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deveshkayal
Senior Member
Joined: 04/Sep/2006
Online Status: Offline
Posts: 3903
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   Posted: 01/Mar/2008 at 12:00pm |
Originally posted by basant
| I dont see much impact of STCG on brokerages as it will be set-off against increase in slabs for retail investors and rupee appreciation for FII's |
Increase in taxes do not affect the FIIs. It is on the domestic investor. FIIs are still taxed on the differential basis.
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FII's which invest through Mauritius are exempted from STCG.
Estimates are that 20,000 crs will be saved by the tax-payers due to increase in slab. My guess is that Pantaloon shlould see a boost of atleast 500 crs in turnover.
Edelweiss & others who trade through proprietary accounts will be hit due to tinkering in STT.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
Online Status: Offline
Posts: 3542
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Posted: 01/Mar/2008 at 1:18pm |
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it will release some money into the system that will increase consumption.but the budget does not do much for new age businesses like retail. KISHORE BIYANI/TOI
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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Posted: 01/Mar/2008 at 2:28pm |
Originally posted by basant
I have been invited to participate as a panelist in a post Budget discussion at the IIFT campus in Kolkata. The other participants would be Mr. Rupen Roy - head at Deloite Haskins and VP - YES Bank. Will fill everyone in after the meet on Monday.
I am required to provide the stock market's perspective on the Budget.
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Great Basant sir!! Congrats! Will wait for the finer points of the discussion.
Edited by omshivaya - 01/Mar/2008 at 2:29pm
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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India_Bull
Senior Member
Joined: 19/Sep/2006
Location: United States
Online Status: Offline
Posts: 2296
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Posted: 01/Mar/2008 at 2:31pm |
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Wow, gr8 Basantjee, Congratulations !!
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India_Bull forever Bull !
www.kapilcomedynights.com
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mr.amd
Groupie
Joined: 06/Feb/2008
Online Status: Offline
Posts: 59
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Posted: 01/Mar/2008 at 5:42pm |
See P chidambaram here. He actually left the interview rather then answer the question. What tricks is he playing with public sector banks.
http://www.josh18.com/showvideo.php?id=150261
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sanjay3
Senior Member
Joined: 20/Aug/2006
Location: India
Online Status: Offline
Posts: 257
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Posted: 01/Mar/2008 at 6:12pm |
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congratulations Basantji
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shivkumar
Senior Member
Joined: 02/Oct/2007
Location: India
Online Status: Offline
Posts: 2037
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Posted: 01/Mar/2008 at 6:20pm |
Originally posted by omshivaya
[QUOTE=basant]
I have been invited to participate as a panelist in a post Budget discussion at the IIFT campus in Kolkata. The other participants would be Mr. Rupen Roy - head at Deloite Haskins and VP - YES Bank. Will fill everyone in after the meet on Monday.
I am required to provide the stock market's perspective on the Budget.
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wow man! congrats. next stop will be CNBC, I guess where you could knock some sense into the talking heads!!!
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mr.amd
Groupie
Joined: 06/Feb/2008
Online Status: Offline
Posts: 59
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Posted: 01/Mar/2008 at 6:51pm |
Originally posted by basant
| I dont see much impact of STCG on brokerages as it will be set-off against increase in slabs for retail investors and rupee appreciation for FII's |
Increase in taxes do not affect the FIIs. It is on the domestic investor. FIIs are still taxed on the differential basis.
I have been invited to participate as a panelist in a post Budget discussion at the IIFT campus in Kolkata. The other participants would be Mr. Rupen Roy - head at Deloite Haskins and VP - YES Bank. Will fill everyone in after the meet on Monday.
I am required to provide the stock market's perspective on the Budget.
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Congratulations basantji. Can't wait to hear more from you about the debate.
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