Technical Analysis of Equities

Sahilsri
Notice to all:
I can share some of my strategies in the group.Concepts & illustrations will be posted in the group & discussion will be in the thread.If most of u are willing to participate then let me know

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Please do share things buddy

One more thing : Can u explain about charting and charting softwares

What is metastock, EOD, AmiBroker, Iris ..

and how should we use them.. ?

Pls ask your queries through PM. All your queries will be answered. Thanx for your participation

Sorry to all members but I'm finding it hard to maintain this group. Anyone willing to moderate this group pls PM me.

NEW DELHI: Get ready to shell out more tax up front on any income received if you are unable to provide your permanent account number from April 1. The tax deducted at source, or TDS, on payments could be as high as 20% for those not quoting PAN against the regular rate of 2%-10%.

The Budget 2009-10 had made it mandatory for residents and non-residents to quote this number or face a higher rate of withholding tax. It comes into effect from Thursday, April 1.

The idea behind the rule is to encourage more people to obtain PAN, a 10-digit alphanumeric tax payer identification number, and thereby become visible to tax authorities. The tax base of the country is a mere 3.3 crore because of massive underreporting of incomes and large-scale exemptions.

Quoting of PAN will allow income tax authorities to establish an audit trail and catch tax evaders. Some experts feel the measure is excessive. “This would put unnecessary burden on senior citizens who do not have a tax liability,” said Kishan Malhotra, Executive Director, KPMG.

Senior citizens could just file Form 15H in absence of tax liability and become eligible for exemption from TDS. If they do not furnish a PAN they will have to face a TDS rate of 20%.

Other Indian residents not falling within the tax bracket will also have to obtain a PAN and quote it where required. Tax deducted at source can be adjusted against a taxpayer’s actual tax liability. But in the case where there is no tax liability it has to be claimed back by filing returns.

The new rule comes with a severe penalty if not followed. Any failure to deduct taxes at appropriate rates will result in disallowance of expenditure for the one making payment, recovery of tax from him, and levy of interest and penalty. Interestingly, the total number of PAN issued in the country is in excess of 8 crore. Income Tax department issues the permanent account number in partnership with UTITSL and NSDL.

With this provision coming into effect even non-residents, having just one-off transaction with Indian parties will have to obtain PAN, failing which they will suffer a much higher withholding tax on their income.

Typically, payments by residents to non-residents in the nature of royalties or fees for technical services attract withholding tax at rate of 10.56% under the Income Tax Act or at 10% under certain tax treaties in the absence of a permanent establishment or a fixed place of work in India.

Similarly, interest payments to non-residents attract withholding tax at a rate lower than 20% under certain tax treaties. The PAN is required to be quoted in document pertaining relating to sale of property, sale or purchase of a motor vehicle requiring registration other than two-wheelers. Most of the banking transactions require PAN to be quoted.

jsw StEeL

Come on people lets have some activity in this group.

Sahilsri what about the US Markets? Any suggestions or any info on those? or perhaps anyone in this group?

Notice to all:
I can share some of my strategies in the group.Concepts & illustrations will be posted in the group & discussion will be in the thread.If most of u are willing to participate then let me know

For EOD use Fibonacci retracements to know the levels & Standard error channel to determine the trend.

Tools in the pic for intraday are
Daily Pivots
Previous Hi-Lo
Moving averages
&
Parabolic sar with my expert advisor