Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: due date for vat payment :: ACCOUNTING STANDARD :: VAT RATES :: TDS :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: form 3cd :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment
 
 
« General »
 Banking transaction tax to have cascading effect: NIPFP
 While filing tax in India, NRIs do not have to state overseas income
 Tax ease on cards, some daily use items may become cheaper
 It’s one year of GSTN, too
 SBI home, auto loan interest rates cut, set to be effective from Nov 1
 MNCs will have to furnish extra disclosures from March 2018
 High Court Allows Woman To File Income Tax Returns Without Quoting Aadhaar
 If tax status is no longer NRI, all your income is taxable in India
 Tax Benefits from Different Types of Loans under the Income Tax Act, 1961
 Do you have any question about tax filings? Now, chat online with income tax experts to clear your doubts
 DHFL loan to Manpreet Estates under tax scan

Global cues, tax code draft to chart market course
June, 14th 2010

Indian stocks may continue to look overseas for direction in the week ahead. But analysts see limited upsides from these levels, as investors are expected to book profits since uncertainty about Europes health is yet to recede. Investors will closely watch the contents of the revised direct tax code draft, which is likely to be published by the finance ministry this week for public opinion.

The market (Nifty) has 5000-5050 acting as a strong support zone and will have to look for positive cues from global markets to build on recent gains, said Dipan Mehta of Dipan Mehta Shares and Stock Brokers. Last week, the Nifty shed 0.3% to 5119.35.

With local economic data, including last weeks industrial production reading for April, which is at a 20-year high, remaining robust, investors have little doubts about the recovery in the Indian economy. But they fear Indias economic growth would be affected, if problems in Europe are not solved.

A mood of depression pervades global equity markets.

Most investors we speak to believe that the global economy faces a double dip and that structural issues, such as sovereign debt, will keep global growth sub-trend for a prolonged period, said Garry Evans, global head of equity strategy at HSBC.

But the bank thinks such fears are stretched. We are happy to stick to our view that this is a normal correction, not a new bear market, and that some countries equities, especially in emerging markets, now offer interesting opportunities, said Mr Evans.

Barclays Capital, in a report, said, We believe that markets have overreacted assuming that the recovery is losing strength. But we do underestimate the existing difficulties from the European sovereign issues to the risks of a Chinese bubble. Analysts expect shares of Reliance Industries (RIL) to surge further this week on news of its Infotel Broadband acquisition. The stock rose 3% to close at Rs 1,046.25.

This could be a good diversification strategy, as RIL was looking for opportunities to deploy free cash, but it will also intensify competition as existing players will have to deal with a large player with deeper pockets, said Gaurav Dua, head-research, Sharekhan.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions