Parag Milk Foods IPO has been priced at Lower Price band @ Rs. 215 per EQ. Shr. Hence RETAIL Invesotr will be given shares @ Rs. 203.. Any One Joined to IPO Info. sharing GROUP PING me
I have one specific query if anyone can help regarding tax on shares..If I have sold one share e.g equitas and gain 4000 before 1 yr and I am holding one share in which I am in total 4000 loss which I bought before 2 year which I sold along with equitas.. My net profit is zero..still I need to pay short term capital gain for equitas??
Yes u have to pay short term capital gains tax on equitas. Your loss will come under long term as more than 1 year has passed. Long term loss cannot be adjusted with short term gains.
yes ther will short tem capital tax @ 15%. Since there is no long term TAX so there will be no offset also for long term loss.
this long term profit can be adjusted with short lerm loss with in this fiscal only.
however if there is a net loss during any fiscal year, the saem can be carried forwarded for offsetting against profit on short term for upto next 8 years.
Mukesh jain thanks for reply.. But you are mentioning that we can adjust our loss till 8 years then we can at lest adjust in same year also.. I am really confuse due to mix answer..
short term losses to be adjusted against short term profits in subsequent years.
long term no capital gain so no question of loss adjustment.
you have a short term profit - during the running FY2016-17, this will be adjusted against any SHORT TERM losses if you have now or in future. if you end up with short term projits only - be happy to pay tax!
you mentioned you have loss is long term equity - as there is no LTT so ne question of adjustment.
earn short term, enjoy the gains and pay a bit for desh ke waste also!
Crompton Greaves Consumer Electricals (CGCEL) to be listed tomorrow
CGCEL is India’s leading consumer electricals company with a presence in fans, lighting, pumps and appliances. The business was operationally demerged from Crompton Greaves in Oct-15 and will be listed on the stock exchanges from 13th May 2016. It must be noted that the Avantha Group has proposed to divest their 34.3% stake to Advent and Temasek for INR20b (INR93/share) and an open offer would be made to the existing shareholders. This price should serve as the floor price, in our view.
Valuation and view
Given CGCEL’s strong RoCE profile (33%/39% in FY17/18) and operating cash flow (INR3.3b in FY17), we believe that the stock deserves to trade at similar multiples as those enjoyed by Havells India. In our view, CGCEL should be listed at a fair price band of INR99-125 (20-25x FY18E EPS)