Think twice, thrice before investing in India

[Konebhar6]

3 hours ago, Assam_Bhayya said:

 

Overall ga, it’s not profitable investing in India unless you are planning to go back there. Rupee has been depreciating against $ reducing the gains %.

[kevinUsa]

34 minutes ago, Konebhar6 said:

Still the cost of living is much cheaper than other countries. India is a developing country, growing pains. I do agree that this time the taxes look a little more, however if used to the right purpose, it’s good.

Bro.  If u convert $$ to rupee it's cheap but living in India is harder 

Struggle is real 

[Mediahypocrisy]

44 minutes ago, Konebhar6 said:

Still the cost of living is much cheaper than other countries. India is a developing country, growing pains. I do agree that this time the taxes look a little more, however if used to the right purpose, it’s good.

[tamuhardreturns]

Overseas Indians sent record US$29 billion in remittances

[8pm]

4 hours ago, Assam_Bhayya said:

Indian markets, real estate is booming, multiple folds returns untayi kaani motham meeku kaadu ammaa profit lo maaku ekkuva share kavale anthundhi govtt

[Joker_007]

papam short time buyers ki bokka pagilindiga... Too Much chesaru ra rey meeru... 

[OmrofaW]

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[lollilolli2020]

12 hours ago, Android_Halwa said:

Eda paisal pettina sarkari cut tarvate returns…

Sure, let's calculate the capital gains tax with and without indexation for a property in India, given the following details:

• Purchase Price: ₹1,00,00,000 (1 crore)
• Sale Price: ₹4,00,00,000 (4 crores)

Indexed Capital Gains Calculation

Assumptions:

• Purchase Year: 2010
• Sale Year: 2024
• CII for 2010: 167
• CII for 2024: 348

Step-by-Step Calculation:

1. Indexed Cost of Acquisition:

   Indexed Cost of Acquisition=CII of the year of saleCII of the year of purchase×Actual Cost of Acquisition\text{Indexed Cost of Acquisition} = \frac{\text{CII of the year of sale}}{\text{CII of the year of purchase}} \times \text{Actual Cost of Acquisition}Indexed Cost of Acquisition=CII of the year of purchaseCII of the year of sale×Actual Cost of Acquisition Indexed Cost of Acquisition=348167×1,00,00,000=348167×1,00,00,000≈2,08,38,323\text{Indexed Cost of Acquisition} = \frac{348}{167} \times 1,00,00,000 = \frac{348}{167} \times 1,00,00,000 \approx 2,08,38,323Indexed Cost of Acquisition=167348×1,00,00,000=167348×1,00,00,000≈2,08,38,323

2. Long-Term Capital Gains (LTCG) with Indexation:

   LTCG=Sale Price−Indexed Cost of Acquisition\text{LTCG} = \text{Sale Price} - \text{Indexed Cost of Acquisition}LTCG=Sale Price−Indexed Cost of Acquisition LTCG=4,00,00,000−2,08,38,323=1,91,61,677\text{LTCG} = 4,00,00,000 - 2,08,38,323 = 1,91,61,677LTCG=4,00,00,000−2,08,38,323=1,91,61,677

3. Tax on LTCG with Indexation:

   Tax=20%×LTCG\text{Tax} = 20\% \times \text{LTCG}Tax=20%×LTCG Tax=0.20×1,91,61,677=38,32,335.4\text{Tax} = 0.20 \times 1,91,61,677 = 38,32,335.4Tax=0.20×1,91,61,677=38,32,335.4

Non-Indexed Capital Gains Calculation

Step-by-Step Calculation:

1. Short-Term Capital Gains (STCG) without Indexation:

   STCG=Sale Price−Purchase Price\text{STCG} = \text{Sale Price} - \text{Purchase Price}STCG=Sale Price−Purchase Price STCG=4,00,00,000−1,00,00,000=3,00,00,000\text{STCG} = 4,00,00,000 - 1,00,00,000 = 3,00,00,000STCG=4,00,00,000−1,00,00,000=3,00,00,000

2. Tax on STCG without Indexation:

   • STCG is taxed at the applicable income tax slab rates. For simplicity, let's assume the highest tax bracket of 30%.
   Tax=30%×STCG\text{Tax} = 30\% \times \text{STCG}Tax=30%×STCG Tax=0.30×3,00,00,000=90,00,000\text{Tax} = 0.30 \times 3,00,00,000 = 90,00,000Tax=0.30×3,00,00,000=90,00,000

Summary

• Tax with Indexation: ₹38,32,335.4
• Tax without Indexation: ₹90,00,000

Using indexation significantly reduces the tax liability on the capital gains from the sale of the property.

[lollilolli2020]

12 hours ago, kevinUsa said:

anna adi direct tax what abt gst cess

 luxury tax

manishi pudithe pannu chaste pannu 

tinte pannu kurchunte pannu

leste pannu  future lo gali peeluste pannu

doddiki poyina free kadu india lo  sulabh complex vady 15 rs adugutadu. 

 

US canada alavatu ayyi ala antunnav Europe lo poyi chudu free kaadu even Amsterdam central lo that too railway station public property akkada kuda pay cheyali. 

[kevinUsa]

45 minutes ago, lollilolli2020 said:

US canada alavatu ayyi ala antunnav Europe lo poyi chudu free kaadu even Amsterdam central lo that too railway station public property akkada kuda pay cheyali. 

It's okay to pay I want the place to be clean but even after paying money in India they are not clean I mean to say that proper hygiene

[Anna_nuv_thopu]

On 7/30/2024 at 8:58 AM, kevinUsa said:

It's okay to pay I want the place to be clean but even after paying money in India they are not clean I mean to say that proper hygiene

isvanti questions adgithe answer undadhu mundakodulkulki… uu ante foreign tho comparison.. taxation anagane… development edira ante holes close @Konebhar6 @lollilolli2020

[CanadianMalodu]

On 7/29/2024 at 8:59 PM, Assam_Bhayya said:

 

agreed, kaani India lo ippudu ippude janalu valla properties, investments meeda konchem appreciations chusthunnaru anna. Only 1 to 2% were ultra rich till 2000-2010. edho economy boom valla appreciations chusthunnaru, ekkuva tax lu dobbithe etlaa.

Why can't they tax the elite, valla meeda 1 to 2% tax raise chesina picha paisal govt ki. Development ante, okka highways thappa em improve ayindhi desham??? education, healthcare, housing, policiing, ekkadaaa improvement ledu. inko 10, 20, 30 years ayina, normal people bathuku antee utadhi, elite wealth maatram multi fold multi fold guarantee to make sure they are in world's top 10 richest

Decimation of middle class is the plan by the WORLD ECONOMIC FORUM and BILDERBERG for a long time now. It's happening across the world, India is no exception. 

Indian middle class is a divided and a wilfully castrated lot. They are happy to carry their own (insert caste/language/region) elite over their shoulders but are hesitant to come together for a common cause that benefits them and are too merk to contest or challenge authority.  Consequence, is middle class gets skimmed and the fruits of their labour are taken away by political and financial elites. 

Considering the amount of indirect taxes in India salaried middle class should demand flat income tax in a single digits and demand implementation of labour laws in SEZ. That's the only way they get to keep some money. Do they have balls ? I don't think so

 

[akkum_bakkum]

On 7/29/2024 at 8:04 PM, Konebhar6 said:

It’s the same in US and Japan. Ultra rich usually create employment, hence they are taxed less. Of course loopholes ekkadaina untai. 

Dude....Its the wealth gap. In India, its wayy too much. Probably the highest anywhere in the world. That much income gap creates economic instability over long term. The middle class is usually the driving engine for any economy. If you compare US' middle class with India's, the standards are much much lower for the taxes paid.

[Konebhar6]

1 hour ago, Anna_nuv_thopu said:

isvanti questions adgithe answer undadhu mundakodulkulki… uu ante foreign tho comparison.. taxation anagane… development edira ante holes close @Konebhar6 @lollilolli2020

India is still a developing country. A lot of change has to come. Even in people. Driving for eg is crazy. No one follows rules. 
true about hygiene. Selling spoiled food in restaurants, rotten fruits in fruit juices. 
need proper regulations in place, proper governance, and a big change needed in people.

with a country of our population size, very difficult. We are no where to compare with Europe or CA. We are not even good to compare with Asia. 

[Konebhar6]

39 minutes ago, akkum_bakkum said:

Dude....Its the wealth gap. In India, its wayy too much. Probably the highest anywhere in the world. That much income gap creates economic instability over long term. The middle class is usually the driving engine for any economy. If you compare US' middle class with India's, the standards are much much lower for the taxes paid.

US lo kuda wealth gap same anna.