Author: Subham Modi

Featured Subham Modi

What The Blog Is About

Now I know most people will be wanting me to just get to posting but I thought it would be important to tell everyone what I will be posting about, I made this blog as a way to compile all the information someone would need to achieve financial stability and grow their wealth.

Types of things that will be on the blog

  • Basics of investments (such as)
    • index funds
    • mutual funds
    • stocks
    • dividends
  • industries
  • business equipment
  • financial freedom ideology
  • marketing
  • tax related

“ slmtax.home.blog ” is a one stop shop for everything that you need to be financially free, I will be covering everything in the finance and business world.

Thanking You

Subham Modi

Contact : 9933069117

Subham Modi

Investing During The Covid-19

It is always a smart idea to invest any spare money, and with the coronavirus going around it might be the last thing on your mind. However, probably the only positive thing that has come out of the virus are the benefits for people getting into investing and in return it also helps the economy by putting more money into the stock market. This page will be going over multiple topics: the purpose of the stimulus bill because the first wave of checks just recently happened, the importance of investing because that is one of the best ways to grow your wealth, stocks and index funds that would be a safe investment to give you residual income over time, and last will be the potential people have if they keep investing and how it can lead to a big increase in their income.

What is the point of the Stimulus Bill?

We have all been hearing about and reading about the stimulus bill,either from another website, from the news, etc. you have been reading about it. I am here to talk about what the point of it is so lets get into it. With the virus going full on at the moment and everyone still being on a stay at home order, businesses haven’t been able to make the sales that they need to make in order to stay open and that’s a big deal because 2/3 of the United States economic transactions are consumer spending, so they added the stimulus bill so that people can get money and spend it so why not spend it on the stock market.

Importance Of Investing

Investing is the way a lot of people find financial freedom and are able to increase how much they make a year, heck some people even live off of making investments such as Rakesh Jhunjunwala , a man whose net worth is 190 Crore USD, now i’m not saying that everyone should invest for a living but I am saying that everyone should invest on the side at least, I can guarantee you that if you keep investing over the course of your life that you will be able to at lest increase your income by $ 10k a year.

Potential If you Keep Investing

Now you probably wont be making no more than $100 a year but if you just invest $400 a month then you will be able to increase your income a year by $50 and you don’t lose the money you put in and even if the value of the stock goes down then it isn’t a big deal due to the dividend income and if you keep investing more and more as you grow in your career and over many years you could be potentially making $48,000 a year while you sleep and that would be on top of your income from your daily job.

For any query regarding Investment

Contact : 9933069117

Thanking You

Subham Modi

Subham Modi

Commodity Future Trading

Commodity Trading

Commodity futures trading is an often-overlooked investment arena. There are a number of reasons for this. First of all, it’s simply not an investment that’s publicly touted as widely as stock trading and other more common investments. Commodity futures trading is different from stock trading, so it does require traders to learn how to handle investments in a different type of market. Also, many investors have been scared away from commodity trading by horror stories from investors who lost huge sums in the commodity markets. The truth is that while commodity trading is a higher risk
venture than conservative fixed-income investments or traditional stock trading, it is nonetheless a market in which it is possible to generate high returns that more than justify the additional risk.

Understanding Future Contracts

Commodity futures are traded in the form of contracts of a standardized size (for example, 5,000 bushels of wheat) that expire in different months. This is obviously different from stock shares that have no expiration date and can be held indefinitely. Futures for a given commodity can usually be traded as far ahead in time as two to three years, however, the vast majority of trading nearly
always occurs in the contract with the closest expiration date, known as the “front month”.

Futures prices are more subject to sudden, volatile price changes than stocks typically are. A stock that has a long history of steady price appreciation or dividend payouts is likely to continue that trend. But with commodity futures, a downtrend in price can change to an uptrend literally overnight due to factors such as an unexpected freeze or drought during growing season.

Futures contracts are divided into five main categories:

  • Agricultural futures, such as corn, wheat, orange juice, and cocoa
  • Livestock futures, such as lean hogs and live cattle
  • Energy futures, such as oil, heating oil, and natural gas
  • Metals futures, such as gold, silver, and copper
  • Financial futures, such as Treasury bonds, stock indexes, and
  • currencies

Thanking You

Subham Modi

Subham Modi

Basics of Investments

The question that hovers in your mind is, can a layman without any finance background understand the stock market?

Certainly you just need to understand the basics of Investment.

What are the basics of investments ?

The money you earn is partly spent and the rest saved for meeting the future expenses. If you keep your savings idle it’s nominal value remains the same but real value decreases by prevailing inflation. This can be defined by the following formula :

Real Rate of Return = Nominal Rate of Return – Inflation

Instead of keeping the savings idle, you park it somewhere to get a return on this capital in the future. This is called an investment. There are various avenues for investment. You may invest in the bank deposits, postal deposits, real estate, jewelry, paintings, life insurance, tax savings schemes likes PPF/NSC or stock market related instruments called securities like shares, debentures, bonds, etc. However, the return from each investment option depends on the associated risk. The riskier the investment, the higher will be the return. For instance, stock market related investments are risky, but makes you earn more returns than other modes of investment.

What are the benefits of investing in the Stock Market ?

Stock Market investments offer you benefits like easy liquidity, flexibility of amounts invested/ disinvested, reasonable returns and a regulatory framework to safeguard your rights. Shares are the most popular form of stock market investments due to their higher potential for capital growth.

Thanking You

Subham Modi

Subham Modi

Blue Chip Stocks

Hey Investor, Interested in learning something new today? Let’s Go with our new topic Blue Chip Stocks. So, What are Blue Chip Stocks???

Large companies that are well established and consistent performers are blue-chip companies/stocks. Basically these companies mostly don’t have debts or very low debts and you will see reputed names in this list.

Here’s a list of Blue Chip companies in India

TCS

TATA Consultancy Services Limited is the biggest Indian multinational information technology service and consulting company, and is headquartered in Mumbai, Maharashtra, India

HDFC

HDFC Bank Ltd. is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. HDFC Bank is India’s largest private sector lender by assets. It is the largest bank in India by market capitalisation as of March 2020

ASIAN PAINTS

Asian Paints Limited is an Indian multinational paint company headquartered in Mumbai, Maharashtra. The company is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services.

ITC

ITC Limited is an Indian multinational conglomerate company headquartered in Kolkata, West Bengal. Established in 1910 as the ‘Imperial Tobacco Company of India Limited’, the company was renamed as the ‘India Tobacco Company Limited’ in 1970 and later to ‘I.T.C. Limited’ in 1974.


NESTLE INDIA

Nestlé S.A. is a Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland. It is the largest food company in the world, measured by revenues and other metrics, since 2014.

RELIANCE INDUSTRIES

Reliance Industries Limited is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications.


INFOSYS

Infosys Limited is an Indian multinational corporation that provides business consulting, information technology and outsourcing services. It has its headquarters in Bangalore, Karnataka, India.


EICHER MOTORS

Eicher Motors Limited is an Indian manufacturer of motorcycles and commercial vehicles. Eicher is the parent company of Royal Enfield, a manufacturer of middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden’s AB Volvo – Volvo Eicher Commercial Vehicles Limited.

Subham Modi

Contact : 9933069117

Subham Modi

How to invest in Share Market?

If you’re saving money for a Goal and won’t need the cash for at least five years or so, the money should be invested. Unfortunately, many people are afraid to invest or don’t do it because they don’t know how to get started.

The good news is, investing can be easy, and you don’t have to know a lot about the stock market to to make wise investment. You just have to follow these simple steps to get your money into the market.

Before you start investing make sure you have this following things :

  • Savings Account
  • Demat Account
  • Smartphone and internet

Docs required to open an Demat Account :

Adhaar, Pan, Photo, Signature scanned photo, Bank statement of 6 month

3 important things :

  • Pay off your debts
  • Invest surplus/additional amount
  • Keep some cash in hand

Let’s Invest……

  • Define your goal
  • Create plan
  • Read Books
  • Open Demat Account
  • Research Stocks
  • Keep learning, researching and write down important points/data/info
  • Have an exitplan
  • Start small. diversification, try to invest in Blue chip shares
  • Never take tips/advices (even though someone offers for free) many people lose money from this, please be cautious.
  • Don’t follow the crowd, invest in the business that you understand. Have discipline and patience.

Happy investing, contact us to open Demat Account and join private whatsapp channel for free.

SMC Global Securities

Contact :

Subham Modi : 9933069117

Email : modi.mail108@gmail.com

Subham Modi

Big relief to taxpayers having joint house property! Tax Dept rolls back earlier order;

“After the notification, concerns have been raised that the changes are likely to cause hardship in the case of individual taxpayers,” the Central Board of Direct Taxes (CBDT) said in a statement.

Rolling back its week-old order, the Income Tax Department on Thursday allowed joint owners of single house property to file an income tax return using simple Form-1 (Sahaj) or Form-4 (Sugam). On January 3, it had debarred individual taxpayers owning house property in joint ownership and those who paid Rs 1 lakh in electricity bills in a year or incurred Rs 2 lakh expense on foreign travel from filing their annual income return using the simple return forms, according to PTI.

“This is a welcome clarification from the Government, allowing middle-class taxpayers owning a single house property to file simpler ITR forms, viz. ITR-1 and ITR-4 and not the detailed ITR forms, even if they own house property in joint names. However, taxpayers holding multiple house properties would have to file more detailed ITR forms, as the Government apparently believes additional house properties as an investment and not as a basic need,” says Shailesh Kumar, Director, Nangia Andersen Consulting.

Earlier, the government had notified the two ITR Forms – ITR-1 Sahaj and ITR-4 Sugam for the AY 2020-21, in the first week of January, 2020. however, even though the forms were notified, the actual filing of returns could happen only when the Return Filing Utility is released.

Subham Modi

ROC Update

Every company shall file a return of Significant Benificial Owners of the company and changes therein with the registrar containing names, addresses and other details as may be prescribed by 1st August,2019 in Ben2 Form.

Checklist for Ben2 Form

List of shareholders as on 31/03/2019

For additional info contact : 9434123936

Subham Modi

RBI extends timing for RTGS

The Reserve Bank of India (RBI) has extended timings for
customer transactions in the Real Time Gross Settlement

(RTGS) system to 6 pm from 4:30 pm. The new time
window for RTGS will come into effect from June 1 .

The RTGS is an online fund transfer system, supported by
the RBI. which enables transmission on a real-time basis.
The minimum amount for the transaction to be eligible as
an RTGS transfer is Rs 2 lakh.
As per RBI data, Rs 112 lakh crore worth of transactions were processed using RTGS in April 2019.

The customer is charged a ‘time-varying charge’ on each outward transaction in addition to the flat processing charge. The fee for transfers between 8 am to 11 am is nil, from 11 am to 1 pm is Rs 2, and from 1 pm to 6 pm is Rs 5. The fee for transfers made after the initial cut off of 6 pm will be Rs 10.

The initial cut off for customer transactions will be 6 pm and the final cut off for inter-bank transactions will be 7:45 pm. The IDL reversal will take place between 7:45 pm and 8 pm.