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An Indian citizen or a person of Indian origin, who is not a resident as defined above, is called an NRI (Non-Resident Indian) for the purpose of taxation. One can avail of share market tips at 24cfin to elaborately know about the taxation norms. NRIs have the option of being covered by the special provisions of chapter XII A of the Income Tax Act, for investment income earned on assets. Interest earned on NRE accounts, FCNR and RFC deposits are exempt from tax. Any investment income from specified assets is taxed at the rate of 20% and long-term capital gains at the rate of 10%. Specified assets include shares, debentures, government securities, deposits and other notified assets acquired out of foreign exchange. The NRI will not have the benefit of deduction under chapter VIA or benefit of cost indexation for capital gains, if they chose to use the concessions of this chapter. They do not have to file income tax return if the income covered under this head is the only income f

KYC is mandatory for all investors (individuals and non-individuals) in a service providing scheme, irrespective of the amount invested. In case of joint applications for a fund, all the joint holders need to be KYC compliant. For investments by a minor, the Guardian should be KYC compliant. The minor, upon attaining majority, should immediately apply for KYC compliance in his/ her own capacity and intimate the concerned option trading tips providers. Investors who wish to invest through a Power of Attorney (PoA) holder have to ensure that both the investor and the PoA holder should be KYC compliant. SEBI has issued the KYC Registration Agency Regulations, 2011 in exercise of the powers conferred under the SEBI Act. Under the said Regulations, a KYC Registration Agency (KRA) is a company formed and registered under the Companies Act, 2013 and which has been granted a certificate of registration under the Regulations. The KRA must obtain the KYC documents of the client

Commodity Market Wrapup MCX Outlook Base Metals fall sharply; Short-term outlook weak Base Metals decline sharply in intraday despite Chinese inflation beating expectations in October. Nickel is the worst performer currently losing over three percent to trade at 794.90 whereas Copper is at 440.65, down 4.45 or a percent currently. After the Chinese customs report showing that imports of refined copper dropped on a monthly basis, the government reported that the inflation grew at a steady pace in October beating expectations at 1.9% compared to 1.6% in the previous month. The market seems to have taken this on a negative note as the figures on base metals consumption did not match with the solid growth figures.China has been shifting its growth policies from the commodity-centrist build in the recent months by banning and enforcing policies on base metals import and production. The short-term outlook on base metals remain solid but corrective price

Equity tips:- NIFTY :- The Indian equity markets have erased all its early gains and have slipped in the red after reports stated that media reports stated that US warship entered Chinese waters. There were also reports that President Donald Trump discussed a "range of options" with top military advisors to reply to North Korea's hostility and avert it from intimidating the US. Bank Nifty led the decline, as it fell over 1%. PSU banking stocks were the top laggards led SBI and Bank of Baroda. Even private bank majors like ICICI Bank, HDFC Bank and Kotak bank ended with losses. HDFC Bank, Reliance Industries, ITC and Infy were the top contributors to the fall in the Nifty.

Market Wrapup Base Metals fall sharply; Short-term outlook weak Base Metals decline sharply in intraday despite Chinese inflation beating expectations in October. Nickel is the worst performer currently losing. over three percent to trade at 794.90 whereas Copper is at 440.65, down 4.45 or a percent currently. After the Chinese customs report showing that imports of refined copper dropped on a monthly basis, the government reported that the inflation grew at a steady pace in October beating expectations at 1.9% compared to 1.6% in the previous month. The market seems to have taken this on a negative note as the figures on base metals consumption did not match with the solid growth figures. China has been shifting its growth policies from the commodity-centrist build in the recent months by banning and enforcing policies on base metals import and production. The short-term outlook on base metals remain solid but corrective price swings in the immediate t

  Equity tips:- NIFTY :-                                        Nifty, Sensex end in negative territory  Major benchmark indices, Niy and Sensex closed lower by 26 points or 0.26% at 9,888 level and 79 points or 0.25% at 31,592 level. There were 933 advances, 706 declines and 325 unchanged stocks on NSE indicang posive breadth floang in the market. India VIX ended lower by 1.52% at 11.62 level. In the broader markets, BSE Mid-cap index closed at 15,691 level, up by 77 points, while BSE Small-cap index closed at 16,449 level, up by 128 points. Bank Niy ended at 24,058 level, down by 55 points or 0.23%. Selling acvity was seen in sectors including IT, FMCG, Telecom and Auto, while all the other sectoral indices on BSE closed in the posive territory. Niy Media index was the top gaining index ending at 3012 level, up by 0.60%. Niy Financial Services index ended lower by 0.44% at 9956 level. Punjab Naonal Bank was the top gainer in the Bank Niy index atRs 132.

  Equity tips:- NIFTY :-                                                  Market closes higher for 3rd straight day  Market ended with positive sentiments after witnessing mild volatility closing in positive territory for the 3rd straight session after 7 day losing streak. BSE Sensex closed higher by 213 points or 0.68% at 31,497 levels and Nifty ended at 9,859 levels up 0.72% or 70 points.  Nifty Metal index was the top index gainer among sectoral indices on NSE. In the mid hours of trade, Nifty Auto index roared on bourses after auto players reported their September sales figures. Nifty Auto closed higher by 0.86% at 10,903 levels. In the closing hours of trade, Panama Petrochem witnessed a spike in share prices and got locked in upper circuit at the closing hours. The stock closed higher by 13.38% at Rs 165.70 per share. Oil marketing companies also ticked higher on the final minutes of Tuesday’s trade. OMC’s namely IOC closed higher by 1.77% at Rs 40