#GOLD has taken support at 44150, people looking to invest in gold for the long term can look into the same.
Agnostic Swings
#HPL CMP: 48 STOPLOSS: 41 TARGET : 55 - 62 - 69 RETURNS : 14.5% - 29% - 44% Taking 0.5% risk to calculate position size for this stock - refer to pinned message #STCG - Short Term Capital Gains - will be booking out profits on 1/3rd position on achieving…
#HPL Target 2 done! 🔥🔥
31% returns in 2 days! 🔥🚀
Further booking profits and trailing stoploss on remaining 1/3rd position!
31% returns in 2 days! 🔥🚀
Further booking profits and trailing stoploss on remaining 1/3rd position!
#ASIANPAINT
CMP: 2470
STOPLOSS: 2340
TARGET : 2600 - 2730
RETURNS : 5% - 10% - Trailing Returns
Taking 1% risk to calculate position size for this stock - refer to pinned message
#LTCG - Long Term Capital Gains - will be booking out profits on 1/3rd position on achieving each target and trailing stoploss on remaining
CMP: 2470
STOPLOSS: 2340
TARGET : 2600 - 2730
RETURNS : 5% - 10% - Trailing Returns
Taking 1% risk to calculate position size for this stock - refer to pinned message
#LTCG - Long Term Capital Gains - will be booking out profits on 1/3rd position on achieving each target and trailing stoploss on remaining
#ANUPAMRASAYAN #IPO subscribed 31 times as of 3:10 pm 3rd day. IPO application window open till 4:30 pm today.
Agnostic Swings
#EASEMYTRIP IPO Subscription Status as of 3pm 3rd Day
#EASEMYTRIP allotment status is out. Use the link below to check your's out
https://evault.kfintech.com/ipostatus/
https://evault.kfintech.com/ipostatus/
#ALKYLAMINE
CMP: 5400
STOPLOSS: 5000
TARGET : 5800 - 6200
RETURNS : 8% - 16% - Trailing Returns
Taking 0.5% risk to calculate position size for this stock - refer to pinned message
#LTCG - Long Term Capital Gains - will be booking out profits on 1/3rd position on achieving each target and trailing stoploss on remaining
CMP: 5400
STOPLOSS: 5000
TARGET : 5800 - 6200
RETURNS : 8% - 16% - Trailing Returns
Taking 0.5% risk to calculate position size for this stock - refer to pinned message
#LTCG - Long Term Capital Gains - will be booking out profits on 1/3rd position on achieving each target and trailing stoploss on remaining
Agnostic Swings
#HDFCLIFE CMP: 730 STOPLOSS: 690 TARGET : 770 - 810 - OPEN TARGETS RETURNS : 5.5% - 11%
#HDFCLIFE
Stoploss hit. Staying disciplined and booking a loss.
Stoploss hit. Staying disciplined and booking a loss.
Agnostic Swings
#HDFCAMC giving a high of 3220 for the day. 6% returns in a day 🔥🚀 First target done! 🔥🔥 Booking some profits and trailing stoploss on remaining.
#HDFCAMC hitting stoploss after achieving our first target and some profits.
Staying disciplined and booking out of the remaining position.
Staying disciplined and booking out of the remaining position.
Agnostic Swings
#KOTAKBANK CMP: 1970 STOPLOSS: 1850 TARGET : 2090 - 2210 - TRAILING STOPLOSS RETURNS : 6% - 12% - TRAILING RETURNS Taking 1% risk to calculate position size for this stock - refer to pinned message #LTCG - Long Term Capital Gains - will be booking out profits…
#KOTAKBANK stoploss hit. Booking out with a loss.
Agnostic Swings
#PHILIPCARB CMP: 212 STOPLOSS: 194 TARGET : 235 - 255 - 275 RETURNS : 10% - 20% - 30% Taking 1% risk to calculate position size for this stock - refer to pinned message #STCG - Short Term Capital Gains - will be booking out profits on 1/3rd position on achieving…
#PHILIPCARB stoploss hit and taken.
Agnostic Swings
#CROMPTON CMP: 402 STOPLOSS: 382 TARGET : 422 - 442 -TRAILING STOPLOSS RETURNS : 5% - 10% - TRAILING RETURNS Taking 1% risk to calculate position size for this stock - refer to pinned message
#CROMPTON gave a swing high of 421 and now hitting our stoploss. Booking out.
As the FY 2020-21 is closing, every one is busy in tax planning. However, very few can know how equities are taxed in India and how can save income tax with planning by sale of shares. Following are simple logical steps to save long term and short term tax.
1. Let us understand first types of capital gains that are taxed in equities. These are,
a.Short term capital gains
b.Long term capital gains.
2. If an investor is holding shares listed on a recognized stock exchange (NSE, BSE) for more than 12 months, the gain/loss arising from the sale shall be ‘Long’ term. Else, it shall be ‘Short’ term.
3. Now let see the rates of taxes on these gains.
A. Short term gains on the above shall be taxed at 15% u/s 111A if STT (Securities Transaction Tax) is paid. Please note that usually every investor pays STT which is charged at 0.1%, both at the time of buying as well as selling the shares.
B. Long term gains on the above shall be taxed at 10% u/s 112A only on capital gains exceeding Rs. 1 lakh. So, if your long term gains come at Rs. 3 lakh, then you need to pay Rs. 20,000 (10% of Rs. 2 lakh).
4. Now, few more important things to note here. Resident Individual/ HUF do not need to pay tax if their income is less than Rs. 2.5 lakh. So, if the gains on equities are less than this limit, one need not pay tax (assuming there is no other income)
5. ‘Short’ term loss can be adjusted against both short term gains (taxed at 15%) as well as long term gains (taxed at 10%). However, ‘Long’ term loss can be adjusted only against long term gains (taxed at 10%)
6. So, the very first tax saving tip here is to book short term loss on shares. To simplify, sell the short term shares in loss before 31st March. By doing this, you are actually using that loss to set off against your short term gains and hence save tax at 15%.
7. Follow this. Look at your portfolio, there can be few stocks which you bought during the financial year. If it is making loss, sell them and book the loss on paper at least. Doing this will help you set off it against both short term and long term gains.
8. Remember this, if you are convinced that the stock is a great buy even though in loss, you can buy again after a couple of days. But selling once and booking loss is actually helping you save taxes.
9. Also, if you are late in selling, say if you sell the stock in loss after one year, it will become long term loss. So, better to sell them during the FY.
10. And as discussed earlier, you cannot set off long term loss against short term gains (taxed at 15%). You will have to set off it against only long term gains (taxed at 10% and that too after the exemption of Rs. 1 lakh).
11. You must book long term gains on paper every year. Say you have shares that are making you a long term gain of Rs. 1 lakh, you need not pay tax on this as long term gains are exempt to the tune of Rs. 1 lakh. So, it is always prudent to book long term gains every year at least to the tune of Rs. 1 lakh. Remember, this limit of Rs. 1 lakh exemption on long term capital gains is every financial year.
12. Another one important aspect is filing of your income tax return in time. The due date for individual and HUF (non audit case) is 31st July and for others it is 31st Oct.
Belated return filing would mean non eligibility for carrying forward the short term and long term losses.
13. Short and Long term capital loss can be carried forward for 8 assessment years. Again, Long term loss can be carried forward to be used against only long term gains. Whereas, Short term loss can be carried forward to be used against both short and long term gains.
14. The losses from intraday trading are tagged as ‘Speculation loss’ and this cannot be set offed against the regular short term or long term loss on sale of shares.
15. So in nutshell,
a. Book short term loss before 31st March.
b. Book long term gains to save tax on gains upto Rs. 1 lakh.
c. File the income return on time.
1. Let us understand first types of capital gains that are taxed in equities. These are,
a.Short term capital gains
b.Long term capital gains.
2. If an investor is holding shares listed on a recognized stock exchange (NSE, BSE) for more than 12 months, the gain/loss arising from the sale shall be ‘Long’ term. Else, it shall be ‘Short’ term.
3. Now let see the rates of taxes on these gains.
A. Short term gains on the above shall be taxed at 15% u/s 111A if STT (Securities Transaction Tax) is paid. Please note that usually every investor pays STT which is charged at 0.1%, both at the time of buying as well as selling the shares.
B. Long term gains on the above shall be taxed at 10% u/s 112A only on capital gains exceeding Rs. 1 lakh. So, if your long term gains come at Rs. 3 lakh, then you need to pay Rs. 20,000 (10% of Rs. 2 lakh).
4. Now, few more important things to note here. Resident Individual/ HUF do not need to pay tax if their income is less than Rs. 2.5 lakh. So, if the gains on equities are less than this limit, one need not pay tax (assuming there is no other income)
5. ‘Short’ term loss can be adjusted against both short term gains (taxed at 15%) as well as long term gains (taxed at 10%). However, ‘Long’ term loss can be adjusted only against long term gains (taxed at 10%)
6. So, the very first tax saving tip here is to book short term loss on shares. To simplify, sell the short term shares in loss before 31st March. By doing this, you are actually using that loss to set off against your short term gains and hence save tax at 15%.
7. Follow this. Look at your portfolio, there can be few stocks which you bought during the financial year. If it is making loss, sell them and book the loss on paper at least. Doing this will help you set off it against both short term and long term gains.
8. Remember this, if you are convinced that the stock is a great buy even though in loss, you can buy again after a couple of days. But selling once and booking loss is actually helping you save taxes.
9. Also, if you are late in selling, say if you sell the stock in loss after one year, it will become long term loss. So, better to sell them during the FY.
10. And as discussed earlier, you cannot set off long term loss against short term gains (taxed at 15%). You will have to set off it against only long term gains (taxed at 10% and that too after the exemption of Rs. 1 lakh).
11. You must book long term gains on paper every year. Say you have shares that are making you a long term gain of Rs. 1 lakh, you need not pay tax on this as long term gains are exempt to the tune of Rs. 1 lakh. So, it is always prudent to book long term gains every year at least to the tune of Rs. 1 lakh. Remember, this limit of Rs. 1 lakh exemption on long term capital gains is every financial year.
12. Another one important aspect is filing of your income tax return in time. The due date for individual and HUF (non audit case) is 31st July and for others it is 31st Oct.
Belated return filing would mean non eligibility for carrying forward the short term and long term losses.
13. Short and Long term capital loss can be carried forward for 8 assessment years. Again, Long term loss can be carried forward to be used against only long term gains. Whereas, Short term loss can be carried forward to be used against both short and long term gains.
14. The losses from intraday trading are tagged as ‘Speculation loss’ and this cannot be set offed against the regular short term or long term loss on sale of shares.
15. So in nutshell,
a. Book short term loss before 31st March.
b. Book long term gains to save tax on gains upto Rs. 1 lakh.
c. File the income return on time.
Agnostic Swings
#MGL first target done! 6.5% returns in 3 weeks! 🔥🔥 Booking some profits and trailing stoploss for remaining!
#MGL hitting stoploss after achieving our first target and profits of 6.5%. Booking out.
Agnostic Swings
#TATACONS first target done! 5% returns in 2 weeks! Booking profits on 1/3rd position and trailing stoploss on remaining.
#TATACONS hitting stoploss after achieving our first target and profits of 5%. Booking out.
Agnostic Swings
#JUBLFOOD first target done! 6.5% returns in less than a week! 🔥🔥 Booking profits on 1/3rd position and trailing stoploss on remaining.
#JUBLFOOD hitting stoploss after achieving our first target and profits of 6.5%. Booking out.