Hariom Pipe Industries Limited IPO Message Board (Page 4)

LIc will be flop like paytm

@Kanwarjit,
Thanks for your respect and kind words. We will post as much as possible in every IPO. However, the risk taking abilities differ from person to person especially holding capabilities since all IPO shares for not listing gain alone, hence the decision of investing.

I would request you to review from your end before making final call (kindly don't follow any one blindly)

Thanks

@kanwarjit..

Don't include me in the list of great people. They all are champs and I am still learning.

Don't follow anybody blindly. You will enjoy it more when you put your own efforts and win. Off course read all reviews, ask related questions and decide. It's your money, gain/loss will also be yours only.

Start with risk free, safer bets first. After some earnings and experience, move to riskier IPOs.

Follow the forum and learn how to maximize allotment chances, rules have changed now and nobody has experienced it yet.

Best wishes...

Agree with @MRavi and @avenue.
And @Kanwarjit : atleast me/noorul/mravi/avenue, we all are informing in all mainboard/sme ipos that we are applying or not, and posting some our opinions also, accordingly some guidance can be taken and then decide as @Mravi/@avenue informed. Maximum leanings will come from experiences.....

@Avenue,
I respect your views same like @kanwarjit.

Dear @lokes,
'atleast'... I like it and agree (you naughty... 😜😉😂)

Thanks

Dear kanwarjit.. Thanks for your kind words..
But I want to clarify you that we are not the expert panel here or pro members.
Infact you will find a many more experience and intelligent people here in this forum only.. who posses better knowledge than us.
We are just a members of a casual group who share whatever little knowledge we hve related to that particular ipo.. and we all did make a mistakes also.. just like recently I had avoid ruchi soya..which gave bumper return. The beauty of this group lies in that nobody blame the other person if we ever made a loss on someone else recommendation... we just move on. More you will come to know with the passage of time.

Kindly notice all the reviews of respected members here.. irrespective of the tag he carry. Before taking a final call.

Don't follow anyone blindly.. nobody can time the market perfectly. Start with small amount and don't b disheartening if u face the loss in initials days because mistakes are the best teachers..
Good luck 👍

Its completest tax able..
5 lack exemption is not for short term or long term gain.
Few days ago I deposited 2 lakh advance tax on STCG.

@Noorul, I am not a CA, but as far as I know. If u dont have any other income then first 2.5 lacs no IT. For remaining 2.4 lacs 10% LTCG.

If you do not have any other income you can use 2.5 lac limit for the ltcg/stcg as applicable
On the remaining LTCG again you can take 1 lac exemption under 112A Ultimately you have to pay tax on remaining 1.5 Lac at rate of 10 percent applicable without indexation and 20 percent with indexation
for stcg no 1 lac exemption is provided but you can take 2.5 lac basic exemption limit

Just filed an ITR in our office
related to this case
Sir, you have to pay tax on remaining 1.4 lac

👍👍

@Avenue there is a software called winman ca erp (free to install)
In future if you get any doubts you can feed in details and get details about how much tax to pay like that and what vibhor said is correct.

Thank you

4.9-1.00=3.9 ( Rs.1 Lac on LTCG exempted )
3.9-2.5=1.4= ( NO TAX UPTO 2.5 LACS)


TAX ON 1.4 LACS @ 10% =RS 14000/-

RS.14000 -12500 =1500 ( RS 12500 REBATE IF INCOME IS LESS THAN Rs.5 lacs)

Net tax payable 1500+ 60 =1560
(Rs.60 surcharge)

@Surinder kumar garg Ji
Rebate is not available if you have only LTCG/STCG under 111A & 112A. It is available if you have CG under Section 112
Also, It is available if you have other income apart from capital gain
you can check section 112A, 111A for further reference
Thanks

Basic exemption limit of 2.5 lakh can be adjusted against both LTCG/STCG under 112A & 111A. No need to pay taxes if no other income and if total income from shares sell is less than 2.5 lakh (no need to file even ITR).
if total income above 2.5 lakh then gains in LTCG/STCG can be adjusted against shortfall in basic 2.5 lakh exempted income. first 112 LTCG (20% rate )can be adjusted , then 111A STCG (15% rate) can be adjusted then 112A LTCG (10% rate) can be adjusted.

87A rebate (upto 12.5k for total income above 2.5 lakh and below 5 lakh) will also be given for 112 LTCG category and 111A STCG category but 87A rebate is not applicable for 112A LTCG gains.

Hope things are clear now to everyone.

https://cleartax.in/s/short-term-capital-gain-on-shares
https://cleartax.in/s/income-tax-rebate-us-87a

Lokes Sir
Sorry to interrupt. But, I can assure you that you cannot avail Rebate under 87A For CG under 111A
Rather Section 88 Rebate will be applicable
87A Rebate you can avail only against 112 Section Capital Gains
I am considering Income Tax Act here
https://www.incometaxindia.gov.in/pages/acts/income-tax-act.aspx

@vibhor: i informed based on both link pasted in my post from cleartax, in both links its mentioned that 87A rebate will be available for 111A STCG gains.....may be its wrong mentioned there, will check later with some CA also....

@AVENUE

ITS DEPEND ON WHEN YOU PURCHASE THOSE SECURITIES.

IF ITS PURCHASE BEFORE GRAND FATHERING DATE THEN
PROFIT = SALE PRICE - GRAND FATHERING PRICE

IF ITS PURCHASE AFTER GRAND FATHERING DATE THEN
PROFIT = SALE PRICE - PURCHASE PRICE

HERE, YOU HAVE TO PAY 10 % OF TOTAL PROFIT LESS 1 LAC EXEMPTED GAIN.
GRAND FATHERING DATE IS 31/01/2018.

IF YOUR SALE PRICE IS LESS THAN GRAND FATHERING PRICE THEN YOU HAVE NO TAX LIABILITY.

@ lokes
Okay sir
BTW I am also working in a CA firm
That's why...

@Vibhor and other experts,
When we need to pay STCG. Is it ok to pay during tax filing

Thanks Guys to answer my query. You all have got into depth of the issue and cleared my doubt, infect more than what I wanted...
Thanks

@Ravu
Sir, you can pay taxes anytime until you file your return
That's called as self assessment tax

Thanks Vibhor

On similar lines of original question, what happens if person has capital gains as well income from salary.
Is 2.5 lac and 1 lac limit still applicable?

@duckyduck
Yes, If you have incomes under both the head
Then you will be eligible for 2.5 lac basic exemption limit. Any unutilised limit can be used against ltcg and for capital gain which is long term under 112A additional 1 lac exemption will be available

@Avenue
What @RPM mentioned is right. [Comment : 182.2]
Above forum members only basic exemption limit of 2.5L will be available and remaining 2.4L will be taxable without getting rebate.
My calculations and understating of the law is based upon result derived from income tax calculator which is available to all on our beloved income tax website.
https://www.incometaxindia.gov.in/pages/tools/income-tax-calculator.aspx

Ipo stonks
Show the income under 112a not under 112 or 111a
Then 1 lac will be available

@Vibhor
Sir I tried it again and showed the income under section 112a. Still exemption of 1L was not showing. Maybe I am incorrectly filling the data. Can anyone else confirm ?

Congrats Noorul, Hoping for a good listing...
Do you have long term view in this or sell a portion early??
asking since you have 15 lots.

@avenue. Actually its depends how much listing gain it will give on listing day. In case if listing gain is 10 - 15%.. than I will hold all. Over 25% I will sell half.
Just like uma export. Today I sold my allotted 1500 shares of Uma @ 92 on bse. Still holding rest 2500 shares.

@Noorul,
Congrats for both Uma and Hariom.

Thanks

@noorul bhai. How come you sold at 92 as highest price of share till date is showing 87.90?

@Rafiq...It's 92.6 on BSE..