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Junior_no1
Hero Username: Junior_no1
Post Number: 12553 Registered: 09-2014 Posted From: 115.242.237.11
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 12:05 pm: |
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Idle_yzag:(even though market value is 40L, he sold for less than market value coz of vasthu issues)
IT ollaki government rate saalu DB SALAD AITHEY SESANI SEASONING LANTODU |
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Junior_no1
Hero Username: Junior_no1
Post Number: 12552 Registered: 09-2014 Posted From: 115.242.237.11
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 12:02 pm: |
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Amaravathi:
 DB SALAD AITHEY SESANI SEASONING LANTODU |
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Andhrawala
Legend Username: Andhrawala
Post Number: 48679 Registered: 03-2008 Posted From: 152.51.56.1
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 11:57 am: |
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Junior_no1:aina NRI's ki ee bhayam endi vayya,eeda paisal ammi aada credit cards debts clear sesam ani seppukovachu
credit card debts vunnaayi ani seppukotam konsem naamoshi kathaa. andhukee idhi sepparu No Signature |
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Amaravathi
Side Hero Username: Amaravathi
Post Number: 6754 Registered: 04-2015 Posted From: 72.214.116.2
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 11:56 am: |
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Junior_no1:aina NRI's ki ee bhayam endi vayya,eeda paisal ammi aada credit cards debts clear sesam ani seppukovachu
 Technically I oppose but Heartfully I accept - Pulp |
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Junior_no1
Hero Username: Junior_no1
Post Number: 12551 Registered: 09-2014 Posted From: 115.242.237.11
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 11:54 am: |
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Amaravathi:if u dont file
aina NRI's ki ee bhayam endi vayya,eeda paisal ammi aada credit cards debts clear sesam ani seppukovachu DB SALAD AITHEY SESANI SEASONING LANTODU |
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Junior_no1
Hero Username: Junior_no1
Post Number: 12550 Registered: 09-2014 Posted From: 115.242.237.11
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 11:53 am: |
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return file cheyyali ,tax aithey padadu DB SALAD AITHEY SESANI SEASONING LANTODU |
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Amaravathi
Side Hero Username: Amaravathi
Post Number: 6752 Registered: 04-2015 Posted From: 72.214.116.2
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 11:47 am: |
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Idle_yzag:yemina link vunte padey, incase if we dont file, what next?
link ledhu..experience tho septhunda and if u dont file..nothing will happen.. IT dept nunchi notice raavochu to file tax return..then u have to file it Technically I oppose but Heartfully I accept - Pulp |
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Idle_yzag
Legend Username: Idle_yzag
Post Number: 39166 Registered: 02-2008 Posted From: 12.130.4.244
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 11:41 am: |
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Amaravathi:Yes
yemina link vunte padey, incase if we dont file, what next? JP/Chiru |
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Amaravathi
Side Hero Username: Amaravathi
Post Number: 6748 Registered: 04-2015 Posted From: 72.214.116.2
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 10:44 am: |
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Idle_yzag: if there is no income or capital gains, still we need to file?
Yes Technically I oppose but Heartfully I accept - Pulp |
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Rajusk
Legend Username: Rajusk
Post Number: 45187 Registered: 02-2008 Posted From: 172.56.2.148
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 09:40 am: |
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Idle_yzag: if there is no income or capital gains, still we need to file? I thought no need to file your tax
Check with CA Rao garu.. |
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Idle_yzag
Legend Username: Idle_yzag
Post Number: 39163 Registered: 02-2008 Posted From: 12.130.4.244
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 09:33 am: |
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Telugudesam:but returns file cheyali anukunta details tho.
if there is no income or capital gains, still we need to file? I thought no need to file your tax JP/Chiru |
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Inquisitive
Comedian Username: Inquisitive
Post Number: 1184 Registered: 09-2014 Posted From: 72.223.25.121
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 09:16 am: |
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Idle_yzag:How do we calculate capital gains? ma friend (bunty) brought house in 2008 for 27L he sold same house in 2015 for 35L (even though market value is 40L, he sold for less than market value coz of vasthu issues) now IT department asking for capital gain taxes when googled found this article: http://nriinformation.com/nri_guide/calculate_capital_gain.h tm and here is the inflation rate chart http://nriinformation.com/nri_guide/cost_inflation_index.htm based on above 2 links 1. 2008 inflation index : 582 2. 2015 inflation index : 1024 based on inflation index, this property brought in 2008 for 27L = 47L Sold for 35L, so there is no capital gains Is this fair argument or anything is missing
Perfect. No need to pay tax. As long you don't sell within three years of buying, the gains (if any) would be treated as long term capital gains. For long term capital gains, tax is calculated only after adjusting for inflation (using index given by central government). In this case, there are no gains so obviously no taxes. It is not a rare situation. It has been happening to many people who invested in Hyderabad real estate in the last decade. "Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963
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Gudiwada
Side Hero Username: Gudiwada
Post Number: 2237 Registered: 02-2007 Posted From: 74.118.96.34
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 09:16 am: |
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Idle_yzag:ma friend (bunty) brought house in 2008 for 27L he sold same house in 2015 for 35L (even though market value is 40L, he sold for less than market value coz of vasthu issues)
Vizag loo 40 ki ammithee 40 white transaction settara ? |
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Telugudesam
Comedian Username: Telugudesam
Post Number: 1154 Registered: 08-2008 Posted From: 136.2.1.105
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 09:10 am: |
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Idle bro, You are right. no need to pay tax, but returns file cheyali anukunta details tho. |
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Idle_yzag
Legend Username: Idle_yzag
Post Number: 39162 Registered: 02-2008 Posted From: 12.130.4.244
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 09:07 am: |
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Risingstar:ekkadaki brought chesadu USA kaa?
Idle_yzag:Did anyone sold property in India
JP/Chiru |
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Risingstar
Legend Username: Risingstar
Post Number: 36301 Registered: 08-2008 Posted From: 12.91.218.206
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 09:05 am: |
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Idle_yzag:ma friend (bunty) brought house in 2008 for 27L
ekkadaki brought chesadu USA kaa? CNKV |
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Idle_yzag
Legend Username: Idle_yzag
Post Number: 39161 Registered: 02-2008 Posted From: 12.130.4.244
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, March 02, 2016 - 08:58 am: |
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How do we calculate capital gains? ma friend (bunty) brought house in 2008 for 27L he sold same house in 2015 for 35L (even though market value is 40L, he sold for less than market value coz of vasthu issues) now IT department asking for capital gain taxes when googled found this article: http://nriinformation.com/nri_guide/calculate_capital_gain.h tm and here is the inflation rate chart http://nriinformation.com/nri_guide/cost_inflation_index.htm based on above 2 links 1. 2008 inflation index : 582 2. 2015 inflation index : 1024 based on inflation index, this property brought in 2008 for 27L = 47L Sold for 35L, so there is no capital gains Is this fair argument or anything is missing JP/Chiru |