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gopal
Senior Member
Joined: 26/Jan/2008
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Posts: 913
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   Posted: 29/Feb/2008 at 1:25pm |
TEDies,
just one question ?? Its just for information .... f any one wishes to answer. Indian farmers get
- subsidy on water
- subsidy on power
- subsidy on fertilizer
- subisy on seeds
- subsidy on farm implements, pumps, machinery
- subsidy on child education
- fixed purchase rate by gov., which increases every year
- once in a decade loan waivers .... I just checked on net farmer loans have been waived before also
Then how come they are in perpetual loss .....
THNX
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Women are like the stock market Coz they're irrational n can bankrupt u if u're not careful
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tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
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Posts: 3542
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Posted: 29/Feb/2008 at 1:25pm |
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for a fly earning upto 5lakhs it looks like anet saving of 50000. so what will this fly do, one some will be saved where? ulips, mfs, bonds, fds, whobenefits? new generation banksthe most and nbfcs not linked to stock mkts,most will be spent-natural human tendency- retail, consumer durables,vehicles, travel, and to some extent housing. looks like the fm is happy with current int rates to maintain a 8% gdp.with inflation i dont see rates coming down any further so soon.
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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tigershark
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Joined: 13/Oct/2006
Location: India
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Posts: 3542
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Posted: 29/Feb/2008 at 1:27pm |
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most of the subsidy never reaches the farmer!
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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investor
Senior Member
Joined: 06/Sep/2006
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Posts: 1745
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Posted: 29/Feb/2008 at 1:31pm |
how net savings of 50k for someone earning upto 5 lacs?
Originally posted by tigershark
for a fly earning upto 5lakhs it looks like anet saving of 50000. |
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The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 29/Feb/2008 at 1:31pm |
Originally posted by investor
But isnt that already available currently?
Poeple who show their capital gains as their business income can currently
reduce STT from the tax liability - Basant can clarify this, after all, he falls
in that category! 
Originally posted by nitin_jagtap
STT from a business income perspective can now be shown as expenditure I guess. |
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This is a SMS which I received
"STT scheme was introduced as a package deal, 0% LTCG tax,10% STCG tax and STT (which was treated as advance tax). Now he is linking STCG with dividend tax and going back on the original premise and so raised STCG to 15% and also changed the treatment of STT from advance tax to a deduction.
Also there is still no clarity as to whether it is STCG or business income. All cases are on the mercy of ITO as there are only subjective guidelines to them. "
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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nitin_jagtap
Senior Member
Joined: 29/Dec/2007
Location: India
Online Status: Offline
Posts: 1283
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Posted: 29/Feb/2008 at 1:34pm |
Originally posted by gopal
TEDies,
just one question ?? Its just for information .... f any one wishes to answer. Indian farmers get
- subsidy on water
- subsidy on power
- subsidy on fertilizer
- subisy on seeds
- subsidy on farm implements, pumps, machinery
- subsidy on child education
- fixed purchase rate by gov., which increases every year
- once in a decade loan waivers .... I just checked on net farmer loans have been waived before also
Then how come they are in perpetual loss .....
THNX |
Per my understanding the big farmers dont make losses its only smaller ones with fragmented pieces of lands which have come after series of family partitions that make losses. Other issues
Soil Yield in india is low (many reasons)
Fertiliser usage per acre is low
Too much dependant on rain gods
Middle men take away most part of the profits
APMC act is outdated
Sense of Right selection of crops to plant is not there
Outdated farming techniques
Migration issues leading to labour problems
Micro Credit is not as good as we think it is
etc etc ..many more problems so they are always problems and suicides ....with 70% depending on agriculture it forms a major vote bank and so FM has to keep giving sops after sops instead of addressing the key issues.
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Warm REgards
Nitin Jagtap
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gopal
Senior Member
Joined: 26/Jan/2008
Online Status: Offline
Posts: 913
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Posted: 29/Feb/2008 at 1:36pm |
Originally posted by tigershark
for a fly earning upto 5lakhs it looks like anet saving of 50000. so what will this fly do, one some will be saved where? ulips, mfs, bonds, fds, whobenefits? new generation banksthe most and nbfcs not linked to stock mkts,most will be spent-natural human tendency- retail, consumer durables,vehicles, travel, and to some extent housing. looks like the fm is happy with current int rates to maintain a 8% gdp.with inflation i dont see rates coming down any further so soon. |
Tiger shark bhai / Nitin bhai / Basant jee,
Suppose some one in a financial year makes a sell of stocks and if his short term gain is 3 lakhs so then his short term tax is 30,000/- .... but if the person has no other income or negligible income of 10,000/- in the same financial year .... then will the person still have to pay the short term gain tax ... or it can be claimed as income with in no tax limit ...
Do reply please.
Thnx
Edited by gopal - 29/Feb/2008 at 1:36pm
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Women are like the stock market Coz they're irrational n can bankrupt u if u're not careful
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investor
Senior Member
Joined: 06/Sep/2006
Online Status: Offline
Posts: 1745
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Posted: 29/Feb/2008 at 1:41pm |
But effectively is there any difference if STT is treated as advance tax as against deduction?
Originally posted by basant
...also changed the treatment of STT from advance tax to a deduction. |
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The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
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