IndusInd Bank’s shares fell sharply today ( Near -20%) due to disappointing Q2 results.
The bank reported a significant 39% drop in net profit year-over-year, which came in at ₹1,325 crore, down from ₹2,181 crore in the same period last year.
This steep decline was attributed to higher stress in its microfinance loan portfolio, which affected earnings. Additionally, the bank announced that it might not meet its full-year loan growth target, which further shook investor confidence.
The market reacted negatively, causing the stock to hit its 52-week low .
The bank reported a significant 39% drop in net profit year-over-year, which came in at ₹1,325 crore, down from ₹2,181 crore in the same period last year.
This steep decline was attributed to higher stress in its microfinance loan portfolio, which affected earnings. Additionally, the bank announced that it might not meet its full-year loan growth target, which further shook investor confidence.
The market reacted negatively, causing the stock to hit its 52-week low .
This Fake Zerodha Investment Scam is Costing People Lakhs | Here's How it Works
https://youtu.be/gPXXO4DrNPs?si=FH290AiapCIT-_rX
https://youtu.be/gPXXO4DrNPs?si=FH290AiapCIT-_rX
YouTube
This Fake Zerodha Investment Scam is Costing People Lakhs | Here's How it Works
A sophisticated scam targeting investors is making rounds, using Zerodha's name and brand to dupe people of their hard-earned money. This video breaks down exactly how these scammers operate—from fake WhatsApp groups to counterfeit apps and forged SEBI documents.…
Top Stocks,Cryptos and forex pairs for Swing Trading and Investing opportunity in 2024 By Spartan Trading Academy - PART-3
Video link :
https://youtu.be/vDu0CpPetAQ
Video link :
https://youtu.be/vDu0CpPetAQ
Those interested in joining the Spartan JAN 2025 batch have one more opportunity to reserve their seats.
For registration - 8667358491.
For registration - 8667358491.
“🌾 Wishing You a Prosperous Pongal! 🌾
From all of us at Spartan Trading Academy, may this festival of harvest bring abundant success, happiness, and growth into your life.
Just as the farmers reap the rewards of their hard work, may you achieve remarkable gains in your trading journey. Let’s celebrate hard work, discipline, and prosperity together this Pongal!
Happy Pongal!
– Spartan Trading Academy”
————————————————————
“🌾 உங்களுக்கு வளமான பொங்கல் வாழ்த்துக்கள்! 🌾
ஸ்பார்டன் டிரேடிங் அகாடமியில் உள்ள அனைவரின் சார்பாக, இந்த அறுவடைத் திருவிழா உங்கள் வாழ்க்கையில் ஏராளமான வெற்றி, மகிழ்ச்சி மற்றும் வளர்ச்சியைக் கொண்டுவரட்டும்.
விவசாயிகள் தங்கள் கடின உழைப்பின் பலனை அறுவடை செய்வது போல, உங்கள் வர்த்தகப் பயணத்தில் நீங்கள் குறிப்பிடத்தக்க லாபங்களை அடையட்டும். இந்தப் பொங்கலில் கடின உழைப்பு, ஒழுக்கம் மற்றும் செழிப்பை ஒன்றாகக் கொண்டாடுவோம்!
பொங்கல் வாழ்த்துக்கள்!
– ஸ்பார்டன் டிரேடிங் அகாடமி”
From all of us at Spartan Trading Academy, may this festival of harvest bring abundant success, happiness, and growth into your life.
Just as the farmers reap the rewards of their hard work, may you achieve remarkable gains in your trading journey. Let’s celebrate hard work, discipline, and prosperity together this Pongal!
Happy Pongal!
– Spartan Trading Academy”
————————————————————
“🌾 உங்களுக்கு வளமான பொங்கல் வாழ்த்துக்கள்! 🌾
ஸ்பார்டன் டிரேடிங் அகாடமியில் உள்ள அனைவரின் சார்பாக, இந்த அறுவடைத் திருவிழா உங்கள் வாழ்க்கையில் ஏராளமான வெற்றி, மகிழ்ச்சி மற்றும் வளர்ச்சியைக் கொண்டுவரட்டும்.
விவசாயிகள் தங்கள் கடின உழைப்பின் பலனை அறுவடை செய்வது போல, உங்கள் வர்த்தகப் பயணத்தில் நீங்கள் குறிப்பிடத்தக்க லாபங்களை அடையட்டும். இந்தப் பொங்கலில் கடின உழைப்பு, ஒழுக்கம் மற்றும் செழிப்பை ஒன்றாகக் கொண்டாடுவோம்!
பொங்கல் வாழ்த்துக்கள்!
– ஸ்பார்டன் டிரேடிங் அகாடமி”
Nifty down 12% | Ready to Buy stocks | Top 20 Swing & Investment Stocks right now ? Spartan Trading
📌Swing & Trading Update
📌Top 20 Swing & Investment Stocks right now
📌Smart Money Trading
Video Link 👇👇👇
https://youtu.be/IjkLJRt-nTI
📌Swing & Trading Update
📌Top 20 Swing & Investment Stocks right now
📌Smart Money Trading
Video Link 👇👇👇
https://youtu.be/IjkLJRt-nTI
**Indian crypto holders face 70% tax penalty on undisclosed gains:**
Cryptocurrency traders in India may face significant tax penalties on previously undisclosed profits under new amendments to the country’s tax laws.
Cryptocurrencies will be included under Section 158B of the Income Tax Act, which reports undisclosed income, according to Indian Finance Minister Nirmala Sitharaman’s Union Budget 2025 announcement.
The amendment allows cryptocurrency gains to be subject to block assessments if not reported, placing them under the same tax treatment as traditional assets like money, jewelry and bullion.
Crypto will fall under the definition of Virtual Digital Assets (VDAs), according to the new amendment, which states:
“Crypto asset has been defined in section 2(47A) of the Act under the existing definition of Virtual Digital Asset[…] A reporting entity, as may be prescribed under section 285BAA of the Act, will be required to furnish information of crypto asset.”
New crypto tax reporting obligations. Source: incometaxindia.gov
The new crypto tax proposition will be retrospectively applicable from Feb. 1, 2025.
At the end of December 2024, India’s Minister of State for Finance, Pankaj Chaudhary, said the government had found 824 crore Indian rupees ($97 million) in unpaid goods and service taxes (GST) by several crypto exchanges.
The report came a few months after Indian law enforcement agencies demanded 722 crore Indian rupees ($85 million) in unpaid taxes from Binance in August.
Crypto traders face up to 70% tax penalty on undisclosed crypto gains
As a sign of concern for cryptocurrency holders, Indian authorities may issue a tax penalty of up to 70% on previously undisclosed crypto profits.
This penalty may apply to crypto gains that remained undisclosed for up to 48 months after the relevant tax assessment year, according to the document, that wrote:
“70% of the aggregate of tax and interest payable on additional income disclosed in the updated income tax return [ITR].”
The amendments come two weeks after Bybit exchange suspended its services in India on Jan. 10, citing regulatory pressure as it continues to pursue a full operational license from India’s Financial Intelligence Unit.
Crypto tax laws are gaining prominence worldwide
Crypto tax laws gained increased interest worldwide in June 2024 after the US Internal Revenue Service (IRS) issued a new crypto regulation, which will make US crypto transactions subject to third-party tax reporting requirements for the first time.
Starting in 2025, centralized crypto exchanges (CEXs) and other brokers will start reporting the sales and exchanges of digital assets, including cryptocurrencies.
This decision could push crypto investors to decentralized platforms in a “paradoxical situation” that could make tax revenue harder to track, Anndy Lian, author and intergovernmental blockchain expert, told Cointelegraph.
Showcasing the crypto industry’s backlash, the Blockchain Association filed a lawsuit against the IRS in December 2024, arguing that the rules are unconstitutional because they include decentralized exchanges under the “broker” term, extending data collection requirements to them.
$10T Crypto Market Cap in 2025? Dan Tapiero Explains. Source: YouTube
Magazine: Crypto market is ‘not playing ball’ so far in 2025: Jason Pizzino, X Hall of Flame
Cryptocurrency traders in India may face significant tax penalties on previously undisclosed profits under new amendments to the country’s tax laws.
Cryptocurrencies will be included under Section 158B of the Income Tax Act, which reports undisclosed income, according to Indian Finance Minister Nirmala Sitharaman’s Union Budget 2025 announcement.
The amendment allows cryptocurrency gains to be subject to block assessments if not reported, placing them under the same tax treatment as traditional assets like money, jewelry and bullion.
Crypto will fall under the definition of Virtual Digital Assets (VDAs), according to the new amendment, which states:
“Crypto asset has been defined in section 2(47A) of the Act under the existing definition of Virtual Digital Asset[…] A reporting entity, as may be prescribed under section 285BAA of the Act, will be required to furnish information of crypto asset.”
New crypto tax reporting obligations. Source: incometaxindia.gov
The new crypto tax proposition will be retrospectively applicable from Feb. 1, 2025.
At the end of December 2024, India’s Minister of State for Finance, Pankaj Chaudhary, said the government had found 824 crore Indian rupees ($97 million) in unpaid goods and service taxes (GST) by several crypto exchanges.
The report came a few months after Indian law enforcement agencies demanded 722 crore Indian rupees ($85 million) in unpaid taxes from Binance in August.
Crypto traders face up to 70% tax penalty on undisclosed crypto gains
As a sign of concern for cryptocurrency holders, Indian authorities may issue a tax penalty of up to 70% on previously undisclosed crypto profits.
This penalty may apply to crypto gains that remained undisclosed for up to 48 months after the relevant tax assessment year, according to the document, that wrote:
“70% of the aggregate of tax and interest payable on additional income disclosed in the updated income tax return [ITR].”
The amendments come two weeks after Bybit exchange suspended its services in India on Jan. 10, citing regulatory pressure as it continues to pursue a full operational license from India’s Financial Intelligence Unit.
Crypto tax laws are gaining prominence worldwide
Crypto tax laws gained increased interest worldwide in June 2024 after the US Internal Revenue Service (IRS) issued a new crypto regulation, which will make US crypto transactions subject to third-party tax reporting requirements for the first time.
Starting in 2025, centralized crypto exchanges (CEXs) and other brokers will start reporting the sales and exchanges of digital assets, including cryptocurrencies.
This decision could push crypto investors to decentralized platforms in a “paradoxical situation” that could make tax revenue harder to track, Anndy Lian, author and intergovernmental blockchain expert, told Cointelegraph.
Showcasing the crypto industry’s backlash, the Blockchain Association filed a lawsuit against the IRS in December 2024, arguing that the rules are unconstitutional because they include decentralized exchanges under the “broker” term, extending data collection requirements to them.
$10T Crypto Market Cap in 2025? Dan Tapiero Explains. Source: YouTube
Magazine: Crypto market is ‘not playing ball’ so far in 2025: Jason Pizzino, X Hall of Flame
#Latest certified funded traders from Spartan Trading Academy
#Congratulations on Your Success! 🎉
On behalf of Spartan Trading Academy, we extend our heartfelt congratulations on your funded trading success! Your hard work, discipline, and perseverance have led you to this well-deserved achievement.
This is just the beginning of your journey to financial freedom and trading mastery. Stay consistent, keep refining your strategy, and continue to grow as a trader. Remember, Spartans thrive through discipline and resilience—just like you!
Wishing you continued success and many more payouts ahead. Keep conquering the markets!
Spartan Trading Academy🔥
“Train. Trade. Conquer.”
#Congratulations on Your Success! 🎉
On behalf of Spartan Trading Academy, we extend our heartfelt congratulations on your funded trading success! Your hard work, discipline, and perseverance have led you to this well-deserved achievement.
This is just the beginning of your journey to financial freedom and trading mastery. Stay consistent, keep refining your strategy, and continue to grow as a trader. Remember, Spartans thrive through discipline and resilience—just like you!
Wishing you continued success and many more payouts ahead. Keep conquering the markets!
Spartan Trading Academy🔥
“Train. Trade. Conquer.”
⏳ Reminder Alert!
Seats are filling up fast for our April 2025 Mentorship Training Program!
If you haven’t registered yet — this is your sign!
Learn Harmonic | SMC | ICT Strategies from scratch to advanced levels with both Online & Offline options available!
Don’t miss the chance to be a part of our exclusive trading community!
Limited slots available — Book yours NOW!
🌐 Website: spartantradingacademy.com
📞 Contact: John - 8667358491
💬 WhatsApp: Click Here
#SpartanTradingAcademy #MentorshipProgram #TradingJourney #LearnWithUs
Seats are filling up fast for our April 2025 Mentorship Training Program!
If you haven’t registered yet — this is your sign!
Learn Harmonic | SMC | ICT Strategies from scratch to advanced levels with both Online & Offline options available!
Don’t miss the chance to be a part of our exclusive trading community!
Limited slots available — Book yours NOW!
🌐 Website: spartantradingacademy.com
📞 Contact: John - 8667358491
💬 WhatsApp: Click Here
#SpartanTradingAcademy #MentorshipProgram #TradingJourney #LearnWithUs