We may delay a bit

Tony Thomas

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Jul 2, 2010, 2:13:17 PM7/2/10

to iitkt...@googlegroups.com, A T Rajesh, sughosh p, Pawan Sukla, Ajith TV, Shamail, Shantilal Das, Harsh Raju Chamarthi, Abhi, satish kumar, gibu george, Manu Bansal, Suresh A Kartha, sandeep ponnuru, Abani Pattnaik, abhaya Kumar, Jayadeep U.B, Muthu Poosan, Vivekanandan Kannan, Prem Singh, Sanjeev Panda, Alokmay, jayakumar krishnankutty, C. B. Ashesh, Mr Himanshu Kamra, Siddhartha Shrivastava, hari krishnan, Amitava, Manoj Kurup, Sachin Shukla, vinayak prabhu, Gunjan Porwal

Dear All,

It seems from the discussions that the best alternative to avoid/reduce tax is to transfer part of the contributions to sir's wife and to his daughter's accounts (it may result in 1.9+1.9 = 3.8 lakhs tax free limit..assuming tax is on gross income...sufficient for the present round). I will ask sir to create these accounts.

Those who have not transferred the contributions may wait till then. Sorry for all the confusion.

Best regards,

Tony.

Shantilal Das

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Jul 14, 2010, 10:08:16 PM7/14/10

to iitkt...@googlegroups.com, A T Rajesh, sughosh p, Pawan Sukla, Ajith TV, Shamail, Harsh Raju Chamarthi, Abhi, satish kumar, gibu george, Manu Bansal, Suresh A Kartha, sandeep ponnuru, Abani Pattnaik, abhaya Kumar, Jayadeep U.B, Muthu Poosan, Vivekanandan Kannan, Prem Singh, Sanjeev Panda, Alokmay, jayakumar krishnankutty, C. B. Ashesh, Mr Himanshu Kamra, Siddhartha Shrivastava, hari krishnan, Amitava, Manoj Kurup, Sachin Shukla, vinayak prabhu, Gunjan Porwal

Hi Tony,

Do we have a consensus about the money transfer.

Sorry I just came back from a trip and catching up on things.

Take care

Shanti

From: Tony Thomas <tonyth...@yahoo.com>
To: iitkt...@googlegroups.com
Cc: A T Rajesh <atra...@gmail.com>; sughosh p <sugh...@gmail.com>; Pawan Sukla <sukl...@yahoo.com>; Ajith TV <t_v_...@yahoo.com>; Shamail <shamai...@gmail.com>; Shantilal Das <sld...@yahoo.com>; Harsh Raju Chamarthi <har...@gmail.com>; Abhi <abhilash...@gmail.com>; satish kumar <ksa...@gmail.com>; gibu george <gibu76...@gmail.com>; Manu Bansal <ma...@cs.ucla.edu>; Suresh A Kartha <kar...@iitg.ernet.in>; sandeep ponnuru <ponnuru...@gmail.com>; Abani Pattnaik <abanip...@gmail.com>; abhaya Kumar <abhaya_...@lycos.com>; Jayadeep U.B <jaya...@nitc.ac.in>; Muthu Poosan <snk...@rediffmail.com>; Vivekanandan Kannan <vivekanan...@yahoo.in>; Prem Singh <premsin...@rediffmail.com>; Sanjeev Panda <mailt...@gmail.com>; Alokmay <Alokma...@gmail.com>; jayakumar krishnankutty <jk...@yahoo.com>; C. B. Ashesh <cbas...@gmail.com>; Mr Himanshu Kamra <himansh...@yahoo.co.in>; Siddhartha Shrivastava <siddhart...@gmail.com>; hari krishnan <hkk...@gmail.com>; Amitava <mami...@yahoo.com>; Manoj Kurup <amm...@yahoo.com>; Sachin Shukla <ssh...@gmail.com>; vinayak prabhu <p.vi...@lycos.com>; Gunjan Porwal <gunjan...@gmail.com>
Sent: Fri, July 2, 2010 1:13:17 PM
Subject: We may delay a bit

hari krishnan

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Jul 14, 2010, 10:12:32 PM7/14/10

to Tony Thomas, iitkt...@googlegroups.com, A T Rajesh, sughosh p, Pawan Sukla, Ajith TV, Shamail, Shantilal Das, Harsh Raju Chamarthi, Abhi, satish kumar, gibu george, Manu Bansal, Suresh A Kartha, sandeep ponnuru, Abani Pattnaik, abhaya Kumar, Jayadeep U.B, Muthu Poosan, Vivekanandan Kannan, Prem Singh, Sanjeev Panda, Alokmay, jayakumar krishnankutty, C. B. Ashesh, Mr Himanshu Kamra, Siddhartha Shrivastava, Amitava, Manoj Kurup, Sachin Shukla, vinayak prabhu, Gunjan Porwal

is sirs account limit reached yet?
Hare

Tony Thomas

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Jul 14, 2010, 11:03:37 PM7/14/10

to iitkt...@googlegroups.com, A T Rajesh, sughosh p, Pawan Sukla, Ajith TV, Shamail, Harsh Raju Chamarthi, Abhi, satish kumar, gibu george, Manu Bansal, Suresh A Kartha, sandeep ponnuru, Abani Pattnaik, abhaya Kumar, Jayadeep U.B, Muthu Poosan, Vivekanandan Kannan, Prem Singh, Sanjeev Panda, Alokmay, jayakumar krishnankutty, C. B. Ashesh, Mr Himanshu Kamra, Siddhartha Shrivastava, hari krishnan, Amitava, Manoj Kurup, Sachin Shukla, vinayak prabhu, Gunjan Porwal

Dear All,

Sir's account has reached/crossed its limit. So we will transfer the remaining contributions to only his wife's account and the eldest daughter's account. I will give you the account details soon.

Best regards,

Tony.

--- On Thu, 7/15/10, Shantilal Das <sld...@yahoo.com> wrote:

vinaya...@lavabit.com

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Jul 15, 2010, 7:45:08 AM7/15/10

to iitkt...@googlegroups.com, Tony Thomas, A T Rajesh, sughosh p, Pawan Sukla, Ajith TV, Shamail, Harsh Raju Chamarthi, Abhi, satish kumar, gibu george, Manu Bansal, Suresh A Kartha, sandeep ponnuru, Abani Pattnaik, abhaya Kumar, Jayadeep U.B, Muthu Poosan, Vivekanandan Kannan, Prem Singh, Sanjeev Panda, Alokmay, jayakumar krishnankutty, C. B. Ashesh, Mr Himanshu Kamra, Siddhartha Shrivastava, hari krishnan, Amitava, Manoj Kurup, Sachin Shukla, vinayak prabhu, Gunjan Porwal

So the tax consultant confirmed that gifts are now taxed as ordinary income ?

Regards,

Vinayak

> Tony.�
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