Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
Service Tax »
Open DEMAT Account in 24 hrs
 Filing ITR? Maximize Your Tax Savings With These 7 Allowance Benefits
 Extension of time limit for compliance to be made for claiming any exemption under Section 54 to 54GB of the Income-tax Act, 1961 ('Act') in view of the then-Covid-19 pandemic
 Missed Income Tax Return filing due date for AY 2022-23? Here s one more chance
 What are the tax saving investments other than section 80C for senior citizens?
 Gross Direct Tax Collections for FY 2022-23 register growth of 25.90%
 Your guide to tax saving with insurance-cum-investment products
 Govt likely to meet non-tax revenue target for FY23
 What is the tax liability for a senior citizen?
 Notification No.121/2022 CENTRAL BOARD OF DIRECT TAXES
 How tax on rental income is calculated: Step-by-step guide
 Moonlighting for additional income? Know the income tax rules

Advance tax numbers, Fed review to dictate Sensex movement
September, 15th 2014

The US Federal Reserve policy review on interest rates on September 16 and 17 will dictate the course of stock market movement in India this week. All eyes will be on the Fed statement and its future course of action. On July 30, the Fed went according to its plan by cutting its monthly bond purchases by $10 billion to $25 billion.

The market has already discounted the $10 billion cut in bond purchases, but is more concerned about when the Fed is expected to increase interest rates in the US.
The US economy, since the Lehman Brothers crisis, has been standing on its feet due to the support of huge liquidity that has been pumped into the banking system by the Fed. Now is the real test for the US economy and it has to be seen whether, with the tapering, can the US continue to grow. The economic indicators are still giving mixed signals. The markets, however, have discounted that the increase in US interest rates could be around July 2015.

The Reserve Bank of India (RBI) will closely watch the guidance given by the Fed when it announces its monetary policy on September 30. RBI Governor Raghuram Rajan has already shown his concerns on the damage it could cause on the rise in interest rates in the US. Any increase in rates will see a huge outflow of money from emerging markets and that could have a major impact on currency and markets.

Meanwhile, advance tax payment by India Inc on Monday, September 15, will provide a trigger for the equity market, which is now in a consolidating phase after a sharp rally in the past few weeks. The advance tax numbers will also hint on the Q2 (July-September 2014) corporate earnings. Advance taxes are collected in four installments -15 per cent by June 15; 40 per cent by September 15; 75 per cent by December 15 and 100 per cent by March 15.

On Monday, the government will also announce the Wholesale Price Index inflation numbers for August 2014. In July, the WPI was at 5.19 per cent.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2023 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting