First, a consultation paper published by the Securities and Exchange Board of India (Sebi) said in 2023-24, on average, 85 out of every 100 individuals trading in index derivatives, lost money. Once the cost of trading was taken into account, 90 out of 100 lost money. Second, the paper pointed out that on average a … Read more
But first, what’s a portfolio investment scheme? It’s an arrangement introduced by the Reserve Bank of India to enable NRIs to invest in the stocks of Indian companies, and allows for both repatriation and non-repatriation of profits. But there are differences in PIS and non-PIS accounts that you need to consider before deciding on one. … Read more
The Securities and Exchange Board of India (Sebi) has revised the criteria for the entry and exit of stocks in the derivatives segment. Under the revised norms, the regulator has raised the median quarter sigma order size (MQSOS) for the previous six months on a rolling basis to ₹75 lakh from the existing ₹25 lakh. … Read more
You submit documents not just once but repeatedly over time. Failure to do so can result in your accounts being frozen, blocking further transactions. This rigorous process is part of anti-money laundering guidelines ensuring institutions have up-to-date customer information. The KYC paradox However, while institutions verify your credentials, you seldom scrutinize the qualifications of those … Read more
NEW DELHI : Ahead of the Union Budget 2024-25, rumours were rife that tax on futures and options (F&O) would be increased to curb the increasing retail participation in the derivatives market. But while the Centre didn’t touch F&O, barring a nominal increase in securities transaction tax (STT), it increased tax on short- and long-term … Read more
The idea is to use it as a tax book while filing returns. However, instead of easing compliance, it has often increased the burden on taxpayers mostly because details related to equity transactions in the statement are inaccurate. To make matters worse, the onus of fixing the errors lies with the taxpayers. Experts said the … Read more
His early investments, however, lacked direction and focus, Mishra admits. To get some feedback, he anonymously posted his portfolio on Reddit, a community-based platform. A fellow user pointed out that his portfolio was overcrowded with too many mutual funds, prompting Mishra to rethink his investment strategy. At the time, Mishra had 14-15 mutual fund schemes … Read more
The finance ministry plans to impose higher taxes on futures & options (F&O) transactions in the upcoming Union Budget, as per recent reports. Proposed changes include reclassifying these transactions as ‘speculative income’ from ‘non-speculative business income’ and potentially introducing TDS on them. This news has unsettled the trader community. Let us understand why. Derivatives are … Read more
The upcoming Union Budget is expected to propose changes in the tax treatment of income from futures and options (F&O) segment with an aim to discourage retail participation in the derivatives trading, a report said. Along with various options, the government is said to consider moving income from F&O trading from the head of ‘business … Read more