I am a merchant navy officer and have a steady income of around 15L per annum. I spend more than 183 days a month outside India and hence fall into NRI status for taxation and believe that it saves me from paying together all in all. I have following query -
short term yes.. there is nothing that rally will hold as nothing defies logic. broader movement of the index will happen post elections or just before election as the 4`th qtr and subsequent 3 qtrs will be spent on recouping most of the counters. 3rd qtr of FY 14-14 will be trigger changing for the index either way.