Sanstar Limited IPO Message Board (Page 17)

No sir, some shares will be credited back.

Suppose when u transfer 1 share at 100 cmp, holding value 90, u exit the position results in 10rs profit and that 1 share is credited to ur father at rs 100. So no use just buy and sell in normal market rather than transfer.

​@Harsh Newguru It indeed is useful buddy.

If you sell & buy 10 lakh worth shares then brokerage expenses + taxes would be around 2500/- (even discounted brokers).

But you transfer as a gift it is zero charge.

zerodha

Zerodha, angel one

Name of promoter indicates that they are jain

​@StayInvested Is there any reason, any specific community will not participate in this IPO 🤔
Kindly enlightenment us.

It does not look like. There are no other mainboard ipos and gmp is good, one can expect heavy oversubscription. Let's keep a keen watch.

Huge subscription and tough allotment expected 😂

​@S.S. Basic exemption limit of Rs 2.5L under old regime and Rs 3 L under new regime applies, therefore he need not pay any tax.
One can also check tax liability by inputting data in tax calculator utility of IT Dept

The estimated P/E Ratio for China Stock Market is 9.18, calculated on 15 July 2024.The estimated P/E Ratio for India Stock Market is 24.33, calculated on 16 July 2024. So how can u overtake China? We need more business growths than share growth.

Hey bro @Harsh Newguru  we will overtake china by share market cap. Not by GDP.
I shared this information to aware new investors because stock market is continuosly rising every day since election.

Hi, Caarlos

you may be new on this data, need to learn more, its not video game type things that india overtake china in a year.

and latest data is India marketcap 5.4 trillion $ and china 10.6 trillion $

India increasing 0.4 trillion highest increasing year by year, so to overtake china, india take at least 8-10 years minimum......or 10-13 years as per current average rate.

Bhai @Caarlos I am talking for share mcap only. Does pe ratio exist for gdp 😂. Bhai sapno se uth jaa ab tak soo rha hai.
Gdp ke saath hame per capita bhi dekh lena chaiye. Which is very low. We need to increase that first.

​@Harsh Newguru कृपया आप अपना ज्ञान अपने तक सीमित रखें, अगर आपको कुछ समझ नहीं आ रहा तो कृपया मेरी पोस्ट पर कमेंट न करे, आपको किसी ने force नहीं किया कि मेरी TL में आ कर मुझे ज्ञान दे।

रही बात data की तो मे इस पोस्ट के जरिए यही कहना चाहता हूं कि हमारे देश के शेर मार्केट और देश के GDP groth मे बहुत गैप है, शेर मार्केट तेज़ी से ऊपर जा रहा है और उसी तेजी से GDP उपर नहीं जा रहा । तो ज़रा संभलकर और सोच समझ कर निवेश करे । बस इतना ही मेरे कहने का मतलब था ।

इसमें per capita income और pe ratio वाली बात कहा से आई ?

​@Param Patel STCG from the sale of listed equity shares or equity mutual funds are eligible for rebate under section 87A. However, STCG from other capital assets (like land, etc) are not eligible for tax rebate under section 87A.
Thus, what your friend got Rs 25,000 rebate under this section is legal and valid 👍

​@Chhote Lal Government issued new update saying that rebate 87A will be only available for normal income and not for special income like STCG if possible please verify it. Before 5th july even income tax portal also giving rebate against STCG but now it is removed. And if it is true than its a big blunder by income tax department as 70% people have already filled there ITR and claimed rebate.

Special tax rate of income is not allowed in tax Rebate u/s 87A. Stcg/Ltcg are under special tax rate.
Upto 5 july income tax utility consider those deduction but after that they updated new scema
Which will not allowed 87A rebate

So I think they will give rebate if you have early filled your return.
I am also filled my returns and same error (extra tax)occured if i goes to my revised return. I will wait till 31st July for ITR Intimation otherwise go for revise return

​@Param Patel Checked the applicability of 87A in income tax calculator of official IT dept site.
Under old regime, it shows the rebate (Rs 12500/-) for STCG but in new regime there is no rebate. Need to check if any amendment/notification on 87A is released.

​@Param Patel Understand, Finance Act, 2023 introduced a Proviso to Section 87A (w.e.f 1-4-24 ie., AY 2024-25). Section 115BAC deals with Tax Rates under the New Tax Regime.
Hence, the interpretaion is as follows :
1. Under old regime, 87A rebate continues for STCG as well provided, total taxable income plus LTCG is within 5 L
2. Under new regine, 87A rebate is no more applicable for STCG even if total income including LTCG is below Rs 7L

Appears, above proviso amendment was not reflecting in tax calculator or in ITR till first week of July, 2024 and later it has been corrected by dept.

No idea, how rebate availed under 87A for STCG before ITR backend correction (or before 5th July) will be handled now. One option could be to file revised ITR and pay taxes (addl burden of Rs 25K) 😳🙃

Old ITR me 12500 ki rebate hai or new ITR me only STCG hone par koi rebate nahi mil rahi hai but agar apki income me STCG k sath or koi business ya other Income hai jo prescribed limit se jyada ho rahi hai to us par apko tax bnega or us tax me se apko 25000 ki rebate milegi baki tax apko pay krna pdega. Yeh new ITR regime me hai

Kiski galti hai ye Income tax department ki ya portal ki aise mid season me amendment kaise kar sakte hai Abhi sirf 14 din bache hai aur koi bhi clarification nahi diya hai income tax ne ab kya kare ? And one more query ITR revise karke Old regime me switch kar sakte hai ya nahi ? @Chhote Lal

​@Param Patel  IT proviso was released much earlier but back end team has not implemented it in IT/ITR section which was apparently carried out on 5th July. It indeed is lapse by IT dept. However, individuals can revise the return upto 31st December or before the completion of the assessment.One can only switch regimes when filing your Income Tax Return (ITR) for a particular financial year.

Not sure if switching regime will be allowed while filing revised return. Kindly seek professional guidance. However, as this was IT dept who had not corrected the portal before 5th July 2024 for disallowing rebate under 87 A to STCG portion under new scheme, ideally one chance should be given to those who filed ITR before 5th July regarding switching regime in revised return.

​@Chhote Lal My STCL is 1.09 lakh and my gross salary income is 6.67lakh. so which tax regime can i choose ?? Can i get any rebate under old tax regime please guide bro??

*STCG

​@A. Rajput Suggest check comparative tax liability between both old and new regime by inputting all particulars in tax calculator utility and decide for yourself.

See @Bull raja This is not a personal recommendation forum. This is against rules and many members have been blocked due to this. I request you to refrain from asking this question and do ur own analysis.

​@Harsh Newguru Okay, thanks for the info.
I didn't know that I could be blocked for asking to buy, sell or hold for a particular company (that too recently listed IPO)

But during listing day of any IPO company, many ask the same question and many give suggestions to buy/hold or sell. Isn't that wrong? Will it not amount to giving recommendation of a particular company?

Thats is related to ipo and not other shares recommendation. N thats upon admin if this persists then he blocks or not.

tell me onething, from how many accounts you are applying

You dont need to do anything, just keep all the ipos as it is. Everything is good.
Some riskier stocks i beleive is allied, akme, vodafone, shld exit completely this lot and trim some position in ireda,bharati. You could direct these funds in tata tech, which will take its time to catchup with earnings but its neglected by public as of now.
ps- i know someone will find my comment dumb, its common in bull market. But the shares i spoke are going beyond their valuation and people are too optimistic in most of them.
I could be 100% wrong, dydd

​@RajaTN Intially I started with my own account and slowly opened 6 more accounts of my family members.

In low to moderate subscription in retail category, any one of the account is mostly allotted. Sometimes multiple accounts are allotted.

Keep applying is the main mantra. Mostly double listing IPOs are not allotted, only 20-40% listing gains IPOs would be allotted. Hold them after allottment till they get doubled. THis is the funda am applying, if IPO runs too much, better to book invested amount and keep the rest for long term.

Today platinum industries have closed above all time high with good volumes. Doubling candidate near term.

​@Bull raja Some very good counters you could grab. Lucky you are as majority got through IPOs. Candidates for long term unless you believe in swing trading and rotating funds.