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Helios by Sunshine Developers in Sector 78, Noida

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Helios by Sunshine Developers in Sector 78, Noida

Last updated: August 14 2017
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  • Re : Helios by Sunshine Developers in Sector 78, Noida

    Originally posted by sequence View Post
    20% LTCG.
    For short term CG, its the same rate as normal salary. That is add the CG to your salary and calculate the normal salary tax.

    Cheers,
    Thanks for clarification Sequence Bro..
    so if someone earns 5 lacs annually from property, they don't need to file anything..
    right?
    Last edited by Cookie; November 4 2012, 01:25 AM.
    Thanks

    Comment


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

      Originally posted by fatichar View Post
      either "10%", or "20% after indexation". Tax payer can choose any of the two.
      Who told you about this 10% ? I do not think there is such a formulae for calculating tax on LTCG.

      Its 20% flat as of last few yrs.

      Cheers,

      Comment


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

        Originally posted by cookie View Post
        Thanks for clarification Sequence Bro..
        so if someone earns 5 lacs annually from property, they don't need to file anything..
        right?
        IT return filing is a different subject . No idea.

        Comment


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

          Flat 20% is not correct. It is after indexation. You yourself applied indexation in your post on last page http://www.indianrealestateforum.com...e225.html#2249

          About 10%, I checked again. It was for shares, not real estate.

          Comment


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

            Originally posted by cookie View Post
            Thanks for clarification Sequence Bro..
            so if someone earns 5 lacs annually from property, they don't need to file anything..
            right?
            I think the zero tax slab is up to 2 lakh only. So the remaining 3L would be taxed. (assuming he has no other income)

            Comment


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

              Originally posted by fatichar View Post
              I think the zero tax slab is up to 2 lakh only. So the remaining 3L would be taxed. (assuming he has no other income)
              no its 5 lac Praveen Bro... Please check again I hope I am not missing anything.
              if someone's annual income is up to 5 lac only.. He doesn't need to file even income tax return. It has been applicable from this year only..
              Thanks

              Comment


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

                Originally posted by fatichar View Post
                Flat 20% is not correct. It is after indexation. You yourself applied indexation in your post on last page http://www.indianrealestateforum.com...e225.html#2249

                About 10%, I checked again. It was for shares, not real estate.
                Fatichar bro, tax is flat 20% on RE LTCG. Thats what i meant.
                Not 10%.

                Indexation is already taken into consideration while calculating LTCG.

                Also cookie is talking about IT return filing exemption upto 5 L income. He is not talking about tax exemption upto 5L.

                Cheers,

                Comment


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

                  Originally posted by sequence View Post
                  Fatichar bro, tax is flat 20% on RE LTCG. Thats what i meant.
                  Not 10%.

                  Indexation is already taken into consideration while calculating LTCG.

                  Also cookie is talking about IT return filing exemption upto 5 L income. He is not talking about tax exemption upto 5L.

                  Cheers,
                  I think cookie thinks that not filing is equal to not paying tax. That's why a in his post!

                  Cookie, if there is no other income apart from LTCG on property, then:

                  2 lakh would be exempt.

                  taxable income = 5L - 2L = 3L. (assuming that 5L gain is after indexation)

                  Tax = 20% of 3L = 60k. You have to pay this.

                  and you HAVE to file income tax return in this case. Only those who satisfy all the following conditions are exempted from filing ITR. (but still have to pay tax, thru TDS)

                  * income from salary and interest only. the taxable income (after deductions) should not exeed 5L.
                  * income from 1 company only
                  * have declared the interest income to the employer and employer has deducted TDS on it.
                  * PAN no, Form 16 etc formalities must be in place.

                  Comment


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

                    Awesome Sunshine Facade

                    could not able to resist myself by posting pic which is posted in different thread by someone else, Its looking great..Good Job Sunshine Guys.
                    Attached Files

                    Comment


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

                      fatichar bhai, i confirmed from 2-3 peoples, they said it not mendatory to open new separate account for doing transactions. They said, Even if you have done from the salaried account, it is fine, I just need to mention the transactions details done. while filing IT.

                      I don't know what is correct ? confusia gaye hai ...hum

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