If you hold Majesco share then you better sell it right now

67°
Deal Cadet
gc1992

If you hold Majesco share then you better sell it right now rather than waiting for dividend.

The difference in the tax outgo can be quite stark. Let us assume an investor purchased Majesco shares at Rs 300. If he sells at Rs 1,000, his capital gain will be Rs 700. If the shares were bought more than a year ago, the tax on the gain will be Rs 70 (10%). If bought less than a year ago, the tax will be Rs 105 (15%). But if he gets the dividend, the entire Rs 974 will be taxed. If the investor is in the 30% bracket, he will have to pay Rs 292 as tax. HNIs will pay more due to surcharges on tax.

Super rich taxpayers are not the only ones who should take note. Investors with income below Rs 5 lakh a year, who escaped the tax net due to the relief under Section 87A, also need to worry. The dividend income is added to total income, and a big payout could push their incomes beyond the tax free threshold.

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Deal Cadet Deal Cadet
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So the investors with 10Lakhs income can invest in it right?

Deal Subedar Deal Subedar
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i think share price will be less than dividend grinning by another 2-3 days stuck_out_tongue due to tds

Deal Cadet Deal Cadet
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share price may become negative like crude to compensate for high dividend.

Deal Cadet Deal Cadet
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droidx081 wrote:

So the investors with 10Lakhs income can invest in it right?

Negative

Blogger Blogger
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droidx081 wrote:

So the investors with 10Lakhs income can invest in it right?

They have sold the company. They would be giving the proceeds of the sale as dividends to their share holders. Those who bought them a while back made good money, now there is no point in investing in this company.

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