Saurabh Mukherjea has issued the soothing assurance that we are in the midst of a “cyclical slowdown” and not a “structural slowdown“. This implies that it is only a question of time before the cycle turns and multibagger gains begin gushing out of stocks. He has recommended that we take advantage of the slowdown to tuck into stocks at bargain basement prices and also recommended a few to us
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Investor Makes 282x Gain (In 12 Months) From Penny Stock But Gets Busted By Tax Sleuths
An investor had the good fortune of raking in a mammoth 282x gain from a penny stock. However, when he went to the Tax Office and claimed the gains as tax-free, he was in for a rude shock. It was held that his transaction is sham and bogus and that he tried to convert his undisclosed income into tax-free LTCG
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