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Personal Finance
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Please also clarify how did you show these short term losses in your tax return which has already been filed!...
In reply to:
short term capital gains calculation
Posted by :
nevy
The losses were incurred by trading thro` a regular stock broker and by paying STT on all transactions. 
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Please also clarify how did you show these short term losses in your tax return which has already been filed!...
In reply to:
short term capital gains calculation
Posted by : nevy
The losses were incurred by trading thro` a regular stock broker and by paying STT on all transactions.
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Dear Shakti, Thanks for ur wishes.
thanks
Ashal
...
In reply to:
Top 5 MFs to invest in Current Market
Posted by :
sp.palo
dear ashal,
congrats for being the boarder of the day.
regards
shakti
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Dear Shakti, Thanks for ur wishes.
thanks
Ashal
...
In reply to:
Top 5 MFs to invest in Current Market
Posted by : sp.palo
dear ashal,
congrats for being the boarder of the day.
regards
shakti
Tracked by: 0 Boarder
Dear Radhika_nandlal, Every indian bank offers Loan/overdraft facility against its own FDs. Normally overdraft facility is available on a FD interest rate + 1-1.5%. Interest Rate on OD against FD is calculated monthly but on daily reducing basis. So from ur cash flow point, u may plan to payback OD as per ur convenience.
From ur LIC policies, not all r eligible for Loan, but if u do have some policies which r eligible for loans, u should opt it as the interest rate is very competitive just 9% per annum & the silver lining is that this loan is also like OD, u don`t have to pay principal amount regularly, just pay 4.5% interest every 6 months.
Plz. visit ur nearest LIC office to know on which policies u`ll be able to get loan & how much?
apart from these, as dear PCS mentioned, u may also get Loan against securities from Icici.
thanks
Ashal...
In reply to:
Investment costs
Posted by : radhika_nandlal
Yes i have no loans until now... i wanted to take a housing loan to build on top of my parents house..but i am not working so no loan will be given.. Will they give against policies i wonder.... i thought i should begin some business and the best place of course is the terrace of my parents home.. lets see..... nobody is giving loans against fixed deposits etc i think... now SBI is giving 11% interest onf FD..
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Dear Klb, here is ur tax calculation.
A. Interest Income = 130000
B. Net Rental Income = 42000
C. Net Short Term Capital Gain = 150000 (250000-100000)
D. Total Taxable income = A + B + C = 322000
E. Investment in 80C = 100000
F. Net Taxable Income = D - E = 222000
As ur net taxable income is below ur zero tax limit of 2.25L, there is no tax liability on u. But as ur Total taxable income before 80C investment is more than 2.25L (322000 Rs.) u `ll have to file ur return next year.
thanks
Ashal...
In reply to:
Short term gains
Posted by : klb
I am a senior citizen and my estimated income for the F.Y 2008-2009 is as under: Rent of 60,000 less 30%=42,000/- bank and other interests receivable Rs.1,30,000/.I have 2,50,000/- as short term capital gains in property and my short term loss in shares upto this day is about 1,00,000/-. I have invested Rs.1 lakh under sec. 80-C.Taking these figures as final, what would be my tax liability for the above period.Whether my total income will be worked out as 42,000 1,30,000 2,50,000/- Total Rs.4,22,000/ less investment u/s 80/c Rs. 1 lakh =3,22,000 less exempted limit for Sr.Citizens of Rs.2,25,000 Balance tax payable on Rs.97,000/- i.e. 9,700/- @ 10%. Or the capital loss of shares of Rs.1,00,000/- will be taken into consideration and deducted from my total income of Rs.3,22,000/- i.e less 1,00,000/-balance 2,22,000/- and I have not to pay any tax as it is within taxable limit.Please guide me suitablt.
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my dear nandar ohit,please do not go for mutual funds,instead go for good A scripts share or invest in bank f ds you will get io/75% int,// do not go for tax savings plans( NEVER)//big houses take risk with your money then why not you play with your money ? AT THIS price go for reliance,Godrej,Tata,Wadias,Bajaj,GROUPS,//at this low index,investors are dying to invest, but they have credit crunch// ...
In reply to:
Top 5 MFs to invest in Current Market
Posted by : nandarohit
Hi PCS Pune ji/ Other investment Gurus,
could you please help me in selecting Top 5 MFs to invest in Current Market?
Thanks in Advance.
Regards
Rohit Nanda
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Equity investment is for a long term . Make an asset allocation . Stick to it . Do not change your asset allocation according to Sensex levels. Please rebalance your portfolio according to your allocation every year. Avoid sector funds and NFOs. Look at value research rated funds. Invest atleast 60% in large cap funds. Invest via SIP ONLY.
Here are my 5 funds - Please keep a watch on their ratings.
1) HDFC TOP 200
2) DSPML TOP 100
3) Sundaram Select Focus
4) Reliance Growth
5) DWS Investment Opportunity Fund...
In reply to:
Top 5 MFs to invest in Current Market
Posted by : nandarohit
Hi PCS Pune ji/ Other investment Gurus,
could you please help me in selecting Top 5 MFs to invest in Current Market?
Thanks in Advance.
Regards
Rohit Nanda
Tracked by: 0 Boarder
I completely agree on this and as govt. has announced recently to make it mandatory for Builders to have LIG and MIG (Low Income Group and Middle Income Group) houses in their plan. However this need to be monitored closely , else we will be back to square-one....
In reply to:
Will property prices drop sharply now?
Posted by : Guest
People in India are afraid to point out that the real estate market is driven by the black money from tax evading businessmen and corrupt politicians and bureaucrats. Real estate is the only avenue to park these funds and slowdown or not these guys have no where else to take out this money and put into. They will stop rotating and speculating at the most and just hold. So unless the real estate market is regulated and made transparent it`s not going to reflect the true demand and paying power of the population. At most it will go down 20-25% from here and stay put for some time.
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Property prices will see sharp drop immediately, the reactions and the tremors are already felt and the casualties will be reported in 3 months time.The corrupt Indian politicians who have parked money in real estates, have already withdrawn leaving the recent speculators high and dry. The black money is now stashed abroad. I am Venkat from Training8m, Queensland Australia...
In reply to:
Will property prices drop sharply now?
Posted by : Guest
People in India are afraid to point out that the real estate market is driven by the black money from tax evading businessmen and corrupt politicians and bureaucrats. Real estate is the only avenue to park these funds and slowdown or not these guys have no where else to take out this money and put into. They will stop rotating and speculating at the most and just hold. So unless the real estate market is regulated and made transparent it`s not going to reflect the true demand and paying power of the population. At most it will go down 20-25% from here and stay put for some time.
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Dear Mr.Venkat C,
If your Time Horizon is more than 2-3 years this is GOD GIFTED Opportunity to Invest in Selected ( not any) Equity Mutual Funds
( Large Cap Oriented ).
If you are already Invested in Above Average Performing Mutual Funds & incurred substantial Losses, you may wait for more than 1 year to Recover Losses. If you Redeem the Investments, you may not Recover the Losses.
If you are Invested in Below Average Performing Funds(Midcap/ Smallcap), Switch to Better Performing Large Cap Equity Funds.
Best Wishes,
P.C.Sharma...
In reply to:
Top 5 MFs to invest in Current Market
Posted by :
venkat_c
Hello Sir, instead of Buyingin the crashing markets, better exit at current levels, these are still the best levels to exit. Exit all big caps and mid cap stocks, I am Venkat from Training8m, Queensland Australia
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Hello Sir, instead of Buyingin the crashing markets, better exit at current levels, these are still the best levels to exit. Exit all big caps and mid cap stocks, I am Venkat from Training8m, Queensland Australia...
In reply to:
Top 5 MFs to invest in Current Market
Posted by : pcspune
Dear Rohit Nanda,
Investment in Following Largecap Oriented Funds may be GOOD Option.
DSPML Top 100 Equity Fund
DWS Alpha Equity Fund
HDFC GROWTH / Top 200 Fund
IDFC Imperial Equity Fund
Sundaram Select Focus Fund.
Among New Funds I am monitoring the Performance of Reliance Quant Plus Fund * ICICI Focussed Equity Fund.
P.C.Sharma
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Dear Radhika Nandlal.
All Banks give Loan Against F.D.
ICICI Bank offers Overdraft Facility ( Better than Loan)against Following ( Called LAS Account )
Selected Shares
Equity & Debt Mutual Funds
FD
NSC
Kisan Vikas Patra.
ULIPS of ICICI / LIC
Best option is to Discontinue Premium Payment for Unwanted Insurance Policies or Sureender them( Considering Tax Implications & LOSS of Principal amount Paid)
ICICI & HDFC Banks also give Loan against GOLD
P.C.Sharma
...
In reply to:
Investment costs
Posted by : radhika_nandlal
Yes i have no loans until now... i wanted to take a housing loan to build on top of my parents house..but i am not working so no loan will be given.. Will they give against policies i wonder.... i thought i should begin some business and the best place of course is the terrace of my parents home.. lets see..... nobody is giving loans against fixed deposits etc i think... now SBI is giving 11% interest onf FD..
Tracked by: 0 Boarder
dear ashal,
congrats for being the boarder of the day.
regards
shakti...
In reply to:
Top 5 MFs to invest in Current Market
Posted by : ashalanshu
Dear nandarohit, investment should be goal/aim specific not for the market level. 2days Toppers may bite dust very next day. So u should invest first for ur goals & invest in funds which r regular in their performance & r part of Top quartile (Top 25% funds).
the list of such Top performing fund is already posted by fellow boarders. Plz check the same that it matches to ur risk appetite & goals & invest as per ur comfort level.
Plz. don`t invest in a lump sum, if u do have a lump sum amount plz. invest it first in Liq. + fund & then use weekly STP route to invest in ur target Eq. funds.
Thanks
Ashal
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Integrated Rate cut by all major central banks across world cant be ruled out. But chances of rate cut by FED after giving almost $1600 bn for bailout & cash loan remain low. Australia has also cut rate by 1%. Also, china might see rate cut....
In reply to:
See integrated rate cuts by world central bks: Asia Pac AMC
Posted by : MMB Messenger
Speaking to CNBC-TV18 James Chirnside, CIO at Asia Pac Asset Mgmt says if one has an allocation plan of over 12 months then it is a good idea to stat putting little bit of money into markets now. I expect some form of global coordinated Central Bank cut in rates said Chirnside.
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