MUMBAI: The taxman may knock on your door if you bought gold immediately before or after high denomination currency notes were withdrawn even if you paid for the precious metal by cheque or credit card. Excise authorities have issued notices to 600 jewellers to give details of stocks and sales for each day from Nov 7, a day before the announcement, to Nov 10, the India Bullion & Jewellers Association told ET. This might be one of the reasons to have caused jewellery and bullion demand to fall sharply in the days after the notices were issued last Friday. Surendra Mehta, chartered accountant & secretary of IBJA, has said that the tax notice to 600 jewellers on November 11 asks them to furnish not just the quantity and value of gold they've purchased but also quantity and price details of sales to customers. Where the value and quantity of sales are high, excise authorities could simply ask jewellers to furnish customer details, irrespective of whether they (customers) … [Read more...] about Income Tax men may come calling on gold buyers
Stock market pe ratios
As the government's revenue from taxes and other sources fall short of its spending requirements, the government resorts to borrowings from markets and external sources. Public debt is the total liabilities of the central government contracted against the Consolidated Fund of India. It is further classified into internal & external debt. Internal debt is categorised into marketable and non-marketable securities. Marketable government securities include G-secs and T-Bills issued through auction. Non-marketable securities include intermediate treasury bills issued to state government's, special securities issued to national Small Savings Fund among others. Based on the spending targets and likely resource mobilisation on tax and non-tax front, the government announces its borrowing programme for the fiscal in the Budget. What is the size of Public Debt? The size of the government debt is important as a sizeable chunk of annual payments (around 25 per cent) is just the interest … [Read more...] about What constitutes Public Debt?
Apollo microsystems @69 Exit on rise Apollo [email protected] Hold Arvind Fashion @51 Exit on rise Bank of [email protected] Exit on rise [email protected] Hold [email protected] Exit on rise [email protected] Exit on rise [email protected] Exit on rise [email protected] Hold Deepak fertilizer @99 Exit on rise [email protected] Exit on rise [email protected] Exit on rise M&[email protected] Hold [email protected] Exit on rise Reliance infrastructure @121 Exit on rise National Aluminum @49 Hold [email protected] Exit on rise [email protected] Hold … [Read more...] about What shares should you invest in if you had Rs 5 lakh?
After starting the week on a corrective note, the market recouped some of its losses on the last two trading sessions of the week. The market has remained volatile in the last few days, and the headline Nifty index has traded in a wider-than-usual range. The index oscillated in an over 340-point range, but did not see any clear breakout and remained shy of the all-time high mark. The headline Nifty index ended a volatile week with a net loss of 104 points, or 0.84 per cent. Taking a look at the broader technical structure, Nifty has not moved past the pattern resistance that exists in the form of a rising trend line. The volatility index, India VIX, rose 10.14 per cent to 15.56 after remaining flat in the week before this week. Looking at the weekly charts and reading them along with the shorter-term timeframe charts, it appears that Nifty has put an intermediate top in place. The 12,430 level will be crucial to watch, and the next one being the expiry week, we expect … [Read more...] about Dalal Street week ahead: Protect profits ahead of F&O expiry & Budget
NEW DELHI: Public debt of the central government rose by 2.53 per cent to Rs 65.65 lakh crore in the July-September quarter compared to the previous quarter. "The Public Debt (excluding liabilities under the 'Public Account') of the central government provisionally increased to Rs 65,65,652 crore at end-September 2017 from Rs 64,03,138 crore at end-June 2017," the Quarterly Report on Public Debt Management for July-September 2017 said. Internal debt constituted 93 per cent of public debt at end-September 2017, while marketable securities accounted for 82.6 per cent of public debt. About 27.8 per cent of outstanding stock has a residual maturity of up to five years at end-September 2017, which implies that over the next five years, on an average, around 5.56 per cent of outstanding stock needs to be repaid every year. "Thus, rollover risk in the debt portfolio continues to be low," the report said. During the second quarter, the government issued dated securities worth Rs 1.89 lakh … [Read more...] about Government’s public debt rises by 2.53% in July-September quarter