@Chhattisgarh I transfer Amount to one retail a/c. ( since 3rd party wouln't work no more this practice is good if trust is there ) and we used to part 60 :40 mine 40 if any loss arise I bear, but changed to 50 : 50 lately in good ipos such as netweb
Those who are applying from friends/relatives accounts with 100% profit under your pocket, are you taking into consideration 15% STCG? Sooner or later - IT department is going run after these. All these information are already linked to PAN and available with Form 26AS to IT. So, whenever notice comes to them, its going to attract 100% penalty with interest.
10% for the use of demat, Another 10/15% if money used by demat holder (to avoid unnecessary transactions). In all cases I bear brokerage and 100% losses, if any.
344.14. antarix| Link| Bookmark|
August 11, 2023 8:34:51 PM
IPO Guru (1200+ Posts, 800+ Likes)
This is how I do it: 1. Entire investment/application amount is mine. 2. 10% of the profit to DMAT holder. 3. If there is any loss, I bear it completely. 4. Account holders are not earning anything else, so no issues of income tax. 5. Account opening/AMC etc. charges to be paid by account holder.
342.1. MuStrFc| Link| Bookmark|
August 11, 2023 6:01:14 PM
IPO Guru (3000+ Posts, 2400+ Likes)
your application probably is through NSDL participant, so no result available on BSE Site. Do not be afraid, your application is submitted. Wait for allotment.
Tax rate is same 15 % short term & 10 % long term (with exemption upto 1lac). But capital gain will be added to either of the parents' income ( whoso ever earns more).
IPO applications in the name of minors can either be made by ASBA (if your bank allows-hdfc does) or by UPI.
@rajeshwar if capital gain is already taxed at 15 per for short term then what is the sense of adding it to parent income. Do we have to pay tax twice. Are we paying 15per tax on short term gain or basis on the tax slab of parent income?
@Tejas Gandya Hamare tejas bhai ka naam kharab mat karo Kya dikkat he aapko Aur kyu qualification details puch rahe ho Kuch galat info de diya kya bhai mene
I think I am giving reasonable information as per my capacity and it is helpful in making proper decisions for small investors with limited capital Sab log aapke jaise "CASH SURPLUS"nahi hote
@newgen consultancy i am watching continuosly you are providing very very valuable info in every ipo page , in balaji too , keep it up. also for concord , the market sentiment on listing day will play a major role
335.4. jay here| Link| Bookmark|
August 11, 2023 10:11:12 AM
IPO Mentor (800+ Posts, 700+ Likes)
Admin please block/disable this new user who is using cg member name is disrespectful manner.
This a geniune forum for discussion growth not a timepass stall. 🙏
सर्वे भवन्तु सुखिनः, सर्वे सन्तु निरामयाः
335.5. Aman Ipo| Link| Bookmark|
August 11, 2023 11:59:28 AM
Top Contributor (400+ Posts, 200+ Likes)
@newgen consultancy Definitely you are doing a great job. Whenever you are doing good work, few people will get jealous and try to put you down. This is a sign that you are on right track. Keep up your good work.
335.6. jay here| Link| Bookmark|
August 11, 2023 12:02:30 PM
IPO Mentor (800+ Posts, 700+ Likes)
Yahan pe Maine bahot sare jhoothe logo ke chehre se naqab hataya hai..aur sachhe logon ka sath diya hai .. to dushman bhi banenge aur dost bhi..to aise hi kisi g...jale ne banaya hoga..aur kya..
Thank you once again..
335.10. jay here| Link| Bookmark|
August 11, 2023 1:57:27 PM
IPO Mentor (800+ Posts, 700+ Likes)
@newgen consultancy sir 128 के निचे gmp गया तो गयी भैंस पानी में, सर मै अनपढ़ गवार इन बातो को समझने की कोशिश जरूर कर रहा हूँ लेकिन नया हूँ इसलिए सही तरह से समझने के लिए कुछ विस्तार पूर्ण बता पाएंगे क्या?
Stop all third party application, nobody will get allotment in third party. Even if you have second or third account holder in bank account, you will be rejected. I will welcome any discussion on this topic.
@Kalpana I think third party application will be rejected from 1st December and in Concord it will be considered. Any suggestions are most welcome.
334.2. Ankur Goel| Link| Bookmark|
August 10, 2023 10:16:55 PM
IPO Guru (1300+ Posts, 600+ Likes)
Ideally joint accounts holder is not third party. Once third party check will be implemented fully, I assume 2nd or 3rd account holder bid will not be rejected.
Agree with @Ankur Goel basically the check would be DEMAT A/C holder and the first/main holder in a Joint Account with the PAN check will be considered valid as this is also allowed while opening a Demat for anyone connected to a joint a/c. what will cease is the third party application wherein the funding A/C holder may be different from Demat holder A/C. Good move as this will curb the practice of opening random A/c for the sake of multiple IPO applications.
333.1. sbipo| Link| Bookmark|
August 10, 2023 7:56:45 PM
Top Contributor (400+ Posts, 100+ Likes)
Average 10-15% gmp down today across the board for all ipos inckuding sme,124 is support for concord,anything can happen in markets and life, Thanks guys
⚠️⚠️⚠️ REDTAPE Limited has received approval from BSE Limited and National Stock Exchange of India Limited,
for Listing and Trading of Equity Shares of REDTAPE Limited effective from August 11,2023. I am going to enjoy this very very much. (Guess this reference too😋)