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Pranab Mukherjee starts Budget speech, India waits in hope

Discussion in 'World Economy' started by tariqkhan18, Mar 16, 2012.

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  1. Manmohan Yadav

    Manmohan Yadav Brigadier STAR MEMBER

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    There is a 0.5% Transaction tax on the Share market Trade.
     
  2. Nick 779

    Nick 779 Captain SENIOR MEMBER

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    And you have an evil government. :YUNO:
     
  3. Guynextdoor

    Guynextdoor Lt. Colonel SENIOR MEMBER

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    That'll be an RBI decision not a budget decision. Interest is usually a tactical instrument to control economic conditions rather than an annual policy decision.
     
  4. chachachoudhary

    chachachoudhary Captain SENIOR MEMBER

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    I hope govt. does not forget the word "REPLACE".
     
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  5. chachachoudhary

    chachachoudhary Captain SENIOR MEMBER

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    .....that leaves us assured and we can spend more on other things.
     
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  6. uptotrix

    uptotrix Captain SENIOR MEMBER

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    Defense Budget has been raised to 1,93,007 Crore. :neo:
     
  7. DaRk KnIght

    DaRk KnIght Lt. Colonel ELITE MEMBER

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    They are on transactions. I was talking about returns (Capital gains)
     
  8. Manmohan Yadav

    Manmohan Yadav Brigadier STAR MEMBER

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    RBI follows the policy guidelines and decisions of the Government.
     
  9. MINGXIA

    MINGXIA REGISTERED

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    LOL @ Indian weapons

    And we aree happy our adversaries underestimate us while their weapons fails.:meeting:
     
  10. Manmohan Yadav

    Manmohan Yadav Brigadier STAR MEMBER

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    Short term and long term both have taxes on them,
    but if these amount from sale are totally reinvested in the similar types of assets
    then they are not eligible for taxes.

    What weapons are you talking about MiG-21s

    They are 45 years old, they are bound to fail,

    but they will be retired and replaced by LCAs and Rafales by 2015.

    And yes, this is a finance Budget Thread,

    dont troll here,
    if you want to argue, open a new thread, we will argue there.
     
  11. DaRk KnIght

    DaRk KnIght Lt. Colonel ELITE MEMBER

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    Thats why I have specifically mentioned Mauritius. No tax on capital gains arising in India to a Mauritius resident. Mauritius amounts to 30-35% of the total investment in share markets.
     
  12. chachachoudhary

    chachachoudhary Captain SENIOR MEMBER

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    Re: LOL @ Indian weapons

    [​IMG]

    Guys, any discount on insect repellent sprays announced in this budget?
     
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  13. Manmohan Yadav

    Manmohan Yadav Brigadier STAR MEMBER

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    No legally, they are bound to pay taxes,
    since it is a Income EARNED in India and RECEIVED in India.
    They are fully eligible for Taxes.
     
  14. DaRk KnIght

    DaRk KnIght Lt. Colonel ELITE MEMBER

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    Nope. We have a Double Taxation Avoidance Agreement with Mauritius. And as per that agreement capital gain arising in India to a Mauritius resident shall be taxed in Mauritius and there there is 0 tax on capital gain.


    Vodafone saved 14000 crore tax because of this.
     
  15. Manmohan Yadav

    Manmohan Yadav Brigadier STAR MEMBER

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    uH??
    does something like even exit,
    i am hearing for the 1st time,

    if it is,
    then we should immediately terminate such an arrangement,
    we are loosing a lot of revenue.
     
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