Government to go ahead with Rs 40,000 crore tax demand from FIIs –
Foreign institutional investors (FIIs) have lost a case against levy of tax on capital gains they made. They had gone to a tribunal, which is called Authority for Advance Rulings against levy of 20 percent Minimum Alternate Tax (MAT) on capital gains but got a judgment against themselves as the tribunal decided against them.
Finance Minister Arun Jaitley said the government will press ahead with Rs 40,000 crore tax demand on FIIs as they lost a case against levy of tax on capital gains they made. Jaitley said if the government did not tax FIIs, India would look like a haven. He further added that the amount involved is Rs 40,000 crore and I can change the face of India’s irrigation with that Rs 40,000 crore. He also mentioned that government has abolished the MAT from April 1, 2015, but the demands pertain to tax related to earlier period and FIIs wanted it to be waived.
India introduced MAT in 1997 as a means of combating tax avoidance among domestic businesses. In its budget in February, the Indian government clarified that no FII would be liable for MAT after April 1, 2015. However, in the biggest-ever tax demand slapped on FIIs, nearly 100 foreign funds were asked to cough up an estimated $5-6 billion for ‘untaxed gains’ made by them in the domestic markets over the past years.
Till March 31, close to 100 FIIs got notices from the Tax Department for MAT of 20 per cent and were followed up with Assessment Orders. Foreign investors have said that the move goes against the government’s stated position of providing a ‘non-adversarial and stable tax regime’
Source : Livemint.com
HEROMOTOCO Slide from 2552 to 2510
Last Two days boldly written HEROMOTOCO Ready to slide
Yes……… Today broken strong support level 2552
Now cracked 2510………
Hot Call clients Enjoyed every Day!!!!
Shortly will test 2400+
Updated : 03.22pm / 15th April’15
ITC Rocked……. 351 to 358. Geojit crossed breakout level…..
Monday our BTST Call ITC Fut at 351………
Now Blasted & Kissed our Target 358!!!!
Another BTST Sunpharma Fut small Stop-loss Triggered 5 points!!
GEOJITBNPP crossed Strong breakout level 56.50
If close above 58……….. Ultimate Target 70+
Updated : 02.02pm / 15th April’15
March WPI Inflation At -2.33% Vs -2.06% (MoM)
March WPI Inflation At -2.33% Vs -2.06% (MoM)
Food Articles Inflation At 6.31% Vs 7.74% (MoM)
Non-food Articles Inflation At -7.12% Vs -5.55% (MoM)
Primary Articles Inflation At 0.08% Vs 1.43% (MoM)
Manufactured Pdts Inflation At -0.19% Vs 0.33% (MoM)
Fuel, Power Group Inflation At -12.56% Vs -14.72% (MoM)
Vegetable Inflation At 9.68% Vs 15.54% (MoM)
Updated : 12.15pm / 15th April’15
15th April’15 Nifty Future Update
NIFTY FUTURE closed : 8855.45
Monday NF crossed major hurdle level 8850 & Closed above the level
NF made a high of 8872.20 & low of 8790.30
Our positional call NF was Stop triggerd
FII’s sold almost 170cr in Index Future!!
Today’s Nifty Future consider Support 8830 & 8810 levels
Once if stays below 8810 with volumes then will check 8760 level
This week Remaining days NF trend decider around 8760 only
Today’s NF facing Resistance 8860 & 8880 levels
If crossover 8880………… then will move 8910++
Where to Entry, Exit and Reversal point update to our clients on Live Market
Updated : 08.45am / 15th April’15
15th April’15 Banknifty Future levels
BANKNIFTY Future closed : 18856.45
Today’s BNF consider Resistance 18900 & 18975 levels
If crossover 18975………… will move 19100+
Stay caution at higher levels!!!
Today’s Supports 18800 & 18735
If stays below 18735……….. Will check 18600+
Trade with our levels!!!
More live market update to our clients only
INDUSINDBANK Strong breakout level 963
Above the level………… we see Fly up to 980 & 1000 marks
Watch above the levels!!!
Updated : 08.43am / 15th April’15
15th April’15 Hot Calls
DABUR
(Closed : 283.65 )
DABUR Consider Resistance 287
Once if crossover the level with volumes
Will find next level 292 & 295
SUNPHARMA
(Closed :1150.90 )
SUNPHARMA Looks very very HOT
Every lower levels Buying chance…….. around 1140-1150 level
Find the Resistance level 1175 & 1200
ADANIENT
(Closed :661.80 )
Monday Recommend ADANIENT @ 650………. Rocked upto 664
Again Today can watch around 655
Find the next Resistance 675 & 685
Keep a Stop of ??
HEROMOTOCO
(Closed : 2583.85 )
HEROMOTOCO now trading near by Support level
Today once if breaks the level
Fall will be expected up to 30-50 pts from our alert
Which level will breaks???
Clients special call
GUESS
Today’s GUESS………
XXXX BUY ABOVE 400 TARGET 405 409
STOP-LOSS 397
Guess………….. Which stocks ???
( Yesterday’s Guess call :Not activated & same call Today )
Updated : 08.36am / 15th April’15
