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Tax Planning & Help
Tracked by: 0 Boarder
On 10th Oct. very Few Investors DARED to buy the shares due to PANIC Situation. Mostly HNI & MF / FII must have Bought the shares.
It requires conviction to buy shares in Panic Situations.
P.C.Sharma...
In reply to:
radhika_nandlal
Yes pcspune, a staggered method is the best method.
But trading once or twice a year on days like ystday is the best way to build wealth. Imagine one could have made 50% in skumars and 10% in SBI with 20% in relcom in ONE DAY.
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You can net the short term gains for the whole financial year if the following conditions are met.
1. STT should have been paid in all the three groups ( Equity, Debt MF and Gold ETF.)
2. All the three groups should come under the definition of short term viz. period of holding less than one year.
(I cannot verify the exact legal position; this is my conclusion drawn on logics only.)...
In reply to:
Capital gains
Posted by :
surinder.nangal
Can short term losses in equity be booked against gains in debt mfs and gold etfs?
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Yes pcspune, a staggered method is the best method.
But trading once or twice a year on days like ystday is the best way to build wealth. Imagine one could have made 50% in skumars and 10% in SBI with 20% in relcom in ONE DAY.
...
In reply to:
pcspune
Dear Radhika Nandlal,
If you decide to buy Gold, it should be in small Quantities on Declines( Similar to SIP Style).
P.C.Sharma
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Dear Radhika Nandlal,
If you decide to buy Gold, it should be in small Quantities on Declines( Similar to SIP Style).
P.C.Sharma...
In reply to:
radhika_nandlal
Thansk pcspune,
I will check it out.
In UK right now there is a gold rush.
Its so sad to invest for a 25 year term when i am 46, of what use to me? However i have emailed ur investment pattern to my nieces, nephews and kids so they read it at office. I will however be trying out ulips and mahila plans.
Tracked by: 0 Boarder
Thansk pcspune,
I will check it out.
In UK right now there is a gold rush.
Its so sad to invest for a 25 year term when i am 46, of what use to me? However i have emailed ur investment pattern to my nieces, nephews and kids so they read it at office. I will however be trying out ulips and mahila plans....
In reply to:
pcspune
Dear Radhika nandlal,
I DONT see GOLD as an effecient Investment from Returns Point of view
& hence never monitored it as Investment avenue. If you understand it Properly & monitor Regularly, it may be an Option.
Regarding 100 - AGE Formula,my views are as Following.
If somebody youngman in TWENTIES has only few Thousand Rupees, he should Invest at least 6 months Expences in DEBT & Remaining ( say less han 50% of Total Assets) in Equity.
If somebody is above 50 years & have 1 Crore Rupees, he should Invest 5-10 Lacs in Debt & Remaining ( over 90% ) in Equity so that he is not short of money at the Age of 80 years(considering Infltion).
for VAC please visit w w w moneytoday dot in website & Click on Mutal Funds & 10th month. Lot about VAC was Exchanged last month by vvrk & Anshal on this Board.
P.C.Sharma
Tracked by: 0 Boarder
Dear Radhika nandlal,
I DONT see GOLD as an effecient Investment from Returns Point of view
& hence never monitored it as Investment avenue. If you understand it Properly & monitor Regularly, it may be an Option.
Regarding 100 - AGE Formula,my views are as Following.
If somebody youngman in TWENTIES has only few Thousand Rupees, he should Invest at least 6 months Expences in DEBT & Remaining ( say less han 50% of Total Assets) in Equity.
If somebody is above 50 years & have 1 Crore Rupees, he should Invest 5-10 Lacs in Debt & Remaining ( over 90% ) in Equity so that he is not short of money at the Age of 80 years(considering Infltion).
for VAC please visit w w w moneytoday dot in website & Click on Mutal Funds & 10th month. Lot about VAC was Exchanged last month by vvrk & Anshal on this Board.
P.C.Sharma...
In reply to:
radhika_nandlal
Thanks a lot pcspune for giving us a glimpse into your investment style. I have in fact saved ur post for future reference. YOu see this is the time to sell everything and invest in equity related instruments.
BTW you havent mentioned gold at all. In UK I understand folks are Queing up to buy Gold. Dint know UK will display the herd mentality that India displays for the yellow metal. LOL
Mahila unit scheme really looks interesting, i should look it up and also take some ULIP... what i feel sad about though is that i dint have the interest when i was 20 years old to invest safely and wisely. Only now i have developed an enormous interest in Wealth creation. Had i this kind of interest, i could have beaten my hubby to the game. LOL.. frankly the kind of interaction MMB provides it would be impossible to get anywhere in the world. Its almost like a free service. Thanks a lot.
Equity investment = 100- age
Yes the above leaves no room for optimism for citizens over 40.
Regards
Radhika
What is VAC process?
Tracked by: 0 Boarder
Thanks a lot pcspune for giving us a glimpse into your investment style. I have in fact saved ur post for future reference. YOu see this is the time to sell everything and invest in equity related instruments.
BTW you havent mentioned gold at all. In UK I understand folks are Queing up to buy Gold. Dint know UK will display the herd mentality that India displays for the yellow metal. LOL
Mahila unit scheme really looks interesting, i should look it up and also take some ULIP... what i feel sad about though is that i dint have the interest when i was 20 years old to invest safely and wisely. Only now i have developed an enormous interest in Wealth creation. Had i this kind of interest, i could have beaten my hubby to the game. LOL.. frankly the kind of interaction MMB provides it would be impossible to get anywhere in the world. Its almost like a free service. Thanks a lot.
Equity investment = 100- age
Yes the above leaves no room for optimism for citizens over 40.
Regards
Radhika
What is VAC process?...
In reply to:
pcspune
Dear Radhika Nandlal,
I am not Expert in Share Market although I started Investing in shares ( only Primary Market ) since 1987. I sold most shares after getting 300 - 400 % Profits within 1-4 years. I also lost money in few IPOs( hardly 10% of Profits ).
I started Investing in Tax saving Mutual Funds from 1990
(hardly Rs.10000 per year).
Profits Earned from Shares / Mutual Funds are very low in Comparison to my Regular Income as Engineer /Construction Business.
I held Shares of 1 company for over 14 years & got Profits 25 Times
( 2500% )when sold few months back.
Being Mechanical Engineer by Profession, I know TOO MUCH about many Companies & therefore not comfortable investing in Secondary Market.
I think that Most MUTUAL Fund Managers are more Intelligent than me.
therefore I Invest in Mutual Funds.
Returns of Reliance Growth Fund & SBI Tax Gain Scheme 1993 are best I recieved ( more than 100% from 2005 till date ) in Dividend Payout Option.
I always opt for Dividend Payout even if I dont need Money.
I had never Invested in any PLAN of LIC because I did not Require Life Insurance of 1-2 Lacs & Returns are less than FD / PPF.Currently( after 2004) I have 18 Lacs Life Insurance cover through ULIPS of Plivate Insurerance Companies.
I started studying Mutual Funds Investments since 2004 only. Presently I can share my Following Observations / Conclusions with you & other Boarders.
- Few Good ULIPS with minimum Premium & Maximum Insurance Cover are BEST & CHEAPER option for Insurance & Retirement for INFORMED Investor. In many cases GREEDY Insurance Agents Cheat Investors by Selling Costly ULIPS to earn HIGH Commissions.
EQUITY / Balance Mutual Funds are Best Option for Wealth Creation.
For Safe Investments MIP / Mahila Unit Scheme are Better than FD.
Investments in FD may prove to be most INJURIOUS to your Financial Health after retirement( In view of Inflation & Tax Laws).
If somebody Invests 10% of Salary in GOOD ULIPS/Mutual Funds for 30 years,he can recieve 5 Times of Salary every month after 30 years(SWP from Mutual Funds).
I am INVESTING all my Incomes in Diversified EQUITY Mutual Funds by VIP ( Value Averaging Process).
I DONT believe in Following Theories
- Equity Investment = 100 - Age
- Long Term Investment without Profit BOOKING
Although Timing of Market is Impossible. However all of us try TIMING the Market. TIMING the Market is not CRIME. One Should try to BOOK Profits ( as per VAC Process).
Nobody can get Maximum Profits but we should try to get OPTIMUM Profits( 15-25% Per year).
Best Wishes.
P.C.Sharma
Can short term losses in equity be booked against gains in debt mfs and gold etfs?...
Tracked by: 0 Boarder
Dear Radhika Nandlal,
I am not Expert in Share Market although I started Investing in shares ( only Primary Market ) since 1987. I sold most shares after getting 300 - 400 % Profits within 1-4 years. I also lost money in few IPOs( hardly 10% of Profits ).
I started Investing in Tax saving Mutual Funds from 1990
(hardly Rs.10000 per year).
Profits Earned from Shares / Mutual Funds are very low in Comparison to my Regular Income as Engineer /Construction Business.
I held Shares of 1 company for over 14 years & got Profits 25 Times
( 2500% )when sold few months back.
Being Mechanical Engineer by Profession, I know TOO MUCH about many Companies & therefore not comfortable investing in Secondary Market.
I think that Most MUTUAL Fund Managers are more Intelligent than me.
therefore I Invest in Mutual Funds.
Returns of Reliance Growth Fund & SBI Tax Gain Scheme 1993 are best I recieved ( more than 100% from 2005 till date ) in Dividend Payout Option.
I always opt for Dividend Payout even if I dont need Money.
I had never Invested in any PLAN of LIC because I did not Require Life Insurance of 1-2 Lacs & Returns are less than FD / PPF.Currently( after 2004) I have 18 Lacs Life Insurance cover through ULIPS of Plivate Insurerance Companies.
I started studying Mutual Funds Investments since 2004 only. Presently I can share my Following Observations / Conclusions with you & other Boarders.
- Few Good ULIPS with minimum Premium & Maximum Insurance Cover are BEST & CHEAPER option for Insurance & Retirement for INFORMED Investor. In many cases GREEDY Insurance Agents Cheat Investors by Selling Costly ULIPS to earn HIGH Commissions.
EQUITY / Balance Mutual Funds are Best Option for Wealth Creation.
For Safe Investments MIP / Mahila Unit Scheme are Better than FD.
Investments in FD may prove to be most INJURIOUS to your Financial Health after retirement( In view of Inflation & Tax Laws).
If somebody Invests 10% of Salary in GOOD ULIPS/Mutual Funds for 30 years,he can recieve 5 Times of Salary every month after 30 years(SWP from Mutual Funds).
I am INVESTING all my Incomes in Diversified EQUITY Mutual Funds by VIP ( Value Averaging Process).
I DONT believe in Following Theories
- Equity Investment = 100 - Age
- Long Term Investment without Profit BOOKING
Although Timing of Market is Impossible. However all of us try TIMING the Market. TIMING the Market is not CRIME. One Should try to BOOK Profits ( as per VAC Process).
Nobody can get Maximum Profits but we should try to get OPTIMUM Profits( 15-25% Per year).
Best Wishes.
P.C.Sharma
...
In reply to:
radhika_nandlal
Subasu, Ashalanshu, pcspune, Ranjan,
I hold all of you in high esteem and think you have all the tools necessary to build wealth and have always wondered if you all have been enormously successful in building wealth with all the knowledge at ur disposal. Could you tell us how much the stockmarkets have given you in the past 10 years at least. Or is it too personal? How much you each invested in MFs, how much its now etc etc.. in which stock you invested at what rate and why and how much its now. What kind of LIC you have taken or other insurances. What has been ur success in real estate.. Every aspect of ur wealth building process would be of immense interest not only to me but to all boarders here. Who else but you can be our models here?
Tracked by: 0 Boarder
There is no tax on intra day trading except that you have to pay Securities Transaction Taxes as applicable.
If you are referring to the profits made on intra day trading, YES, it is taxable once your total income crosses the threshold limits, presently Rs. 1,50,000 in a financial year....
In reply to:
How to calculate tax on share trading
Posted by : Guest
Is there any tax on intra day trading?
Tracked by: 0 Boarder
Is there any tax on intra day trading?...
Tracked by: 0 Boarder
Can you pls tell me transforming our existing computer education center business (Three partners) into trust will place any advantage over taxes on our overall turn over above 10lakhs
bhavik prajapati
Anand...
In reply to:
ESOPs are taxed only when sold
Posted by : MMB Messenger
The liability will be calculated on the basis of capital gains accrued.
Tracked by: 0 Boarder
The liability will be calculated on the basis of capital gains accrued....
Tracked by: 1 Boarder
Dear friend, I`m afraid, but as per the info provided by u, u r in trouble.
1. If u keep the money with ur old employer, the money `ll earn interest, but my dear friend as u have not completed 5 years of service, whenever u withdraw the amount in future, it `ll be taxable in that FY.
2. U can`t transfer ur money from PF to PPF
3. It make sense to liquidate ur money now & invest in a mix of Debt & Eq. MFs for long term. Ut loss on account of taxation `ll be compensated by the kick in returns from EQ. over the period.
Thanks
Ashal ...
In reply to:
PF withdrawal, what is the best option
Posted by : Guest
I`ve worked for a private organisation for around 3 years. I`ve left the organisation and joined another organisation. During my tenure in my previous organisation I`ve contributed to EPF. My current organisation doesn`t participate in EPF so I won`t be able to transfer my PF account to new ogranisation. As I haven`t spent 5 years in previous organisation if I withdraw the amount it will be taxable. I am ready to continue the PF and I don`t want to withdraw the money and make it taxable. What are the other options available for me.
1. Can I keep my money in the PF account of my previous organisation? if so would the money in the account earn interest?
2. Can I tranfer the EPF amount to a PPF account, by doing so would the amount be not taxable?
3. If there any other options available please provide
Thanks,
Kumar.
Tracked by: 1 Boarder
I`ve worked for a private organisation for around 3 years. I`ve left the organisation and joined another organisation. During my tenure in my previous organisation I`ve contributed to EPF. My current organisation doesn`t participate in EPF so I won`t be able to transfer my PF account to new ogranisation. As I haven`t spent 5 years in previous organisation if I withdraw the amount it will be taxable. I am ready to continue the PF and I don`t want to withdraw the money and make it taxable. What are the other options available for me.
1. Can I keep my money in the PF account of my previous organisation? if so would the money in the account earn interest?
2. Can I tranfer the EPF amount to a PPF account, by doing so would the amount be not taxable?
3. If there any other options available please provide
Thanks,
Kumar. ...
In reply to:
PF withdrawal, what is the best option
Posted by : Guest
I`ve worked for a private organisation for around 3 years. I`ve left the organisation and joined another organisation. During my tenure in my previous organisation I`ve contributed to EPF. My current organisation doesn`t participate in EPF so I won`t be able to transfer my PF account to new ogranisation. As I haven`t spent 5 years in previous organisation if I withdraw the amount it will be taxable. What are the other options available for me.
1. Can I keep my money in the PF account of my previous organisation? if so would the money in the account earn interest?
2. Can I tranfer the EPF amount to a PPF account, by doing so would the amount be not taxable?
3. If there any other options available please provide
Thanks,
Kumar.
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