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Wellsfargo
Comedian Username: Wellsfargo
Post Number: 1733 Registered: 06-2012 Posted From: 49.205.74.253
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, July 10, 2014 - 07:15 am: |
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Reddit:six years daka they can investigate.
Investigate chesi emi chestaru. I mean fine vesthara or 6% immantara? Reddit:If you can prove how you have accrued so much cash on hand you can reconvert it back but the catch is if you are getting it through business then neku iche vadi deggara kuda vadi books lo reflect avvali.
salary ne le. so not an issue. kaani paina question answer batti idi cash in hand kinda declare cheyyalo cheyya koodado chooddamani. Intha money nenu white nundi teesukoni karchu petta(regular expenses and properties konna. vatillo govt value tesesthe migilindantha black ee kada). so idi nenu malli white chesuko vacchu technical gaa. kaani white chesukunte wealth tax vallu book chestara ani question. |
   
Reddit
Side Hero Username: Reddit
Post Number: 6447 Registered: 05-2013 Posted From: 122.175.11.30
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, July 10, 2014 - 07:01 am: |
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Wellsfargo:Reddit bhayya, oka vela wealth tax assalu kattaka pothe mottam back track chesi anni years kattisthara.. penalities emanna untaya.
six years daka they can investigate. Wellsfargo:Nenu last 10 years lo oka 1.5 crore daka white money ni unaccounted gaa kharchu chesa (plots lo money paid over market value, monthly expenses as I rented the house from a relative without any paper work and all the utility bills were paid on his name, buying gold etc). Ivanni malli white loki convert cheseyyocchu anukuntunna malli saying that this is cash on hand. cash on hand ani chepthe just ee year ki cheppala or sampadinchi nappati nundi cheppala?
If you can prove how you have accrued so much cash on hand you can reconvert it back but the catch is if you are getting it through business then neku iche vadi deggara kuda vadi books lo reflect avvali. Spend less time trying to be brilliant and more time trying to avoid obvious stupidity. |
   
Wellsfargo
Comedian Username: Wellsfargo
Post Number: 1727 Registered: 06-2012 Posted From: 49.205.116.106
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 11:23 pm: |
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Non performing assets meeda ne tax wealth calculate chestaru. Agricultural lands cover avvavu wealth tax lo. Residential lands, gold, cash at hand, car lantivi matrame choostharu. Reddit bhayya, oka vela wealth tax assalu kattaka pothe mottam back track chesi anni years kattisthara.. penalities emanna untaya. Nenu last 10 years lo oka 1.5 crore daka white money ni unaccounted gaa kharchu chesa (plots lo money paid over market value, monthly expenses as I rented the house from a relative without any paper work and all the utility bills were paid on his name, buying gold etc). Ivanni malli white loki convert cheseyyocchu anukuntunna malli saying that this is cash on hand. cash on hand ani chepthe just ee year ki cheppala or sampadinchi nappati nundi cheppala? |
   
Reddit
Side Hero Username: Reddit
Post Number: 6381 Registered: 05-2013 Posted From: 122.175.11.30
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 05:14 pm: |
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Chillarodu:http://www.thehindubusinessline.com/features/know-all-about- wealth-tax/article5840450.ece
check with any ca h'll clarify. I've got it done so I know the information first hand. Gold valuation deggara chala problem ayyindi Spend less time trying to be brilliant and more time trying to avoid obvious stupidity. |
   
Reddit
Side Hero Username: Reddit
Post Number: 6379 Registered: 05-2013 Posted From: 122.175.11.30
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 05:11 pm: |
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Chillarodu:I don't think that works? Where do they get the Market value? It is not documented in any sale. If similar land next to your property was sold then the parties involved will have the purchase and sale document with registration value. Rest would be dealt in black money.
True value of the property is taken into consideration not the sale deed value and there are IT certified valuators who will do it. Spend less time trying to be brilliant and more time trying to avoid obvious stupidity. |
   
Chillarodu
Side Hero Username: Chillarodu
Post Number: 6210 Registered: 03-2008 Posted From: 128.103.224.124
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 05:07 pm: |
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Reddit:query lenantha varaku you can do whatever but oka sari query padithe matram they will calculate as per the market value.
I don't think that works? Where do they get the Market value? It is not documented in any sale. If similar land next to your property was sold then the parties involved will have the purchase and sale document with registration value. Rest would be dealt in black money. |
   
Bhadram
Junior Artist Username: Bhadram
Post Number: 767 Registered: 05-2014 Posted From: 24.114.75.222
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 05:02 pm: |
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Already unte Paristhiti emiti ? Spend less time trying to be brilliant and more time trying to avoid obvious stupidity
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Reddit
Side Hero Username: Reddit
Post Number: 6375 Registered: 05-2013 Posted From: 122.175.11.30
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 04:57 pm: |
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Chillarodu:registration value kadha vundali not the market value.
query lenantha varaku you can do whatever but oka sari query padithe matram they will calculate as per the market value. Even gold kuda current price tho compute chestharu Spend less time trying to be brilliant and more time trying to avoid obvious stupidity. |
   
Chillarodu
Side Hero Username: Chillarodu
Post Number: 6209 Registered: 03-2008 Posted From: 128.103.224.124
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 04:49 pm: |
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Reddit:India lo personal assets 30 lakhs lekunda OCs evaru vuntaaru vayya ?
registration value kadha vundali not the market value. Right now CBN is planning to raise the registration value for all lands in AP so that they will be close to market value. idhi jarigithe almost everyone who owns agricultural land in krishna and guntur dt has to pay wealth tax |
   
Emc2
Megastar Username: Emc2
Post Number: 27903 Registered: 03-2008 Posted From: 128.229.4.2
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 04:27 pm: |
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care full guys ,MRO office lo pani leni M gallu chala mandi untaru, ilantivi kelukuthu untaru.. |
   
Reddit
Side Hero Username: Reddit
Post Number: 6370 Registered: 05-2013 Posted From: 122.175.11.30
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 04:00 pm: |
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Rajusk:anyways..ghar me CA hai..if CA can handle this..
CA ney handle chesthaar Spend less time trying to be brilliant and more time trying to avoid obvious stupidity. |
   
Rajusk
Legend Username: Rajusk
Post Number: 31742 Registered: 02-2008 Posted From: 170.74.55.80
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 03:58 pm: |
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Reddit:Better take an opinion so that you are prepared if IT mama comes knocking
anyways..ghar me CA hai..if CA can handle this.. |
   
Reddit
Side Hero Username: Reddit
Post Number: 6369 Registered: 05-2013 Posted From: 122.175.11.30
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 03:57 pm: |
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Rajusk:book hogaye naa ustaad..deeniki kooda CA deggarake povalna ??
Better take an opinion so that you are prepared if IT mama comes knocking.  Spend less time trying to be brilliant and more time trying to avoid obvious stupidity. |
   
Rajusk
Legend Username: Rajusk
Post Number: 31741 Registered: 02-2008 Posted From: 170.74.55.80
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 03:53 pm: |
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Reddit:India lo personal assets 30 lakhs lekunda OCs evaru vuntaaru vayya ? http://www.thehindubusinessline.com/features/know-all-about- wealth-tax/article5840450.ece
book hogaye naa ustaad..deeniki kooda CA deggarake povalna ?? |
   
Reddit
Side Hero Username: Reddit
Post Number: 6357 Registered: 05-2013 Posted From: 122.175.11.30
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 03:17 pm: |
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Rajusk:Wealth unnodine kada evadaina query chesedi..lenodine chesthe em vasthundi..
India lo personal assets 30 lakhs lekunda OCs evaru vuntaaru vayya ? http://www.thehindubusinessline.com/features/know-all-about- wealth-tax/article5840450.ece  Rajusk:btw..gift registration anedi valid registration ae naa ? to sell in future ?
Gift deed registered ayithe valid for selling in future. Spend less time trying to be brilliant and more time trying to avoid obvious stupidity. |
   
Rajusk
Legend Username: Rajusk
Post Number: 31739 Registered: 02-2008 Posted From: 170.74.55.80
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 03:10 pm: |
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Reddit:Wealth tax kuda tega queries paduthunnayi naaku last year & this year for my brother.
Wealth unnodine kada evadaina query chesedi..lenodine chesthe em vasthundi.. btw..gift registration anedi valid registration ae naa ? to sell in future ? |
   
Reddit
Side Hero Username: Reddit
Post Number: 6354 Registered: 05-2013 Posted From: 122.175.11.30
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 03:07 pm: |
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Wellsfargo:source undalani telusu. Kaani 50 lakhs limit ekkada undi? I have not seen that anywhere
relevant clause kavali ante repu isthaanu but that rule is there. Wealth tax kuda tega queries paduthunnayi naaku last year & this year for my brother. Spend less time trying to be brilliant and more time trying to avoid obvious stupidity. |
   
Wellsfargo
Comedian Username: Wellsfargo
Post Number: 1726 Registered: 06-2012 Posted From: 49.205.116.106
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 03:03 pm: |
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Reddit:There is a limit of 50 lakhs bhayya not that you can keep gifting any amount. That 50 lakhs should have source too.
source undalani telusu. Kaani 50 lakhs limit ekkada undi? I have not seen that anywhere |
   
Reddit
Side Hero Username: Reddit
Post Number: 6351 Registered: 05-2013 Posted From: 122.175.11.30
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 02:58 pm: |
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Wellsfargo:Also there is no tax on the money that you can gift to your blood relatives/
There is a limit of 50 lakhs bhayya not that you can keep gifting any amount. That 50 lakhs should have source too. Spend less time trying to be brilliant and more time trying to avoid obvious stupidity. |
   
Wellsfargo
Comedian Username: Wellsfargo
Post Number: 1725 Registered: 06-2012 Posted From: 49.205.116.106
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 02:57 pm: |
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Chitti_babu:Binaami Binaami is the answer !!!!
I will supply the Binaamis.. |
   
Tombrady
Megastar Username: Tombrady
Post Number: 21245 Registered: 05-2012 Posted From: 216.163.216.56
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 02:55 pm: |
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NRI's cannot buy agriculture land only commercial and residential land parents name meeda konochu but malli transfer etc etc ani head aches |
   
Chitti_babu
Hero Username: Chitti_babu
Post Number: 11632 Registered: 03-2012 Posted From: 108.179.36.130
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 02:54 pm: |
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Binaami Binaami is the answer !!!! |
   
Padmasri
Side Hero Username: Padmasri
Post Number: 3593 Registered: 10-2011 Posted From: 162.252.85.172
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 02:53 pm: |
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yes, NRIs are not permitted to buy agricultural land..and it has nothing to do with your citizenship.....ippati varaku eee rule ni evaroo enforce cheyyaledu...chesthe problem... |
   
Rbabu
Side Hero Username: Rbabu
Post Number: 2145 Registered: 09-2013 Posted From: 199.90.60.4
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 02:53 pm: |
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Sachin:manam money pampithe dad vaalla peru meeda konukkovacha?
Yes. Nenu alaage chesina.
Wellsfargo:Guys the central income tax department is planning to look at the land purchases and the residency of the owner in that year
IT department India motham land registrations verify chesentha scene ledu ..... impossible unless someone gives a complaint |
   
Wellsfargo
Comedian Username: Wellsfargo
Post Number: 1724 Registered: 06-2012 Posted From: 49.205.116.106
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 02:52 pm: |
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Sachin:manam money pampithe dad vaalla peru meeda konukkovacha?
Happy gaa konukkovacchu. actually this is a loophole in the FEMA law. An NRI can own the land when you inherit it as a part of the will from blood relatives.. so if you buy on your Dad's name, you can get the land back as inherited property at some point of time. Also there is no tax on the money that you can gift to your blood relatives/ |
   
Sachin
Legend Username: Sachin
Post Number: 37212 Registered: 04-2008 Posted From: 208.78.147.194
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 02:48 pm: |
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Wellsfargo:
manam money pampithe dad vaalla peru meeda konukkovacha? |
   
Wellsfargo
Comedian Username: Wellsfargo
Post Number: 1723 Registered: 06-2012 Posted From: 49.205.116.106
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 09, 2014 - 02:44 pm: |
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Guys the central income tax department is planning to look at the land purchases and the residency of the owner in that year. As per FEMA regulations, you are prevented from owning agricultural land if you stay outside India in that year for more than six months. |