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A group of senators has reached a deal to ban stock trading by members of Congress. Voters believe lawmakers should ban stock trading for politicians with privileged information, but such bills have failed over the last few years. But with the Senate’s support, the bill could actually get somewhere. Here’s what this bill looks like: - The deal would immediately prohibit Congress members from buying and selling stocks 90 days after the bill is signed. - Would also ban member spouses and dependent children from trading stocks starting in March 2027. - Penalties for violating the law would be either the monthly salary of a lawmaker or 10% of the value of each asset they buy or sell. There is still a long way to go before this can be implemented, but I think most Americans believe it’s a pretty fair idea. If you liked this thread, you’ll LOVE our newsletter! https://t.co/FHzO8RG4dG

Understanding Tax Implications in Stock Market Transactions Read it more https://lnkd.in/dtN4g5DT Share and Spread the Knowledge

Rise and Shine! Let's unravel today's buzz: Confusion stirs in the stock market as House dissolution rumors spread. Minister Gunawardhana clarifies the air. Stay tuned for insights that matter! Stay humble, stay positive. Full story ➡️ [Link] #StockMarket #News #Insight #TruthOnTheTrack

Supreme Court orders about alleged bogus capital gains on alleged penny stocks and case status of pending cases: Ongoing litigation: Due to suspicion, bias and highhandedness of tax authorities litigation is going on issue of alleged bogus capital gains on alleged penny stocks. On proper understanding of the data of stock prices it can be said that the concept of so called penny stock is a misunderstanding and misconception. We find many blue chip companies of today were at some time low quoted shares having market value less than face value. Many of blue chip companies or highly quoted companies in past... ... ... http://dlvr.it/T6FXk2 #IncomeTax #Articles #TaxLaws #TaxTMI

While the new Speaker of the House, Mike Johnson, does not personally own individual stocks, he has yet to weigh in publicly on the push in Congress to ban members of Congress from buying and selling stock. 70% of voters support banning members of Congress from trading individual stocks. According to a New York Times report, between 2019 and 2021, 81 Democrats and 101 Republicans filed up to 3,700 trades with up to $100 million in possible volume. Many had 100% winners and were perfectly timed. So, it’s no surprise that Congress beat the market in average returns in 2021. Because members of Congress often invest in the very companies they oversee in Congress, they often have more knowledge and awareness — and even insider information — of the business before placing their winning stock bets. Now, Congress has introduced the bipartisan Ending Trading and Holdings in Congressional Stocks (ETHICS) Act, which bans members of Congress from trading stock, and bans their spouses and dependent minors from owning or trading securities, commodities, or futures. You can click the link below to demand Congress ban congressional stock trading. Then, after you sign, watch our report with journalist Krystal Ball exposing members of Congress from both parties and the conflicts of interest created by allowing congressional stock trading. LINK: https://lnkd.in/e5RUJJxw As the bill's original co-sponsor Sen. Sherrod Brown said when he introduced it: “It’s simple: members of Congress are supposed to serve the American people, not their stock portfolios. Elected officials have access to private information that can affect individual companies and entire industries. We need more accountability and transparency to prevent members from abusing their positions for personal gain.” An overwhelming majority of voters want to see a ban on congressional stock trading. And, right now, there’s bipartisan support in Congress to get it done. Add your name today urging Congress to pass the bipartisan ETHICS Act to end corrupt stock trading by members of Congress. Ending legal corruption isn’t a partisan issue. It’s just the right thing to do. Thanks for taking action. LINK: https://lnkd.in/e5RUJJxw

Experts Advise Caution: Avoid Midcaps and Smallcaps After Election Results #Stocks #Stockmarket #Stockmarketindia https://lnkd.in/diQSguNs

A 5.74% market crash on June 4 wiped out 30 lakh crore from investors, sparking calls for a probe into BJP leaders' alleged market manipulation through election promises and fake exit polls. What’s the link between exit polls, BJP’s election strategy, and this massive financial loss? #MarketCrash #ElectionImpact #StockMarket #BJP #RahulGandhi #SEBI #Investigation #SensexDrop #NiftyCrash

🚨 Congress Alleges BJP of Stock Market Scam: Truth or Political Drama? 🚨 Recent Allegation: Congress accuses BJP of a major stock market scam. Claim by Congress: Alleged manipulation for personal gain by BJP leaders. Impact on Investors: Possible losses for ordinary investors. BJP's Response: Denies allegations, calling them politically motivated. Market Reactions: Increased volatility due to these claims and counterclaims. Evidence and Investigation: Congress demands a thorough probe. BJP promises transparency. Analysts' Views: Divided; some see the truth, others see a political stunt. Investor Sentiment: Mixed; cautious vs. seeing it as market fluctuation. Regulatory Standpoint: Market regulators keeping a close watch. Public Opinion: Split; serious issue vs. political drama. Conclusion: The truth will emerge with a proper investigation. Stay informed and make wise investment decisions. 💡 #StockMarketScam #CongressVsBJP #InvestWisely #MarketNews #DigitalMarketing #LatestNews

#incometax #returns #shares #trading #CoffeewithCA #notices #accounts What information of stock and shares trades to bring while filing income tax returns? Whether it is compulsory to show shares trades in returns? see my video for simple explanation https://lnkd.in/gPi97YN2

30% Tax On F&O Trading | IS F&O Trading OVER ? | Futures & Options [F&O, futures and options, trading, stock market, stock market news, new tax, stocks, stock market tax, F&O tax, trading over, big announcement, finance, sharda associates] #futuresandoptions #bignews #budget2024 #stockmarket #trading #newtaxes #finance #viral #trending