Topics | Search Log Out | Register | Edit Profile
Hide Clipart | Banned/Unbanned User Log | Moderator Login History | Thread Delete/Move Log | Last 30 mins | 1 | 2
Did anyone sold property in India

Chalanachithram.com DB » New TF Industry Related » Archive through March 03, 2016 » Did anyone sold property in India « Previous Next »
Author Message
 

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:       


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
 

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:       


Amaravathi:



DB SALAD AITHEY SESANI SEASONING LANTODU
 

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:       


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
 

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:       


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
 

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:       


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
 

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:       

return file cheyyali ,tax aithey padadu
DB SALAD AITHEY SESANI SEASONING LANTODU
 

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:       


Idle_yzag:

yemina link vunte padey, incase if we dont file, what next?




link ledhu..experience tho septhunda :D

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
 

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:       


Amaravathi:

Yes



yemina link vunte padey, incase if we dont file, what next?
JP/Chiru
 

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:       


Idle_yzag:



if there is no income or capital gains, still we need to file?


Yes

Technically I oppose but Heartfully I accept - Pulp
 

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:       


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..
 

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:       


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
 

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:       


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
 

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:       


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 ?
 

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:       

Idle bro,

You are right. no need to pay tax, but returns file cheyali anukunta details tho.
 

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:       


Risingstar:

ekkadaki brought chesadu USA kaa?



Idle_yzag:

Did anyone sold property in India



JP/Chiru
 

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:       


Idle_yzag:

ma friend (bunty) brought house in 2008 for 27L




ekkadaki brought chesadu USA kaa?
CNKV
 

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:       

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

Add Your Message Here
Post:
Bold text Italics Underline Create a hyperlink Insert a clipart image HASH(0x861f490){Movie Clipart}
Show / hide regular icons selection options

Click on following links to open cliparts by Alphabetical Order

 A   B   C   D   E   F   G   H   I   J   K   L   M  

N   O   P   Q   R   S   T   U   V   W   X   Y   Z  

Show / Hide Filmy icons selection options

Click on following links to open cliparts by Alphabetical Order

  A   B   C   D   E   F   G   H   I   J   K   L   M  

N   O   P   Q   R   S   T   U   V   W   X   Y   Z  

Username: Posting Information:
This is a public posting area. Enter your username and password if you have an account. Otherwise, enter your full name as your username and leave the password blank. Your e-mail address is optional.
Password:
E-mail:
Options: Enable HTML code in message
Automatically activate URLs in message
Action: