A novice who bought the stock of an unknown penny stock has raked in a mammoth gain of 3100% in just 24 months. The best part is that the Tax Tribunal has upheld his claim that the gains are 100% exempt from tax
Posts tagged penny stocks
My Strategy Of Betting Big On Chor Companies Has Backfired: Porinju Veliyath
Porinju Veliyath has ruefully conceded that his strategy of betting big on “improving corporate governance in a structurally changing Indian economy” has backfired. However, he has assured that this is a temporary phase and it is too early to write it off
Radhakishan Damani Endorses Porinju Veliyath’s “Chor” Theory & Buys Recommended Stock
Porinju Veliyath’s theory with regard to buying stocks of “chor” promoters has been cold-shouldered by investors. However, the endorsement of the theory by none other than Billionaire Radhakishan Damani means that we can no longer ignore it but have to pay attention and implement it
Is Mohnish Pabrai’s Latest Stock Pick A “Screaming Buy” Multibagger Or An Overvalued Compounder?
Mohnish Pabrai’s latest stock pick has baffled experts. Some have opined that the stock is overvalued and is not a screaming buy. However, others have opined that it is a “hidden gem”
High Court Busts Penny Stocks Scam & Ends Claim Of Bogus Long-Term Capital Gains
Penny stocks have long been abused by unscrupulous taxpayers to launder their unaccounted money by showing them to be tax-free long-term capital gains. The Bombay High Court has thankfully put an end to the menace and brought the tax evaders to book
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