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Investment Gist Captured in an Image

Is Sensex Heading for New Heights?

As per available chart it appears certain that Sensex is heading for 34000 level but hold your horses as it has resistance at 33701 level and support at 32600 level and thus patience will pay.

You will have to wait as Nifty is likely to meander between 9400 and 10700 level. 

Is GMDC Ready to Give Good Returns?

As per available chart of GMDC stock is showing a good momentum coupled with volumes and thus can target 165, 180 level in medium term.

Stock has to cross 156 level with volume to target 165 level in short term. 

Support for stock exists at 132 level. 

4 Reliable Patterns to Trade to Make Money

It is very easy to undertake the postmortem i.e once the event is over. 

However, as a trader we must keep an eye on following patterns as it can give us more than 80% positive results if seen accompanied with indicators with most important being the volumes. 

Is Govt Looting General Public?

A Builder purchases 1000 sqm land in Goa for 1.5 cr. 

Economics of Government : 

Land purchase + Stamp duty + Registration + is 8 % = 8,00,000/-

Construction cost for 1000sqm SBA is 1300 × 20,000 = 2.6 cr

Sanctioned plan :

Cost for Architect plan @3% ( 7.8 lac) + RCC @2% (5.2 lac) of construction cost +  infrastructure tax @200sqm (2.6 lac) + overheads  which is = 

Land cost 1.5 cr
Stamp paper 8 lac
Plan 7.8 lac 
RCC 5.2 lac 
Tax 2.6 lac 
Mis 5 lac 

Total = 1.8 cr 

Builder has 13 apartments each 100sqm 

Each costing 45 lacs 


Flat Purchaser pays 45 lac + GST + Stamp Duty + Registration

GST 5.6 lac 
SD 1.35 lac 
Reg 90 thousand

Builder pays 1% VAT on 45 lac 

Total 8.3 lac


Per apartment sale government makes 8.3 lacs 

13 apartments × 8.3 lacs = 1.8 cr 

Builder had already paid ₹ 45 lac
Income tax for land purchase amount of 1.5 Cr.

Wait,

Land owner who sold land to builder paid approx 10 lac for capital gain to Government. 

All in this process after construction work was completed Builder earned profit 

Sale of 13 apartments 

13 × 45 lac = 5.85 Cr

Cost of construction 
1300 × 20000          = 2.6 cr 
Land cost
Architect RCC etc   = 1.8 cr 

Total.                        = 4.4 
Revenue                   = 5.85 

Profit                        =  1.45 cr 

After tax 1.45 cr - 30% = 1 cr 


Final economics: 

Builder earned 1 cr after working for 3 years selling off all his 13 units. 

Government earned

From vendor 10 lac 
From 13 unit sale by adding GST, VAT, Stamp Duty, Registeration 1.8cr 
From builder as IT 48 lacs 

Total 10 lac + 1.8 cr + 48 lacs 

Government earns 2.38 cr on zero investment 

In the minds of public builders are looting People.

This is economics of current situation

Wait.......... 

Height of all,

Profession tax , fringe benefit tax of staff , free gifts to Govt officials... I am already tired of calculations. 

Just remember Govt is your partner holding more than 75% shares without any investment.

This the ground reality of our tax structure.

Is Customer Liable for Loss due to Banks Negligence?

So far, under OLD rules, banks used to make Customer liable for all the transaction carried out (Genuine or fraudulent) until the time of reporting of loss of card / fraudulent transaction.

Now (in fact, from 6-July-2017), RBI has circulated NEW RULES. These apply for all card (Debit/ Credit / prepaid), Netbanking,  e-Wallets / Payment Bank Account, fund transfer Transactions. Here is the quick summary:

1. Customer MUST be notified of every Transaction via SMS AND ALSO email.

2. Customer liability is ZERO, If there is a security lapse / shortfall or negelgence of the bank system / process, IRRESPECTIVE , whether customer has reported the loss or not.

3. Customer liability is ZERO, if the loss / fraudulent transaction is reported in 3 WORKING days, EXCLUDING the day of receiving Transaction notification / intimation / communication by the bank.

4. If the loss / fraudulent transaction is reported in 4 to 7 working days, MAXIMUM liability of the customer is 10,000 (TEN Thousand only) for most of the cases / Account / card holders (i.e. up to 5 lakhs) and max 25,000 for all other.

Full circular is here:
 https://m.rbi.org (dot)in//scripts/notificationuser.aspx?Id=11040&mode=0
(Remember to replace word dot with actual)

That's really a very big relief. Personally I feel so protected now.

PS : please share with your friends and spread the awareness.

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