CA KAMAL GARG

 Content 1. What is Cryptocurrency 2. Types of cryptocurrency 3. Advantages and Disadvantages of cryptocurrency 4. Why Criticism of cryptocurrency 5. Other Important Matters What Is Cryptocurrency? Cryptocurrencies are systems for allowing secured  online  payments. "Crypto" refers to the various encryption algorithms and cryptographic techniques that safeguard these payments, such as public-private key pairs, and hashing functions. “Cryptocurrency” is derived from the encryption techniques which are used to secure the network. A cryptocurrency is a binary data   designed to work as a  medium of exchange .   Wherein ownership records of currency are stored in the  ledger   in the form of a computerized   database   using  strong cryptography   to secure transaction records,  to control the creation of additional coins, and  to verify the transfer of ownership of currency.   Cryptocurrency does not exist in physical form (like paper money) and is typically not issued by centr

Introduction  The concept of job work already exists in Central Excise, wherein a principal manufacturer can send inputs or semi-finished goods to a job worker for further processing. Many facilities, procedural concessions have been given to the job workers as well as the principal supplier who sends goods for job work.  The whole idea is to make principal responsible for meeting compliances on behalf of the job worker on the goods processed by job worker, considering the fact that typically the job- workers are small persons who are unable to comply with the discrete provisions of the law.  The GST Act makes special provisions with regard to removal of goods for job-work and receiving back the goods after processing from the job worker without payment of GST. The benefit of these provisions shall be available to both the principal and the job worker.  The provisions in regard to job work are contained under Section 143 of the CGST Act, 2017 and Rule 45 of the CGST Rules, 2017.  Mea

A Digital payment system - The One-Time-Payment Mechanism - developed by the National Payments Corporation of India (NPCI) in collaboration with the Department of Financial Services, Ministry of Health & Family Welfare and National Health Authority. Date of Launch : 2nd August, 2021 - e-RUPI is a cashless and contactless digital payments medium. which will be delivered to mobile phones of beneficiaries in form of an SMS-string or a QR code . - This will essentially be like a prepaid gift-voucher that will be redeemable at specific accepting centers (Service providers) without any credit or debit card, a mobile app or internet banking. - The beneficiaries will be identified using their mobile number and a voucher allocated by a bank to the service provider in the name of a given person would only be delivered to that person. Services Where Can Be e-RUPI Used -  e-RUPI   can be used for delivering services under schemes meant for providing drugs and nutritional support under Mother

' I haven't found anything in over thirty years of work that can hold a candle to what RSI  can do.' - Andrew Cardwell  'I've always used three keys to success I talk to people about when I  give a presentation — methodology, patience, and discipline. The  discipline to follow your rules, stay within your rules, control your  emotions; and the patience to, as I quote, say allow the market to show  you what it wants to do, not what you want it to do. Well, a lot of  people force the issue. Nobody holds a gun to my head to tell me what  to trade.' - Andrew Cardwel l  ' RSI is perhaps the most popular of all  technical oscillators, in that it provides an easy-to interpret indication  of possible market turning points and trend strength. '-  Matthew Clements, editor of The Technical Analyst magazine   'The RSI indicator is a cruel mistress! She lures us in with promises of easy money and trading success, only to drain your trading account balance in a ru

Top 9 Personal Finance Rules are as follows: Rule of 72 (Double Your Money) Rule of 70 (Inflation) 4% Withdrawal Rule 100 Minus Age Rule 10, 5, 3 Rule 50-30-20 Rule 3X Emergency Rule 40℅ EMI Rule Life Insurance Rule Rule of 72 No. of yrs required to double your money at a given rate, You just divide 72 by interest rate Eg, if you want to know how long it will take to double your money at 8% interest, divide 72 by 8 and get 9 yrs At 6% rate, it will take 12 yrs At 9% rate, it will take 8 yrs Rule of 70 Divide 70 by current inflation rate to know how fast the value of your investment will get reduced to half its present value.  Inflation rate of 7% will reduce the value of your money to half in 10 years. 4% Rule for Financial Freedom Corpus Required = 25 times of your estimated Annual Expenses. Eg- if your annual expense after 50 years of age is 500,000 and you wish to take VRS then corpus with you required is 1.25 cr. Put 50% of this into fixed income & 50% into equity. Withdraw 4%

A penny saved is a penny earned, goes an age old expression that will hold relevance at all times. In order to grow wealth, you need to invest a portion of your income in high yielding investments.  Over time, that is your savings for meeting long term goals. Besides investing, you should be aware of the steps to save money in your day-to-day living and even while spending money. Every rupee saved and invested judiciously goes a long way in building wealth over the long term. As a beginner and even for others, there are three areas that you need to have a firm grip upon- spending , borrowing and investing .  Afterall, you will spend on essentials and utilities , take loans at some point of time and invest to meet life goals. Here are some ways to save and spend smartly so as to make every rupee work to your advantage. Start early: You need to start saving as early as possible in life. Even saving a smaller amount will not only build up a habit but also give you a headstart. The power

25 Learnings from the Stock Market 1: Start every trade  small  and  increase  it 2: Look for mid term  patterns  to capture big  moves 3: Always sell shares after a return below the breakout level 4: Never sell for a profit because of feelings, only technical rules 5: Hold a position above a rising EMA 21 and ignore one day breakdowns  6: Hold your winners as long as possible. The weekly chart is your friend! 7: Let profits run to make a difference in good times 8: Position sizes must be dynamic 9: Have multiple exit strategies  10: Look at your equity curve and see how you perform 11: Relative strength is more important than fundamentals  12: Stay in your niche and trade with  discipline 13: Become an execution pro! 14: Look for young companies with new products, services and high growth 15: Focus on strong industries with disrupting potential 16: Stock selection criteria only have one function 17: Observe your watchlist and spend less time with the indices 18:  Volume  is the blood

1.      Income Tax : Charitable Activities - Exemption under Section 11 denied - AO should have restricted the denial of exemption only to that portion of the investments, which were made by the assessee in violation of Section 11(5) of the Income Tax Act - Madras High Court in case of [M/S. Vincentian Madras Society , Chennai V s. The D CIT ( Exemptions ) III] 2.      Income Tax : TDS u/s 195 - Time-Writing Charges - The service provided by employees of BGIL are merely in the nature of routine support services and, therefore, cannot be termed as ‘FTS’ under Article 13 of the India UK DTAA -  ITAT Delhi in case of [M/S B.G. India Energy Solutions P Ltd . V s. The DY. C.I.T, Circle – 1 (1) , Gurgaon ] 3.        Income Tax: Valuation of Shares - Restriction as per Rule 11U(a) on the auditor’s acceptance as Accountant for the purposes of Rule 11UA (2) is well founded. - There is no merit in this argument of the assessee that only because the certifica