (a). Two different States (b). Two different Union Territories (c). A State and a Union Territory. The GST levied on Intra-State Supplies comprises of IGST (Integrated Goods and Service Tax).  It is to be noted that IGST is approximately the sum total of CGST and SGST/UTGST.

In case of goods Imported into India, IGST is levied as per section 3 of the Customs Tariff Act, 1975 on the value as determined under the said Act.

Rates: In case of CGST the rates of tax are the rates as notified by the Government. (Maximum rate of CGST is 20%). In case of IGST the rate are approximately CGST rate + SGST/UTGST rate. (Maximum rate of IGST is 40%).

Supplies outside the purview of GST: The supply of alcoholic liquor for human consumption is outside the purview of CGST/UTGST/SGST/IGST. Whereas CGST/UTGST/SGST/IGST on supply of the following items is to be levied w.e.f. a notified date:

  • Petroleum crude.
  • High speed diesel.
  • Motor spirit (commonly known as petrol).
  • Natural gas and.
  • Aviation turbine fuel.

Note: GST is to be collected and paid by a Taxable Person (as defined as per the act). The Value for the levy of the tax will be the transaction value under Section 15 of the act.

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Lesson Posted on 24 Feb Financial Planning/Stock Market Trading

Benefits Of Trading

Kunal Kishore

Intelligence7 will help in every step to make you a professional trader in every suitable way to Grow...

There are many benefits of stock trading and what you should take to stock trading. With no constraints of time, educational qualifications or investments, one cannot find any another business quite like this. Work full time or part time, you can be a professional or a housewife, advantages of stock... read more

There are many benefits of stock trading and what you should take to stock trading. With no constraints of time, educational qualifications or investments, one cannot find any another business quite like this. Work full time or part time, you can be a professional or a housewife, advantages of stock trading are too good that you cannot ignore. Regardless of whether you’re an experienced stock trader or new to stock trading, there are many benefits of stock trading.

1. Work from Anywhere:

Computer and internet has promoted stock trading and taken the markets to a new level. Now you can trade in stocks from the comfort of your home/office. Stock trading is just a click of your mouse on System. Make money even at home along with your family life. This is one of the best stock trading benefit.

2. No Brokerage:

Those days are went when you were at the mercy of few stock brokers who would charge hefty large commissions on your trade. With the advent of computers and internet, myriads of stock brokerage firms have mushroomed all over the world. Competing with each other to get the maximum clients, they offer low commissions, latest trading technologies and other facilities to attract clients. No brokerage is one of the main benefits of stock trading.

3. Complete freedom:

With hundreds of stocks to choose from, you have the complete freedom to invest in any stock you like. You can be your own master. Do your own research and make your own decisions.

4. No time bar:

Another advantage of stock trading is that it has removed all time constraints and restrictions. You can trade stocks any time of the day and night at your convenience.

5. Make money in minutes:

You can make a lot of money within a matter of minutes, if you are well educated about the trends in stock market. The time it takes to execute the trade online is the same as just clicking your mouse.

6. No investment limit:

Another main benefit of stock trading is that you are not bound to any investment thresholds. You can start trade in a stock with as low or as high of an amount that your pocket allows.

7. Quick returns:

Unlike any other business, in stock trading you do not have to wait for a long time to get your returns. Plus there are no hassles of advertising your goods or alluring the customers by offering attractive schemes.

8. No experience required:

One of the other stock trading benefit is that you do not require any formal education or experience. One just needs to collect as much information to become a little stock trade savvy. With time and experience, anyone can initiating their way to stock trading. Start making money from day one.

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Lesson Posted on 19 Feb Financial Planning/Taxation

An Introduction To GST

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Gst or Goods And Services Tax is a form of Indirect Tax. Before we understand what GST is, we must understand the differences between direct and indirect taxes. Direct Taxes Vs Indirect Taxes: Tax can be defined as an obligatory contribution paid to the Government, which, in turn, provides public services... read more

Gst or Goods And Services Tax is a form of Indirect Tax. Before we understand what GST is, we must understand the differences between direct and indirect taxes. 

Direct Taxes Vs Indirect Taxes: Tax can be defined as an obligatory contribution paid to the Government, which, in turn, provides public services to the people. In India, taxes can be broadly classified as Direct Taxes and Indirect Taxes.

Direct Taxes:

  • The burden of tax is on the taxpayer and cannot be passed on.
  • Tax is paid directly to the Government.
  • Direct Taxes are Progressive in nature: Poor do not feel the burden of tax.
  • Tax is levied on Income not Consumption;
  • Income Tax comes under the purview of Direct Taxes.

Indirect Taxes:

  • The burden or the incidence of tax is passed on in stages, and is finally borne by the consumer.
  • At each stage, tax is paid to the Government, wherein, the taxpayer collects his tax debt from the next party.
  • The final customer pays the actual tax.
  • Indirect taxes are regressive in nature poor may feel the burden of tax.
  • These are taxes on Consumption and not on Income.
  • GST comes under the purview of Indirect Taxes.

GST is applicable on the “supply” of services or goods as opposed to the earlier concept of taxation on the manufacture of goods (Excise duty); sale of goods (Sales tax); or providing of service (Service Tax).

GST is a destination-based tax structure unlike the origin-based structure that existed previously. In order to implement GST, a dual GST system has been adopted which is imposed concurrently by the Centre and States.

As per the dual GST system, Goods and services are simultaneously taxed under GST by the Centre and States. GST extends to whole of India including the State of Jammu and Kashmir.

GST comprises of:

  • Central Goods and Service Tax (CGST): Levied and collected by Central Government.
  • State Goods and Service Tax (SGST): Levied and collected by State Governments/Union Territories with State Legislatures, on intra-State supplies of taxable goods and/or services.
  • Union Territory Goods and Service Tax (UTGST): Levied and collected by Union Territories without State Legislatures, on intra-State supplies of taxable goods and/or services. 
  • Integrated Goods and Service Tax (IGST): Levied by Central Government on all Inter-State supplies.
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Lesson Posted on 16 Feb Financial Planning/Stock Market Investment

Meaning Of Derivative

BHAVANI PRASAD MADDALA

I have been giving training's and advisory services in the stock markets since 15 years and I am Certified...

What is a 'Derivative'? A derivative is a security with a price that is dependent upon or derived from one or more underlying assets. The derivative itself is a contract between two or more parties based upon the asset or assets. Its value is determined by fluctuations in the underlying asset. The most... read more

What is a 'Derivative'?

A derivative is a security with a price that is dependent upon or derived from one or more underlying assets. The derivative itself is a contract between two or more parties based upon the asset or assets. Its value is determined by fluctuations in the underlying asset. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates and market indexes. 

Derivatives can either be traded over-the-counter (OTC) or on an exchange. OTC derivatives constitute the greater proportion of derivatives in existence and are unregulated, whereas derivatives traded on exchanges are standardized. OTC derivatives generally have greater risk for the counterparty than do standardized derivatives.

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Lesson Posted on 16 Feb Financial Planning/Stock Market Investment

Most Important Of Trading Psychology And Discipline

BHAVANI PRASAD MADDALA

I have been giving training's and advisory services in the stock markets since 15 years and I am Certified...

There are many characteristics and skills required by traders in order for them to be successful in the financial markets. The ability to understand the inner workings of a company, its fundamentals and the ability to determine the direction of the trend are a few of the key traits needed, but not... read more
There are many characteristics and skills required by traders in order for them to be successful in the financial markets. The ability to understand the inner workings of a company, its fundamentals and the ability to determine the direction of the trend are a few of the key traits needed, but not one of these is as important as the ability to contain emotions and maintain discipline.

i. Trading Psychology: The psychological aspect of trading is extremely important, and the reason for that is fairly simple: A trader is often darting in and out of stocks on short notice, and is forced to make quick decisions. To accomplish this, they need a certain presence of mind. They also, by extension, need discipline, so that they stick with previously established trading plans and know when to book profits and losses. Emotions simply can't get in the way.

ii. Understanding Fear: When a trader's screen is pulsating red (a sign that stocks are down) and bad news comes about a certain stock or the general market, it's not uncommon for the trader to get scared. When this happens, they may overreact and feel compelled to liquidate their holdings and go to cash or to refrain from taking any risks. Now, if they do that they may avoid certain losses - but they also will miss out on the gains.

Traders need to understand what fear is simply a natural reaction to what they perceive as a threat (in this case perhaps to their profit or money-making potential). Quantifying the fear might help. Or that they may be able to better deal with fear by pondering what they are afraid of, and why they are afraid of it.

Also, by pondering this issue ahead of time and knowing how they may instinctively react to or perceive certain things, a trader can hope to isolate and identify those feelings during a trading session, and then try to focus on moving past the emotion. Of course this may not be easy, and may take practice, but it's necessary to the health of an investor's portfolio.

iii. Greed Is Your Worst Enemy: There's an old saying on Wall Street that "pigs get slaughtered." This greed in investors causes them to hang on to winning positions too long, trying to get every last tick. This trait can be devastating to returns because the trader is always running the risk of getting whipsawed or blown out of a position.

iv. Greed is not easy to overcome: That's because within many of us there seems to be an instinct to always try to do better, to try to get just a little more. A trader should recognize this instinct if it is present, and develop trade plans based upon rational business decisions, not on what amounts to an emotional whim or potentially harmful instinct.

v. The Importance of Trading Rules: To get their heads in the right place before they feel the emotional or psychological crunch, investors can look at creating trading rules ahead of time. Traders can establish limits where they lay out guidelines based on their risk-reward relationship for when they will exit a trade - regardless of emotions. For example, if a stock is trading at $10/share, the trader might choose to get out at $10.25, or at $9.75 to put a stop loss or stop limit in and bail.

Of course, establishing price targets might not be the only rule. For example, the trader might say if certain news, such as specific positive or negative earnings or macroeconomic news, comes out, then he or she will buy (or sell) a security. Also, if it becomes apparent that a large buyer or seller enters the market, the trader might want to get out.

Traders might also consider setting limits on the amount they win or lose in a day. In other words, if they reap an $X profit, they're done for the day, or if they lose $Y they fold up their tent and go home. This works for investors because sometimes it is better to just "go on take the money and run," like the old Steve Miller song suggests even when those two birds in the tree look better than the one in your hand.

vi. Creating a Trading Plan: Traders should try to learn about their area of interest as much as possible. For example, if the trader deals heavily and is interested in telecommunications stocks, it makes sense for him or her to become knowledgeable about that business. Similarly, if he or she trades heavily in energy stocks, it's fairly logical to want to become well versed in that arena.

To do this, start by formulating a plan to educate yourself. If possible, go to trading seminars and attend sell-side conferences. Also, it makes sense to plan out and devote as much time as possible to the research process. That means studying charts, speaking with management (if applicable), reading trade journals or doing other background work (such as macroeconomic analysis or industry analysis) so that when the trading session starts the trader is up to speed. A wealth of knowledge could help the trader overcome fear issues in itself, so it's a handy tool.

In addition, it's important that the trader consider experimenting with new things from time to time. For example, consider using options to mitigate risk, or set stop losses at a different place. One of the best ways a trader can learn is by experimenting - within reason. This experience may also help reduce emotional influences.

Finally, traders should periodically review and assess their performance. This means not only should they review their returns and their individual positions, but also how they prepared for a trading session, how up-to-date they are on the markets and how they're progressing in terms of ongoing education, among other things. This periodic assessment can help the trader correct mistakes, which may help enhance their overall returns. It may also help them to maintain the right mindset and help them to be psychologically prepared to do business. 

Bottom Line, it's often important for a trader to be able to read a chart and have the right technology so that their trades get executed, but there is often a psychological component to trading that shouldn't be overlooked. Setting trading rules, building a trading plan, doing research and getting experience are all simple steps that can help a trader overcome these little mind matters.

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Lesson Posted on 16 Feb Financial Planning/Stock Market Investment

Open Interest And Volume Theory

BHAVANI PRASAD MADDALA

I have been giving training's and advisory services in the stock markets since 15 years and I am Certified...

Open interest is an indicator often used by traders to confirm trends and trend reversals for both the futures and options markets. Open interest represents the total number of open contracts on a security. Here we'll take a look at the importance of the relationship between volume and open interest... read more
Open interest is an indicator often used by traders to confirm trends and trend reversals for both the futures and options markets. Open interest represents the total number of open contracts on a security. Here we'll take a look at the importance of the relationship between volume and open interest in confirming trends and their impending changes. (Check out an introduction to the concept of open interest in Intro To Open Interest In The Futures Market.)

Volume and Open Interest:
Used in conjunction with open interest, volume represents the total number of shares or contracts that have changed hands in a one-day trading session in the commodities or options market. The greater the amount of trading during a market session, the higher the trading volume. A new student to technical analysis can easily see that the volume represents a measure of intensity or pressure behind a price trend. The greater the volume, the more we can expect the existing trend to continue rather than reverse.

Technicians believe that volume precedes price, which means that the loss of either upside price pressure in an uptrend or downside pressure in a downtrend will show up in the volume figures before presenting itself as a reversal in trend on the bar chart. The rules that have been set in stone for both volume and open interest are combined because of their similarity; however, having said that, there are always exceptions to the rule.

General Rules for Volume and Open Interest:
The chart below summarize the rules for volume and open interest.

                                         112002_1.gif
Figure 1: General rules for volume and open interest

So, price action increasing in an uptrend and open interest on the rise is interpreted as new money coming into the market (reflecting new buyers); this is considered bullish. Now, if the price action is rising and the open interest is on the decline, short sellerscovering their positions are causing the rally. Money is therefore leaving the marketplace; this is a bearish sign.

 

If prices are in a downtrend and open interest is on the rise, chartists know that new money is coming into the market, showing aggressive new short selling. This scenario will prove out a continuation of a downtrend and a bearish condition. Lastly, if the total open interest is falling off and prices are declining, the price decline is likely being caused by disgruntled long position holders being forced to liquidate their positions. Technicians view this scenario as a strong position technically because the downtrend will end once all the sellers have sold their positions. The following chart therefore emerges:

                                          112002_2.gif
Figure 2: Bullish and bearish signs according to open interest

When open interest is high at a market top and the price falls off dramatically, this scenario should be considered bearish. In other terms, this means that all of the long position holders that bought near the top of the market are now in a loss position, and their panic to sell keeps the price action under pressure.

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Answered on 16/08/2017 Financial Planning/Stock Market Investment

SUJOY BISWAS

Trainer

1. Avoid the herd mentality,2. Take informed decision,3. Invest in business you understand,4. Don't try to time the market,5. Follow a disciplined investment approach
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