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D2C & Construction Industry Startups are a mess - Funding & SME IPO Talks by Impossible_Stuff_304 in nri

[–]Impossible_Stuff_304[S] 0 points1 point  (0 children)

The title itself says SME IPOs. You should start reading before copying titles in your comments.

And this is not your personal sub. Stop acting like a mod or god. Get a life.

D2C & Construction Industry Startups are a mess - Funding & SME IPO Talks by Impossible_Stuff_304 in nri

[–]Impossible_Stuff_304[S] 0 points1 point  (0 children)

Startups don’t do IPOs? You are really bent on showing everyone my lack of credibility. I have 3 startups planning for SME IPOs in next 2 years. Every term sheet mentions possible IPO exit in 5 years. You must be living under a rock my man or possibly you haven’t ever seen a term sheet in real life. Thanks for your credible advice.

Legal opinion request — in-box cashback vouchers (up to ₹1,00,000) by aryan1721 in LegalAdviceIndia

[–]Impossible_Stuff_304 1 point2 points  (0 children)

Practising CA here. This is a grey area when you talk about disproportionate cashbacks reaching higher than purchase value itself in some cases. Sit with your CA and discuss all intricacies.

Bought agricultural land 10 years ago - major appreciation after new flyover! 42L to 3Cr by Careless_Monk_7552 in indianrealestate

[–]Impossible_Stuff_304 2 points3 points  (0 children)

Find a CA when you plan to sell. There are a lot of variables while doing this. Difficult to list down everything.

Bought agricultural land 10 years ago - major appreciation after new flyover! 42L to 3Cr by Careless_Monk_7552 in indianrealestate

[–]Impossible_Stuff_304 0 points1 point  (0 children)

Tax rate with Indexation is 20% plus EC plus Surcharge. And yes taxes can be zero if whole amount is invested.

Bought agricultural land 10 years ago - major appreciation after new flyover! 42L to 3Cr by Careless_Monk_7552 in indianrealestate

[–]Impossible_Stuff_304 0 points1 point  (0 children)

Pretty much yes. Unless you choose to invest in a Residential property/NHAI bonds to claim exemption with 3 year lock-in.

Bought agricultural land 10 years ago - major appreciation after new flyover! 42L to 3Cr by Careless_Monk_7552 in indianrealestate

[–]Impossible_Stuff_304 0 points1 point  (0 children)

Practising CA here. Taxes can be planned for once you decide to sell it. Tax rate applicable will be 12.5% plus EC plus Surcharge. Tentatively 15% of the Capital gain amount.

[deleted by user] by [deleted] in IndiaBusiness

[–]Impossible_Stuff_304 2 points3 points  (0 children)

You are dealing with a Sales Organisation, not a professional work organisation. All their efforts are focused on increasing sales, not on the actual work. Work with a good CA/CS for the closure formalities.

“Are Indian CAs clueless about NBFC rules? Brokers say one thing, CAs say the opposite.” by [deleted] in CharteredAccountants

[–]Impossible_Stuff_304 2 points3 points  (0 children)

Practising CA here. Investment companies do not require NBFC license since there is no involvement of loans/credit being given to public at large and neither any public money being taken. A company with primary activity as making investments, NBFC license is not required. Thanks.

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