What you need finally?
Money and execution power to play.
Rest SL and theta decay will take care.
More from Mitesh Patel
Sometimes SL hit and BankNIFTY will back. If hit 475 and goes upto 485-490 and again coming back below 475 then sell gain with 490 as SL.
If again hit then exit straddle and create new straddle with same procedure.
If again hit then exit straddle and create new straddle with same procedure.
it will consolidate between 32000-32200 or 32100 to 32300 and u will get theta decay.
— Mitesh Patel (@Mitesh_Engr) May 15, 2021
This is for normal move. Sudden big move may come anytime. So keep SL in system.
If u r selling at 350-350 then keep SL in system 475 for both legs.
Practice it. No need to attend webinar.
Pvt LTD : 25% tax
You can withdraw fund in form of salary and dividend only. Double taxation if withdraw after completion of financial year.
Partnership firm : 35% tax
Funds u can withdraw anytime. No double taxation even after completion of financial year.
Discussed with CA.
If any CA has more information they can update here.
I am moving ( principal capital) to partnership firm to avoid double taxation.
Only drawback is you have to pay more 10% tax but funds will remain on your name only and no double taxation in future. You can buy properties etc on your name.
You can withdraw fund in form of salary and dividend only. Double taxation if withdraw after completion of financial year.
Partnership firm : 35% tax
Funds u can withdraw anytime. No double taxation even after completion of financial year.
Discussed with CA.
1. Make a Pvt Ltd Company.
— Aditya Todmal (@AdityaTodmal) March 1, 2022
Form a company with family members and trade under it. The family members should be directors of the company. Will explain why later.
Why form a company?
You will only need to pay 25% flat tax. Individuals have to pay 30% tax above 10 lakh profits.
If any CA has more information they can update here.
I am moving ( principal capital) to partnership firm to avoid double taxation.
Only drawback is you have to pay more 10% tax but funds will remain on your name only and no double taxation in future. You can buy properties etc on your name.