Announcement

Collapse
No announcement yet.

Helios by Sunshine Developers in Sector 78, Noida

Collapse
X
Collapse

Helios by Sunshine Developers in Sector 78, Noida

Last updated: August 14 2017
4771 | Posts
  • Time
  • Show
Clear All
new posts

  • Re : Helios by Sunshine Developers in Sector 78, Noida

    Originally posted by trialsurvey View Post
    fatichar bhai hats off to you .. for not going in for "black" deals !!
    YES, even after highest interest rate and large Unsold inventory...RE prices are not comimg to affordable level.

    The Flow of black money is responsible for it.

    Comment


    • Re : Helios by Sunshine Developers in Sector 78, Noida

      Happy New Year 2012

      Wishing all of you and SSH staff...A very Happy and wonderful New Year !!!

      Comment


      • Re : Helios by Sunshine Developers in Sector 78, Noida

        Newsletter again delayed.

        Comment


        • Re : Helios by Sunshine Developers in Sector 78, Noida

          hi
          why the newsletter again delayed ...did you get a change to talk with SSH Guys...........

          Comment


          • Re : Helios by Sunshine Developers in Sector 78, Noida

            No.

            I have somehow lost the interest in the project :-(

            Comment


            • Re : Helios by Sunshine Developers in Sector 78, Noida

              Originally posted by cautious_guy View Post
              Fatichar, Trialsurvery, All

              I am reposting my query from other thread. Will appreciate inputs.

              -----------------------------------------------------------------------

              Can someone please once again verify capital gains rules in layman terms.

              I have questions regarding two specific scenario’s:

              1) If one sells underconstruction property in less than 3 yrs of purchase (needless to say issue of possession does not arise in under construction), and reinvests the entire proceed (with gains) in another under construction residential property, within 12 months and within the same finanical year, will he/she still be liable for capital gains tax ? For sake of easiness let us assume that selling of first property and buying of other property happens within April'12 to March'13 i.e. within same FY.

              I guess above is more or less answered that one will need to pay short-term capital gains tax and profit will be added to taxable income.


              2) If one sells underconstruction property in less than 3 yrs of purchase (needless to say issue of possession does not arise in under construction), and reinvests the entire proceed (with gains) in another completed residential property, AND gets property registered in his/her name within 12 months and within the same financial year, will he/she still be liable for capital gains tax ? For sake of easiness let us assume that selling of first property and buying of other property happens within April'12 to March'13 i.e within same FY.

              What about 2nd scenario ?

              Sorry, if this is a repeat question and has been already addressed. But I need clarity on these two scenario's as answer will impact my course of action.


              Will appreciate clarity on the topic ?
              dear CG

              1. the amount which is considered for taxable income ( LT/ST capital gains tax) is not the entire amount accrued out of your sale but is calculated by the fwg formula
              Taxable Income = Selling Price - (cost price + Inflation Index calculated for the years property is held). only this amount is added to your taxable income.

              2. moreover, you have three years to invest the amount calculated above in a property to avoid ST/LT capital gaind tax. the entire selling amount need not be reinvested.

              regards
              sids

              Comment


              • Re : Helios by Sunshine Developers in Sector 78, Noida

                As per my info:

                1. the formula you mentioned is only applicable for LTCG. For STCG, the entire profit in rupee terms is taxable.

                2. yes, u have three years to invest the amount obtained by sale. but:

                a) only applicable for LTCG.

                b) the three yr window starts 1 yr before the sale and ends at two years after the sale.

                c) entire amount has to be invested to obtain full exemption. else, partial excemption will be given

                http://property..com/newproperty/tax/taxadvFAQ.html


                Originally posted by sids69 View Post
                dear CG

                1. the amount which is considered for taxable income ( LT/ST capital gains tax) is not the entire amount accrued out of your sale but is calculated by the fwg formula
                Taxable Income = Selling Price - (cost price + Inflation Index calculated for the years property is held). only this amount is added to your taxable income.

                2. moreover, you have three years to invest the amount calculated above in a property to avoid ST/LT capital gaind tax. the entire selling amount need not be reinvested.

                regards
                sids

                Comment


                • Re : Helios by Sunshine Developers in Sector 78, Noida

                  dear fatichar,

                  - the link is presently not active may b web site issue.

                  - will recheck wrt ur views on ST.
                  - i standby wrt to my statement regarding reinvestment of only the profit part (LT) as i myself had cum under IT scrutiny for a property purchase and i was able to go scot free because of the s ame clause. notjing paid for chai- pani.. KHUD BHUGTA HUA HOON !!!!

                  - by the way why r u shifting to pune and why hav u lost interest in SSH ? ( hope not being intrusive)
                  regards
                  sids

                  - however

                  Comment


                  • Re : Helios by Sunshine Developers in Sector 78, Noida

                    First hand exp is the best! But sadly, no way to save STCG.

                    I am shifting to Pune as I belong to Maharashtra. May be that's why not that much interested in SSH. As I have turned from an end user to investor.

                    Comment


                    • Re : Helios by Sunshine Developers in Sector 78, Noida

                      this might be helpful too....

                      Originally posted by sids69 View Post
                      dear fatichar,

                      - the link is presently not active may b web site issue.

                      - will recheck wrt ur views on ST.
                      - i standby wrt to my statement regarding reinvestment of only the profit part (LT) as i myself had cum under IT scrutiny for a property purchase and i was able to go scot free because of the s ame clause. notjing paid for chai- pani.. KHUD BHUGTA HUA HOON !!!!

                      - by the way why r u shifting to pune and why hav u lost interest in SSH ? ( hope not being intrusive)
                      regards
                      sids

                      - however
                      Attached Files

                      Comment

                      Tags: None
                      Have any questions or thoughts about this?
                      Working...
                      X