ITR
Regulation & taxAlso called: Income tax return
The income tax return — ITR-1 for salary alone, ITR-2 once there are capital gains from shares or funds, ITR-3 where intraday or F&O activity makes it business income.
In plain terms
Delivery trades produce capital gains; intraday and F&O produce business income, taxed at slab and carrying audit thresholds. A few casual intraday trades genuinely change which form you file.
Read the full lesson →Arbitration
Regulation & taxA binding dispute-resolution stage reached through the online dispute resolution mechanism once conciliation has failed.
In plain terms
Binding, far cheaper than court, and measured in months where a civil suit is measured in years. What it runs on is the paper trail you kept.
Read the full lesson →Regulatory arbitrage
Regulation & taxStructuring a product so it falls outside the rules that would apply to its regulated equivalent.
In plain terms
Not always sinister and always worth noticing. The question is which protections you gave up in exchange for the convenience.
Read the full lesson →ODR
Regulation & taxAlso called: Online Dispute Resolution
Online Dispute Resolution — the online route for conciliation and then arbitration of an investor's dispute with a market intermediary.
In plain terms
The stage after SCORES and before the courts. Binding, far cheaper than litigation, and it exists precisely because a civil suit is not a realistic remedy for a ₹40,000 dispute.
Read the full lesson →Efficient market
Technical analysisThe claim that prices already reflect available information, so no repeatable pattern in past prices can be exploited.
In plain terms
The strongest objection to technical analysis, and it holds in part: simple published systems do decay once everyone can see them. What does not get arbitraged away is the discipline to follow a rule consistently.
Read the full lesson →Point and figure
Technical analysisA chart type that plots columns of rising and falling boxes, ignoring time entirely and recording only price moves larger than a chosen box size.
In plain terms
Clean very-long-term structure and unambiguous breakouts, at the cost of the same box-size arbitrariness as Renko. Little used now.
Read the full lesson →RS line
Technical analysisAlso called: Relative strength line
A plot of a stock's price divided by an index's price, rebased to 100 at the start of the measurement period.
In plain terms
The direction is the entire signal; the level is arbitrary because it depends on when you started.
Read the full lesson →