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62001-62020 of 69565
As far as I can remember, I was told that fixed-D and saving interest are taxable. We need not declare because it will be automatically done by them.
OneSharer ( Date: 24-Jun-2008 09:33) Posted:
Believe in the recent yrs, there's more options in banking (i.e. banking interest).
http://www.iras.gov.sg/irasHome/page03.aspx?id=156
Interest received from deposits with approved banks or
licensed finance companies in Singapore on or after 1 Jan 2005 is not
taxable.
cathylmg ( Date: 23-Jun-2008 18:16) Posted:
POSB no need to pay but how about DBS interest? Need to declare? I never declare anything for all my FDs before leh. |
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Repost from victorf (posted on2 Jun) for easy ref.
it is by no means conicidence that last friday index close at 3192 as it is parking for traders to look for sign of US market for it to break through.....as said before, market will move higher high till 18th July and 3192 will be broken (whether through 1,2 or 3 attempts)...good luck :)
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* Alert Admin |
market will move higher high till 18th July (from 27th May in which index start at 3103)....foresee 3192 resistance will be broken soon...good luck :) As said always, Market is always Right!!!
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How long will the bear be hear?
I seriously think that the local market has not bottomed yet.
Markets will go up soon, prob after jul 4 (independence day) and awaiting key announcement on wed where the fed will issue a statement on how it is going to tackle the inflation problem..
Believe in the recent yrs, there's more options in banking (i.e. banking interest).
http://www.iras.gov.sg/irasHome/page03.aspx?id=156
Interest received from deposits with approved banks or
licensed finance companies in Singapore on or after 1 Jan 2005 is not
taxable.
cathylmg ( Date: 23-Jun-2008 18:16) Posted:
POSB no need to pay but how about DBS interest? Need to declare? I never declare anything for all my FDs before leh.
AK_Francis ( Date: 23-Jun-2008 18:04) Posted:
dun worry lah, don't declare your trading, no tax one. basically, the logic is if you win you pay tax to IR, what happen u lose money, IR will pay u??? Only Div IR will tax u, less those tax free div, all is auto with CDP, no hassle one. just relax lah. same with unit trust and bonds but not FD as FD bao cheak one.
putting you $ below 100k at POSB no need to declare in your tax return but more than 100k, u need. but for other banks any interest u rcv you hv to declare. BTW, if your annual FD interest is below 20k and you are a retiree like me , then don't bother loh, unless your annual stock div and FD interest added together is more than 20k then you hv to declare leow. |
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Calm before the storm????
boring....px range too narrow for short or contra n vol low......have a kit-kat, take a break.
huh AK u are a retiree ar ?
LOL, u "sound" way too young to be a retiree... then again maybe you're a rich boy....
Hehe... I'm back but market still down.....
elfinchilde ( Date: 22-Jun-2008 16:20) Posted:
haha, shplayer, yes. singaporegal is back. let's hope for better days ahead. 
actually, one more thing: sometimes, it's very difficult to pen down all the thoughts and analysis that goes into a trading decision. there's long term, short term, dif indicators, dif stocks, dif reasons, etcetc. Esp for me: because it's more or less become instinct already. And sometimes, esp if it's an intraday/short term scalp, you'd have reversed decision and followed the min by min trend. So it appears as though you're 'inaccurate' and 'changed your mind'--when really, technically, the only thing you're doing is following the trend. or that you didn't put down all the reasons for it. It's what i mean about the finer points of trading. that's very difficult to show on a forum.
believe eldarchen will know what i mean. traded a couple of times 'live' with him before on short scalps. :P it really does change by the minute.
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Cathy,
Dun worry too much abt 2979. It was a subtle clue to me - 2980.6 was a strong resistance today.
My tip - for tomorrow watch STI at 2977 zone, if it breaks out, 2997 is the next key resistance. If that resistance also breaks, well, we should see a small calf (I wouldn't call it a bull yet) running around.
cathylmg ( Date: 23-Jun-2008 16:25) Posted:
2980 broken again.
HLJHLJ ( Date: 23-Jun-2008 16:06) Posted:
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Thanks. Like to share which companies that have bottomed out? I think one of them is capitalland which i got 1 lot just to try try.
One analyst report mentioned that STI should have bottomed out at around 2980. 2nd support at 2930. Rally support 3070. Bearish momentum is unlikely to be there. Seems to mean ST will ding dong between current level to 3100.
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POSB no need to pay but how about DBS interest? Need to declare? I never declare anything for all my FDs before leh.
AK_Francis ( Date: 23-Jun-2008 18:04) Posted:
dun worry lah, don't declare your trading, no tax one. basically, the logic is if you win you pay tax to IR, what happen u lose money, IR will pay u??? Only Div IR will tax u, less those tax free div, all is auto with CDP, no hassle one. just relax lah. same with unit trust and bonds but not FD as FD bao cheak one.
putting you $ below 100k at POSB no need to declare in your tax return but more than 100k, u need. but for other banks any interest u rcv you hv to declare. BTW, if your annual FD interest is below 20k and you are a retiree like me , then don't bother loh, unless your annual stock div and FD interest added together is more than 20k then you hv to declare leow. |
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dun worry lah, don't declare your trading, no tax one. basically, the logic is if you win you pay tax to IR, what happen u lose money, IR will pay u??? Only Div IR will tax u, less those tax free div, all is auto with CDP, no hassle one. just relax lah. same with unit trust and bonds but not FD as FD bao cheak one.
putting you $ below 100k at POSB no need to declare in your tax return but more than 100k, u need. but for other banks any interest u rcv you hv to declare. BTW, if your annual FD interest is below 20k and you are a retiree like me , then don't bother loh, unless your annual stock div and FD interest added together is more than 20k then you hv to declare leow.
capital gains are not taxable in singapore.
Dear Experts -
I have a fundamental question. Its regarding tax. I have been dabbling in the market from Jan this year. I know its not been the best time for an amateur to get in :-). I have made some small change, and haven't burned my fingers that badly. Thanks to all of you.
I have a basic question. how does the tax work on this. Short Term Capital Gains?
I know some dividends like Keppel Corp come to you after standard tax deduction, so no need to worry about that. What about gains from simple trades on stocks? how does one account for it. Also, I am pretty bad at keeping track, so does the CDP finally give out the taxable gains for calculation or is this something we have to declare after doing our own math?
Thanks in advance
HLJHLJ, i'm a pantang kantang. if i name the counters, i'd probably jinx them.
why don't you msg me with your counters instead. Ppl are watching, always keep your aces secret.
but yea. capitaland if 5.75 holds is a reversal of downtrend. just keep watching BUSD, you're playing a short scalp, remember.
and yah. i play the market for pure love of the game.
2980 broken again.
HLJHLJ ( Date: 23-Jun-2008 16:06) Posted:
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Thanks. Like to share which companies that have bottomed out? I think one of them is capitalland which i got 1 lot just to try try.
One analyst report mentioned that STI should have bottomed out at around 2980. 2nd support at 2930. Rally support 3070. Bearish momentum is unlikely to be there. Seems to mean ST will ding dong between current level to 3100.
elfinchilde ( Date: 23-Jun-2008 13:03) Posted:
wah ha, yes, CWQuah, noble is very good for intraday/short term scalps.
personally i'm looking for one-three month holding now tho, too lazy to do intraday/less than 5 days.  so that's out of my radar. well, perhaps a bit too early to say, but nice to see STI holding up. 
btw, i should add: currently in my watchlist, there are no banks in there. fundamental-wise, not worth a play in global bad sentiment. technical-wise, value-for-dollar yield doesn't rationally make any of the three good plays. call from friday/week before still holds as via current trends: that some stocks have bottomed out.
kira, nope, not a financial analyst. anyone wants to give me a job? muah ha.
and yups ipunter/cwquah, today's not a day for shorting.
technical terms:
OHLC = open, high, low, close. they are what forms your candlesticks.
BUSD = buy up sell down data. where you see min by min/sec by sec the exact no: of lots bought/sold at each px and each time. |
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at the current volume...we look set to close below 1 billion...July will be coming soon...let's hope tt marks the beginning of something we look forward to
Thanks. Like to share which companies that have bottomed out? I think one of them is capitalland which i got 1 lot just to try try.
One analyst report mentioned that STI should have bottomed out at around 2980. 2nd support at 2930. Rally support 3070. Bearish momentum is unlikely to be there. Seems to mean ST will ding dong between current level to 3100.
elfinchilde ( Date: 23-Jun-2008 13:03) Posted:
wah ha, yes, CWQuah, noble is very good for intraday/short term scalps.
personally i'm looking for one-three month holding now tho, too lazy to do intraday/less than 5 days. so that's out of my radar. well, perhaps a bit too early to say, but nice to see STI holding up.
btw, i should add: currently in my watchlist, there are no banks in there. fundamental-wise, not worth a play in global bad sentiment. technical-wise, value-for-dollar yield doesn't rationally make any of the three good plays. call from friday/week before still holds as via current trends: that some stocks have bottomed out.
kira, nope, not a financial analyst. anyone wants to give me a job? muah ha.
and yups ipunter/cwquah, today's not a day for shorting.
technical terms:
OHLC = open, high, low, close. they are what forms your candlesticks.
BUSD = buy up sell down data. where you see min by min/sec by sec the exact no: of lots bought/sold at each px and each time. |
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we probably gonna follow through the routine like last week...one moment closing below 3000...the next moment above 3000
wah ha, yes, CWQuah, noble is very good for intraday/short term scalps.
personally i'm looking for one-three month holding now tho, too lazy to do intraday/less than 5 days.
so that's out of my radar. well, perhaps a bit too early to say, but nice to see STI holding up.
btw, i should add: currently in my watchlist, there are no banks in there. fundamental-wise, not worth a play in global bad sentiment. technical-wise, value-for-dollar yield doesn't rationally make any of the three good plays. call from friday/week before still holds as via current trends: that some stocks
have bottomed out.
kira, nope, not a financial analyst. anyone wants to give me a job? muah ha.
and yups ipunter/cwquah, today's not a day for shorting.
technical terms:
OHLC = open, high, low, close. they are what forms your candlesticks.
BUSD = buy up sell down data. where you see min by min/sec by sec the exact no: of lots bought/sold at each px and each time.
