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Advait Arora | Answer |Ask -Follow

Financial Planner - Answered on Aug 07, 2023

Advait Arora has over 20 years of experience in direct investing in stock markets in India and overseas.
He holds a masters in IT management from the University Of Wollongong, Australia, and an MBA in marketing from Charles Strut University, NewCastle, Australia.
Advait is a firm believer in the power of compounding to help his clients grow their wealth.... more

Question by sunder on Jun 28, 2023Hindi

Money

what is the future of idfc bank share

Ans: Future of IDFC bank is looking good. hold it

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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What are the medium and long term prospects of Idfc bank ? Have purchased shares @ Rs 60.

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Asked by Anonymous - May 23, 2023Hindi

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I hold IDFC Bank. Please advice its long term prospects?

Ans: Its long term prospects are very good, following is its data. Hold it for at least 5yrs.

Strong Annual EPS Growth
Good quarterly growth in the recent results
Increasing Revenue every Quarter for the past 8 Quarters
Growth in Net Profit with increasing Profit Margin (QoQ)
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Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

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Question by jasbir - Aug 17, 2023Hindi

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What is the future of IDFC First Bank. I want to invest for next six months. Thank you

Ans: Equity is for long term. However, the credit growth and robust balance sheet of banking institutions instil confidence that they should do good in the medium term. Two major concerns with this bank are: a lot of execution depends on its CEO and they have high cost of capital.

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Question by Kanagaraj - Dec 24, 2024Hindi

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Hi sir, I transfered 3 lakhs to my friend in 2023 as loan through bank transfer. If he repay that without any interest in 2024, should I pay income tax?

Ans: You should get the amount back through banking channel only. You would have to pay any tax on it, since this is not your income, but just return of temporary loan without interest, to your friend.
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Asked by Anonymous - Dec 24, 2024Hindi

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Sir if my only source of income is intrest from fd that is around 2 lacs per month then how much tax I have to give and my age is 51

Ans: Your question is incomplete without details of :
(a). Tax Savings, if any.
(b). Other Income details including Interest earned from Saving Bank Accounts.
(c). Please also specify financial year under reference.
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Asked by Anonymous - Dec 22, 2024Hindi

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My portfolio is 10 lac I can pay income tax yes or not

Ans: Your portfolio may be of any amount, it is only when you sell the same it will be taxed. Keeping a portfolio does not attract any income tax.
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Asked by Anonymous - Jan 10, 2025Hindi

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Sir, It assessess annual income below rs:5 lacs senior citizen person cash gift to grandson rs:1 crores amount through on bank mode f.y.24-25 Question: Sec 68 provision applicable for it act

Ans: Grandfather can gift any amount to his grandson, which shall not be taxable in the hands of grandson. As suggested Gifted amount should only be through banking channels.
IT Department can demand an explanation (u/s 68) from the grandson & he needs to explain this entry, to the satisfaction of assessing officer.
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Question by Pravin - Jan 15, 2025Hindi

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If,a senior citizen has interest plus dividend income of 2.70 lacs and ltcg of 1.10 lacs for F.Y 2024-25( no other income), will he/she will have to file ITR for A.Y 25-26

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Question by Vijay - Jan 15, 2025Hindi

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I am looking for saving tax from my income ,FD & MF interest. Salary 22L, FD 60L, MF 25L. Please advise.

Ans: 01. Let me confirm your figures as, Salary Income Rs.22L, Interest from FDR Rs. 60L & MF Gains Rs. 25L.
02. Kindly avail normal tax savings like, u/s 80-C, Mediclaim u/s 80D, Pension Plan etc.
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Asked by Anonymous - Jan 04, 2025Hindi

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I want to provide my son a long term loan of Rs.10 lacs as Interest free loan. Will my son be liable to pay tax on this amount?

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Question by Vishal - Dec 17, 2024Hindi

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I have been doing SIP in an equity mutual fund of Rs 2000 in an equity mutual fund from Jan 2020 to Feb 2023. The total amount has grown to 1.25 Lakh. If I make full withdrawl, how will my capital gains be taxed?

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Question by arun - Jun 17, 2024Hindi

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I am 73 years old getting central gov. pension filing ITR-1 since long.in FY 23-24 i had rs. 339000/- LTCG in sell of equity share +MF. my tax fall within 20% in old regime . My humble query is how i show the LTCG income in ITR-1 in absence of any specific column further, in such case do i have to pay tax on the LTCG income @20% instead of @10%. pl. suggest your expert view.

Ans: In case of Income from capital gain, you are required to file ITR 2

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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