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tigershark
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Joined: 13/Oct/2006
Location: India
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   Posted: 29/Feb/2008 at 1:42pm |
Originally posted by investor
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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i think i heard on tv hp raina say something like that pl check it out before taking any steps
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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
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Joined: 06/Sep/2006
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Posted: 29/Feb/2008 at 1:44pm |
My understanding is that it should/will be treated as business income. Just for argument - Imagine if people like RJ and RD, didnt do much trading in this financial year, but sold of all their multibaggers which they bought in 2003 - they would be making hundreds of thousands of crores tax free, while some poor guy who made 10lacs ends up paying 34% tax on it!!  Ive always found this perplexing....
Originally posted by gopal
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 |
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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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investor
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Posted: 29/Feb/2008 at 1:46pm |
each of us will end up with savings of 4000 Rs, thats all. (since the extra 40,000 Rs will now not get taxed at 10%)
Originally posted by tigershark
Originally posted by investor
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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i think i heard on tv hp raina say something like that pl check it out before taking any steps |
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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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avinashpai
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Joined: 19/Feb/2008
Location: India
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Posted: 29/Feb/2008 at 2:19pm |
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I think the tax savings would be closer to Rs 44,000 as the other slabs have been increased too.
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Beware the Black Swan. It may be lurking down the corner. Technical Analysis may help you find it in a hurry!
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investor
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Posted: 29/Feb/2008 at 2:49pm |
yes, you are right. i didnt think of that. 
Originally posted by avinashpai
I think the tax savings would be closer to Rs 44,000 as the other slabs have been increased too. |
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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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bharti
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Joined: 25/Dec/2007
Location: India
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Posted: 29/Feb/2008 at 3:20pm |
Also for people paying 10% surcharge for income being more than 10 lakh , there will be additional benefit.
Example:
if income below below 10 lakh:
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current year uptill Rs 5 lakh taxable income means a tax of 99,000/-
next year Rs uptill 5 lakh taxable income means a tax of 55,000/-
Net savings = 44,000/-
if income above 10 lakh
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current year uptill Rs 5 lakh taxable income means a tax of 99,000/- + 9900 = 1,08,990/-
next year uptill Rs 5 lakh taxable income means a tax of 55,000/- + 5500 =60500/-
Net savings = 48,000 approx.
Regards,
Vishal
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bharti
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Joined: 25/Dec/2007
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Posted: 29/Feb/2008 at 3:23pm |
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Regarding loan waivers to small farmers, if the farmers were unable to pay those, were they not being counted under bad loans by PSU banks? And if govt reimburses them these bad loans, it should infact bring down NPAs and help PSUs.
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gopal
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Joined: 26/Jan/2008
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Posted: 29/Feb/2008 at 3:27pm |
Originally posted by bharti
Regarding loan waivers to small farmers, if the farmers were unable to pay those, were they not being counted under bad loans by PSU banks? And if govt reimburses them these bad loans, it should infact bring down NPAs and help PSUs. |
The FM in interview with press / media says that the money will be re - imbursed / providing liquidity to the bank over a 3 year period ..... and any way these were bad laons for banks ...... so they have nothing to loose ..
Thnx
Edited by gopal - 29/Feb/2008 at 3:32pm
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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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