AKT Consultancy

Gold and other jewellery are precious so be careful when buying.
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GST on Jewellery - BIS Check Genuine Gold Hallmarking - BIS hallmarked gold jewellery to check its purity:Gold jewellery must feature the BIS mark, which is symbolised by a triangl...

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RBI HAS DECIDED TO WITHDRAW ₹2000 NOTES WHICH ARE IN CIRCULATION.
WHICH MEANS-

1. IT IS STILL A LEGAL TENDER
2. IT WILL STILL BE USABLE
3. BANKS WILL HAVE TO DEPOSIT ALL ₹2000 NOTES TO RBI AND TAKE OTHER DENOMINATIONS OF SAME VALUE
4. THIS IS NOT DEMONETISATION
5. NOW YOULL NOT GET ₹2000 NOTES FROM BANKS WHEN YOU WITHDRAW.
6. RBI WILL STOP PRINTING THE SAME.

Happy new financial year to all stockholders

11 big income tax rule changes from today i.e. 1 April 2023 for taxpayers. Details here

There are many changes in the income tax rules effective from this financial year. Changes in income tax slabs to tax rebate limit raised, No LTCG tax benefit on some debt mutual funds are some of the major changes effective from 1 April 2023.

1) New income tax regime to be default regime - Starting, 1 April 2023, the new income tax regime will act as the default tax regime. Tax assessors will still be able to choose from the prior regime. Salaried and pensioners: the new system's standard deduction for taxable income exceeding Rs.15.5 lakhs is Rs52,500. The government in Budget 2020-21 brought in an optional income tax regime, under which individuals and Hindu Undivided Families (HUFs) were to be taxed at lower rates if they did not avail specified exemptions and deductions, like house rent allowance (HRA), interest on home loan, investments made under Section 80C, 80D and 80CCD. Under this, total income up to ₹2.5 lakh was tax exempt.

2) Tax rebate limit raised to Rs7 lakh - The enhancement of tax rebate limit to Rs7 lakh from Rs5 lakh means that the person whose income is less than ₹7 lakh need not invest anything to claim exemptions and the entire income would be tax-free irrespective of the quantum of investment made by such an individual.

3) Standard deduction - There is no change in standard deduction of Rs50000 provided to employees under old tax regime. For pensioners, the finance minister announced extending the benefit of standard deduction to new tax regime. Each salaried person with an income of Rs15.5 lakh or more will benefit by Rs52,500.

4) Changes in Income Tax slabs - The new tax rates are - 0-3 lakh – nil. 3-6 lakh - 5%. 6-9 lakh- 10%. 9-12 lakh - 15%. 12-15 lakh - 20%. above 15 lakh- 30%

5) LTA - The leave encashment for non government employees is exempt up to a certain limit. This limit was Rs3 lakh since 2002 and is now increased to Rs25 lakh

6) No LTCG tax benefit on these Mutual Funds - From April 1, investments in debt mutual funds will be taxed as short-term capital gains. The move would strip investors of the long term tax benefits that had made such investments popular.

7) Market Linked Debentures (MLDs) - Also, investment in Market Linked Debentures (MLDs) post April 1 will be short term capital assets. With this, grandfathering of earlier investments will end and the impact on the mutual fund industry will be slightly negative.

8) Life Insurance policies - Proceeds from life insurance premium over the annual premium of Rs5 lakh would be taxable from new financial year i.e. from 1st April 2023. Finance Minister Nirmala Sitharaman, while presenting Budget 2023, aslo announced that the new income tax rule won't be applicable on ULIP (Unit Linked Insurance Plan).

9) Benefits to Senior Citizens - The maximum deposit limit for senior citizen savings scheme will be increased to Rs30 lakhs from Rs15 lakhs. The maximum deposit limit for monthly income scheme will be increased to Rs9 lakhs from Rs4.5 lakhs for single accounts and Rs15 lakhs from Rs7.5 lakhs for joint accounts.

10) Physical gold conversion to e-gold receipt not to attract capital gains tax - While presenting Budget 2023, Sitharaman said there will not be any capital gain tax if physical gold is converted to an Electronic Gold Receipt (EGR) and
vice versa. This will be effective from 1 April 2023.

11) Linking of PAN and Aadhar extended to 30th of June 2023.

Hope this helps you to create your wealth 😊

For more updates follow our page

Gurgaon Secotor 31
Accounts payable -Accounts Receivable - GST
Basic Accounting. GST, Advanced Excel
Experiance : 1-2 Years
No of Requirement : 10
Duration : 3-4 Monthds

Mail your CV at [email protected]

🙏

Happy Ganesh Chaturthi💐😊🙏

Need two female tele caller candidate for preet vihar Delhi location are required.
Having knowledge of Computer.
Interested candidate share CV at
[email protected]
[email protected]
Mobile: 8929767775

Dear Salaried and non audited person kindly file your ITR

Very excited to tell you all that we are reaching countries from all over the world along with India. 🤘😊
Keep supporting guys

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📍 Attention 📍
Link your PAN with Aadhar on or before 31st March 2022
If any inconvenience occurs please contact us we are here to help you.
Team AKT CONSULTANCY

31 March 2022 -
Due date for linking of Aadhaar number with PAN

We are here to help you
File your return and avoid penalties
Any query drop comment team will reach you
Team AKT Consultancy

नारी है अभिव्यक्ति का नाम
नारी इच्छाशक्ति का नाम।
नारी कोे कम मत समझो,
ये सबल रूप संयम का नाम।
माँ जो पूज्यनीया गुरु प्रथम,
बहन बचपन का साथी।
प्रेयसी सुख का भान कराती,
पत्नी सुख-दुख की साझी।
नारी के बिना ज्ञान अधूरा,
मानव का संसार न पूरा।
जन्मदायिनी, शोकनाशिनी,
कुछ शोखी कुछ सादगी।

Happy International Woman's Day 💕

महाशिवरात्रि की असीम शुभकामनाएं ।
हर हर महादेव🙏🏻

Congratulations on your startup! we believe that your business will grow and be very successful because you are a hardworking and very determined person. Wishing you all the best in this new venture you have embarked upon...
'LP AUTOMOTIVE PVT LTD"
From
Team Akt Consultancy

Need 4 candidate for accounting having sound knowledge of Tally and Excel for a Bihar government Project
Location- Patna & Gaya
Interested candidate share CV at [email protected]
My team will contact as per experience.

Need a local candidate tomorrow for Audit having android phones.
Location - DDPM Tower, Haridwar By Pass, Ajabpur Khurd, Dehradun-248001

🙏💐🙏

चौठ चंद्र पूजन एवं गणेश चतुर्थी की शुभकामनायें 🙏🏻

Akt consultancy wishes you a very happy janmashtami.
जय कन्हैया लाल की।

🇮🇳

Why Technical Analysis reject the concept of Intrinsic Value

Followers of the technical approach believe that future market trends can be predicted accurately only by analysing past price movements.

INTRINSIC VALUE MAY BE UNSTABLE :

Intrinsic value is calculated based on a company’s fundamentals as of today. Future fundamentals are an estimate based on your own calculations. It is, thus, a hypothetical figure. This is not dependable. Events in the future may change these fundamentals significantly.
For example, if the economy turns up, or if a company acquires another company, its sales may increase dramatically. This will lead to an increase in its intrinsic value. However, these possibilities cannot be factored into intrinsic value calculations in advance. Technical analysis, in contrast, is more adept at predicting them.

INTRINSIC VALUE ESTIMATION IS NOT POSSIBLE FOR ALL ASSETS CLASSES :

The flaw of the intrinsic value approach is that it cannot be used for all asset classes. In case of stocks, there are fundamentals such as future dividends, sales revenue and earnings. So the intrinsic value approach can be used. However, markets also trade in assets such as commodities, metals and currencies.

How can you estimate fundamentals for these? For example, if you invest in gold, how can you estimate its future earnings or future dividends? Gold is not a company. It neither earns income nor pays dividends. In such cases, only technical analysis can be used for estimating value.

MARKET VALUE MAY NOT APPROACH INTRINSIC VALUE SOMETIMES :

Another flaw of fundamental analysis is that prices may not appreciate enough to equal intrinsic value in the future. For example, say we assume that the stock is currently priced at Rs 100. The relative value analysis suggest that it could appreciate to Rs 115.

However, this will only happen if other investors in the market think like you. Only then will they all invest in the stock and make its price go up. However, other investors may not always think like you. This is particularly true of stocks of smaller companies, which are considered too risky to invest in. So, despite a lot of potential, these stocks may never go up.

This will keep you from making money, even though your analysis is perfectly accurate. Technical analysis is free from this flaw. This is because it is based on an analysis of historical market trends and stock demand-supply patterns. These are more realistic.