Questions tagged [india]

For questions that relate to the laws, practices, and products of India

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0answers
47 views

Is it wise to have two health insurance plans?

I have not come across many articles discussing this topic, but I am guessing if it wise to have multiple health insurance plans. For example if there are two top health insurance plans. If I wanted ...
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38 views

Financial planning for Indian baby born in USA

I am an Indian citizen and currently reside in the USA with a student visa (F-1) along with my wife (F-2). Like a couple of months ago we are blessed with a baby boy. Now that he was born in the USA, ...
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14 views

Invest in both PPF and VPF

Is one allowed to invest in both VPF (Voluntary Provident Fund) and PPF (Public Provident Fund) in the same financial year and is there a limit on the same?
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14 views

How to estimate the YTM and Duration of Soverign Gold Bonds?

I am thinking of investing in Rupee Denominated Indian Sovereign Gold Bonds which have a 2.5% coupon paid semi-annually on face value of Rs. 4852 which cost me Rs. 4802. The time to maturity is 8 ...
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1answer
23 views

Tax- Treaty benefits for USA-India for an Individual who earned Royalty

I have received a royalty from one of the projects I worked on when I was a student at USA University. For the last 5 years, I have moved back to my home country India where I now live and work. I ...
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15 views

India to UK bank transfers

Is a UK passport holder with an Indian bank account in Kolkata, allowed to transfer money to their son's UK bank account as a gift. He is a UK passport holder. Thank you
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2answers
37 views

IT Contractor Working for UK Client

How does an IT contractor provide consulting services from India to a UK Client? Do we need to open a IT Services Private Limited Company in India or are there other options, also helpful on how much ...
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1answer
50 views

What drives a share price to stay up even when the fundamentals are weak?

Check this. The market cap of this company is not even close to other companies with the same CMP, let alone the fundamentals. And It manufactures a variety of heavy equipment, such as that used for ...
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1answer
166 views

What does an L mean at the end of the salary in India?

In the following job ad in India, what does the L mean at the end of the number? Expert level Data Engineer Bengaluru ₹15L – ₹20L
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1answer
23 views

Advice with CTC (Fresher)

What would be the in-hand salary for the CTC 8.4 lakhs (breakup attached in link)? Are they just ballooning up the figure? What would be some reasonable points to discuss with them before I accept ...
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1answer
116 views

What happens when the 'offer price' drops to zero?

I am aware of the basic idea of the 'offer price qty'. It's basically the number of shares available for you to buy at some instance. But what happens when this quantity drops to zero (i.e. there are ...
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11 views

How to know if my previous employment's PF account is transferred to my current employer's PF account?

I had worked at 2 companies before joining my current employer. If I login into the EPFO website and try to view my passbook, I see 3 member IDs listed under my UAN as shown below: Does this mean my ...
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1answer
54 views

Income from India to US

I have a pair of married clients from India who lent their son money to buy a restaurant in India. They now reside in the US and are naturalised US nationals, and now that the business is profitable ...
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1answer
13 views

Taxation of US LLC in India

I am a non-resident of the USA, and a resident of India for tax purposes. Suppose I set up my US brokerage account as an LLC in the USA. What taxes will I owe on this account in India? What taxes will ...
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0answers
33 views

Can I deduct anything from my Taxes if I send money back home for my educational loan?

For the tax year, I was on an F-1 visa. I routinely send money back home to India for my educational loan/ family purposes. Can I deduct this from my taxes?
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2answers
76 views

Stocks with buyers only

I have Alok Industries stock NSE in my portfolio, everyday it increases by a fixed percent 4.95 and moneycotrol websites states everyday that "buyers only". What's the matter and will I face ...
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1answer
144 views

How long to wait before spending wire transfer money?

I made a trade online and someone wire transferred me some money. There's a possibility that the person might reverse the transaction. So how long should i wait before it is confirmed that the money ...
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2answers
63 views

Estate tax in the USA for non-residents

I read that the estate tax for non-residents on their US assets can go up to 40% with the first $60000 tax exempt. Suppose, as a non-resident, I have a brokerage account holding US stocks with the ...
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1answer
10 views

Tax treatment in India on a Resident Indian on money he earned in UAE as NRI earlier

I worked in UAE from Sept'2006 to Mar'2014 and came back to India permanently on April'2014. Before returning to India, I invested some amount in USD dominated bonds through a local bank in UAE on Mar'...
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0answers
22 views

1040 NR Line 22 Schedule OI

Line 22 of 1040 NR is "Total income exempt by a treaty from page 5, Schedule OI, item L (1(e))" I am a resident of India for tax purposes, and I was not able to identify in the India-US tax treaty ...
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1answer
30 views

How to calculate average in intraday trading of NSE/NIFTY equity shares?

I am beginner in intraday trading of NSE equity shares in Zerodha. Sometimes I have failed to calculate the average when I trade the same shares multiple times during the same day. For example: ...
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1answer
20 views

Offsetting long term capital loss in India

How do I offset long term capital loss on equities in India?
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1answer
23 views

Long term capital gains tax on equities in India

Which of the following is applicable to long term capital gains on Indian stocks and on foreign stocks? a) Long-term capital gains are subject to tax at 20%; b) Long-term capital gains arising from ...
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1answer
23 views

Short term capital gains tax on equities in India

I read that the short term capital gains tax in India is 15% if there is securities transaction tax, and if there is not, short term capital gains is taxed as ordinary income. I have the following two ...
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1answer
26 views

Net short term capital gain in India [duplicate]

Suppose I have two securities A and B in India. I sell A at a profit of 100 INR, and B at a loss of 90 INR. Both transactions are short-term. So my net gain is 10 INR. But I buy B immediately ...
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0answers
19 views

As a current F1 student, would I need to pay taxes on ESPP stocks that I bought before I came over to pursue higher education?

I am foreign graduate student in USA. My previous employer had ESPP programs, and I bought some stocks under those programs when I was in my home country, India. The investments were made when I was ...
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1answer
39 views

Indian taxation on after-tax retirement accounts such as Roth

How does India tax US after-tax retirement accounts such as the Roth IRA for a person who is a US non-resident for tax purposes starting age 59.5?
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1answer
36 views

Traditional IRA distributions taxation as non-resident

I left the USA for India in 2019, and expect to be a non-resident for US taxation purposes when I turn 59.5. In the India-US tax treaty Article 20 Clause 1 states "Any pension, other than a pension ...
2
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1answer
30 views

Taxation of foreign capital gains for Indian residents

How are capital gains on specifically foreign stocks taxed in India for Indian residents? Are they added to income and taxed at ordinary tax rates? If yes, can capital losses be deducted from ordinary ...
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1answer
35 views

NPS contribution charges and eNPS

What are the benefits of eNPS? How can we avoid (a) POP trail commission & (b) Payment Gateway Charge while making a contribution in NPS Tier-1 account? 3.What is the recommended/generalized % ...
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1answer
14 views

Withdrawal from ELSS in India

If I invest in ELSS under section 80 C, I am given to understand that I can withdraw the money after 3 years. Do I need to get my employer involved while withdrawing the money? Is the money tax-free ...
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1answer
23 views

Taxation of EPF withdrawals

I have made contributions to EPF in India under section 80C for saving on taxes. But I read that the money is taxable on withdrawal unless one works for five continuous years. What if one ...
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1answer
32 views

Personal investment portfolio set up as business

I have an investment portfolio in the USA, but I am now in India. To save on taxes on capital gains in India on this portfolio, would it help to set up trading in this portfolio as a business? What ...
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1answer
57 views

Is it possible for foreigners to buy Indian stocks?

Is it possible for a person who is both a non-resident and non-NRI to buy Indian stocks? I am specifically interested in buying stocks listed on the NSE and BSE. Are foreign mom-and-pop retail ...
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0answers
17 views

PINS Demat account for NRI

I learned from other questions on this forum that an NRI has the option to invest in individual stocks in India through a PINS Demat account. Is this a recent development? I was told by my broker in ...
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0answers
41 views

Certificate of net worth

Why is it that in India a certificate of net worth is required to open a trading account? Why do the tax authorities need to know what one's net worth is in order for one to be able to open a trading ...
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1answer
45 views

doubt regarding cash flow statement of bajaj finance?

I need a little here understanding this cash flow for Bajaj Finance. The cash flow here from operating activties is in negative and goes on increasing in negative value. While that for financing ...
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0answers
17 views

Where to file income tax return?

If an android developer earns income from various countries is that person supposed to pay tax to each country or just file an US tax return and of that person's own country?
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0answers
39 views

Claiming tax credit on non-US income

For tax year 2019, I meet the substantial presence test and so am planning to file my US taxes as resident alien. I left the USA on 1/31/2019, and started working for an Indian company in July 2019. ...
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1answer
36 views

Indian taxation on US assets after returning to India

I left for the USA in January 2008, and returned to India for an extended period of time on 1/2/2019 with earlier short visits of 15 days each in 2016 and 2018. I started working for an Indian company ...
2
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1answer
60 views

W-8BEN and 1099

I have been a non-resident alien for a while with my residence now being in India. Previously, it was the USA. I understand that I am required to submit W-8BEN to my broker. Right now, I don't see any ...
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0answers
9 views

What is eligibility criteria for MSME registration?

I want to know all details about MSME registration for India startups? and eligibility of getting that registration?
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2answers
29 views

What kind of agreement needed to work as a contractor for UK company from India

If I want to work for UK company as a contractor from India (Remotely Software developer) then Do I need to Make any legal agreement in India or UK?
1
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1answer
37 views

NPS Tier-1 Account

If the present fund value is less than the total invested amount in NPS-Tier 1 account and we change the scheme preference(I mean change the % allocation in Scheme E,G,C) then do we have to book ...
2
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1answer
65 views

How gold funds can give different profit

I am looking at different gold bonds available in India, and came across some top performing funds from etmoney site. I got a doubt on the profits generated by these funds. If they invest the money ...
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2answers
33 views

Indian health insurance incurred claims ratio

I was trying to calculate the incurred claims ratio for the New Assurance Assurance Co. (an Indian insurance company) for health insurance from the company's public disclosure information. This seems ...
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1answer
122 views

What causes the stock price to go really high even if the number of daily traded stocks are very low?

I was checking out a stock named Ruchi Soya, that went from 18-25 to 480 in maybe 2 months. But the daily traded stocks are very less in number. There were days the stock price hit the upper circuit ...
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1answer
29 views

Historical telegraphic transfer buying rate for a currency to INR

The rate of exchange for conversion into rupees of income expressed earned in foreign currency should be the "telegraphic transfer buying rate of such currency as on the specified date" as per the IT ...
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1answer
20 views

NRI loan return in India

One NRI took loan from me (also NRI) in Saudi, but about 2 months ago left for good to India. Now he has no option but to pay me in India, this money that he will transfer to my account may look as ...
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2answers
60 views

How to find total equity from balance sheet of a company?

I was looking for balance sheet of a company to know about it's total assets, liabilities and equity price. I tried apply basic formula to get equity, which is 'Assets = Liabilities + Equity'. But, ...

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