Questions tagged [india]
For questions that relate to the laws, practices, and products of India
1,392
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[India-US]Taxability of qualified dividends on US mutual funds by Income Tax department of India
AFAIK, dividends paid out by mutual funds are of two categories, ordinary and qualified. The ordinary dividends are taxed as ordinary income while the qualified dividends receive the favourable LTCG (...
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How is it possible in some payment applications to pay without logging in (via internet or sms)?
https://business.paytm.com/support/can-my-customer-pay-without-login-into-paytm-app-if-not-using-indian-mobile-no
There are some indian apps and nepali apps that allow to pay without loggin in:
via ...
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Do I need to merge EPF amount of different companies?
I'm from India. Everyone is saying that there should be only one EPF account, what does that mean? I have a single UAN number and since starting my professional career I have changed 2 employers and ...
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How do I seed UAN with AADHAR after three years of work gap
I was working with a company. Then I took three years of education gap. Now I have joined new company. When I tried to login EPFO portal, I was not able to login. The portal says "Aadhar is not ...
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How to do offline transfer using NSDL? for unlisted stocks
CDSL provides easi/easiest based offline transfer facility.
Whereas how to do this in case of NSDL online?
Also how to do interdepository transfer from NSDL
Thanks
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Claiming HRA for a jointly owned property
I am a salaried person in India. I am in the process of getting a new house on rent but the property is a jointly owned property.
The rent agreement will have both the owner's names & i would be ...
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2
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21
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EPF with PPF clarification for salaried person
Suppose a non-government salaried person has an EPF account.
Employee Contribution EPF amount 4500 Rs and Employer Contribution EPF amount 4500 Rs
What will be the 80C and 80CCC deduction benefit ...
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179
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Can money be refunded after order cancellation in HDFC multicurrency forex card?
I ordered something online on Amazon while in US using my HDFC multicurrency forex card. A day later the payment was processed and the amount got deducted from my forex card. I had to cancel the order ...
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Do we need to show foreign asset's (US stocks) dividend in ITR filing, That even not withdrawn from the broker (US stock broker)?
I have purchased foreign assets (US stocks) using the INDMoney app for about 5000 rupees from india. And I have received dividends for that stocks in US broker website. Dividends are very low and I ...
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Can any firm ask PAN details of parents in India?
An Indian trading firm I'm employed with has asked PAN details of my parents, could they misuse it ? They've said that SEBI requires them the PAN details of the Parents.
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India TCS tax on foreign remittence
I am an NRI with some NRO and NRE accounts held in an Indian Bank.
I am trying to remit an amount from sale of a property for which TDS has already been paid. The amount was deposited to an account ...
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1
answer
39
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Deducting option trading losses for income tax filing
I am in India. Let's say I have an income for 25 lakhs and my losses in option trading for 10 lakhs. How to file ITR for the same? Will my losses in option can be carry forward for 8 years?
Suppose I ...
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Will there be any incoming & outgoing taxes on $40,000 money transfer from USA to India and possibly back from India to the US between siblings?
I am an Indian citizen and future UK postgraduate student (September 2023). To fund my studies and living expenses in the UK, I have applied to for a local government scholarship, the result of which ...
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38
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Understanding Profit and Loss chart with simple option strategy
I am using a platform called Sensibull and I am retail options trader in India, which follows European format of options.
I have shown below a profit and loss chart below
The question that i have is ...
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61
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Demating City Union Bank
City Union Bank Share certificate held by my wife jointly with me was returned without demat in 2007 by M/s Integrated Enterprises due to signature mismatch etc. I happened to locate the physical ...
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W8BEN form Tax Treaty details for an Indian student receiving a (Travel) Award from a US-based organization
I'm a Indian student living in India. I have been selected for a Travel Award for attending a conference in a country that is neither US nor India. However, the conference organization is US-based and ...
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tax implications of reinvesting capital after selling house in india
Say Person X is an NRI who has held a property in India for the past few years (greater than 3 years).
sells property for a profit of 100 units
As an NRI 100 units of profit gets taxed at 20%. 20 ...
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1
answer
47
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When exactly in the FY can returning NRIs invest in PPF?
It is said that an NRI cannot open a PPF account.
But consider the case of an NRI individual who has recently returned back to India and has no plan for going abroad again. When exactly can this ...
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Does a loan for purchasing land provide a tax benefit?
I want to take a loan for land. In the future we want to build house on it, but now we can only afford the land. Would this be a personal loan or home loan?
If I take this land loan can I benefit in ...
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Can a foreign national maintain an Indian PPF account after giving up Indian nationality?
I have an enquiry about the PPF system. If an Indian citizen, having a Public Provident Fund (PPF) account with an indian bank, plans to give up his/her Indian citizenship before the maturity period ...
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Tax treaty details on RSU (W8 Form)
I am working from India in US based org and got the RSU, wo need to fill the W8 form and need help on below:
Please select the Article, Paragraph, rate of withholding and income types claimed below:
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47
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Capital Gains on selling a redeveloped house in India
I am an NRI trying to sell my house in India. My house was redeveloped in early 2000s while I was an Indian resident. I got possession of the said flat in around 2006 when I was still an Indian ...
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73
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Transferring money from India to US from my Mom
I am an Indian married to an American citizen living in the US, in the waiting phase for my Green Card application decision Process. My husband and I share a joint account here in the US. My mom lives ...
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182
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Can we hand over blank cheques to a bank when applying for any kinda loans?
I applied for a 4 lakh car loan with HDFC Bank, but before they will approve it, they require four blank cheques with my signature. Is it safe to give the bank those cheques?
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37
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Where are the Direct Stock Purchases (DSP) sold?
I am new to stack trading. I want to understand if the stock bought directly from a company via Direct Stock Purchase and is in my Demat account, be sold through another Online Brokerage account I ...
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Can chinese investor buy stocks in indian stock market?
I have seen some material on the web such as "New Foreign Investment Restrictions Imposed by India",New Foreign Investment Restrictions Imposed by India.
In the article:Historically, ...
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40
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Which "special rates" to my case when filling out the W-8BEN Form
I'm a software engineer for a US-based company currently residing in India. When filling out the W-8BEN form, I am stuck at Part II (Claim of Tax Treaty Benefits). I am not sure which Article do I ...
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Question on ratio of median renumeration in balance sheet/Question on median salary of a company/ratio of median renumeration in annual report
Consider below Annual report of an company for the year 2021-22 https://on.tcs.com/Annual-Report-2022
In this report on page 89 we have data on "Ratio to median remuneration for all board members&...
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How do I get exempted from property taxes in India for lack of basic civic facilities?
My property comes under panchayat administration and I have been paying my property taxes for the past 5 years but since time immemorial no basic facilities like road, drainage and street light at ...
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1
answer
177
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Bank loan related fraud in India
I am asking this question on behalf of an Indian friend of mine.
My friend (A) is planning to sell a house. The prospective buyer (B) will take a bank loan to buy the house.
Now B suggests that an ...
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What rules and regulation do I need to keep in mind when purchasing property in India while on H1B
I am currently in the US on an H1B visa. I want to buy a flat in India for my parents. But I am not aware of any rules and regulations regarding taxes or any restrictions if there are any. I will be ...
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Should I liquidate existing fixed deposit for a higher interest rate?
The past 2 years, the Fixed Deposit rates were very low (~5.1 - 5.2 roi for 1-2 years) during which I had created multiple fixed deposits. However, with the rates on the rise now (6.75 for 1-3 years), ...
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closing mutual fund accounts from India
I have been working outside of India for few years now and am interested to know if there is a way straight forward way to close / liquidate all mutual funds held in CAMS which is the registrater for ...
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5
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870
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What exactly is a professionally managed company? Why the promotor holding of professionally managed company is always 0%?
As you might have guessed by now, yes! I am new to the world of finance.
I have been going through a playlist on YouTube about investing in the stock market. And in one of the videos, I came across ...
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How is tax calculated if investment is done in ELSS and PPF together
If I invest 150000 in ELSS and 150000 in PPF in the same year then after maturity what taxes will be applicable because they both come under section 80C?
Is it a wise decision to invest in ELSS and ...
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217
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Can a green card holder continue to legally maintain and use an existing NRE account?
I am an Indian citizen in US and used to have non immigrant visa and recently got green card. I already have a NRE account. Can a green card holder continue to legally maintain and use an existing NRE ...
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2
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80
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Is a transfer between 2 NRO accounts a taxable event?
I'm an NRI and my friend who is also an NRI wants to transfer money from his NRO account to my NRO account. Does this transfer attract Tax?
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In India Company IT return, how to declare withheld tax?
I am part of a 2-person private limited Indian company. I am both shareholder, as well as contractor for a project executed by the company. All money received in India from a foreign customer was paid ...
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1
answer
116
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How to reorganize crypto centric portfolio to more balanced approach?
I need advice on reorganizing my portfolio to sustain myself and my dependents until their demise.
I live in India. I am in my mid-20s and have 3-4 dependents. I have my own house (no mortgage), a few ...
user119942
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1
answer
49
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Tax Treaty Article in W8 form for salaried Indian employees for selling listed and unlisted equities
I am an Indian citizen and I am employed in India. I have never been US resident or employed in US. I have received listed and unlisted both type of equities from my employers. For selling the both ...
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What part of India income tax form 15CA is needed?
My husband and I are citizens of USA. My husband acquired a house in India as a gift from his parents. We sold the house and paid TDS. The balance amount has been deposited in our NRO account. To ...
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How to find top stock holdings of Indian mutual fund using Google sheet
This article has much clear view on how to find price and create portfolio in google sheets. But i am unable to find anywhere how to get top 10 stock holdings of respective mutual fund.
Is there any ...
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1
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259
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How to send money into someone's paypal anonymously ? Read further
I am an Indian and i want to send a Japanese friend some money. The friend uses Paypal and is not familiar about Crypto.
I want to do it anonymously as i can't let anyone know about it. Here in India, ...
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Do the HDFC credit card reward points calculated on billed amount or the amount spent using the card
I read that paying credit card bills before bill generation can help regulate credit utilization ratio and thereby improving credit score. But are the reward points computed on the total unpaid amount ...
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1
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99
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Capital gain tax on a property sold in India
I sold a house in India in May 2022 and paid Tax Deducted at Source in India. I am planning on repatriating the money to my US bank. I have been declaring the interest income from Indian bank account ...
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1
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77
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How much does high credit utilization impact my credit score?
Prior information of the credit card in question:
Maximum Available Credit limit: र100,000
Available Credit limit: र30,000 --- (Virtually set by me using bank's portal based on my spending habits on ...
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1
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49
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Can't receive money in NRO
I have maturing LIC policies and PPF which I want to be deposited into my SBINRO account. Other banks and LIC attempted NEFT but it returned back. I also attempted to online transfer INR 500 from ...
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Can I save STCG on profit from US stocks by gifting them to parents (with no income) who sell them within 24 months from actual date of acquisition?
Short version of the question
Parents have almost no income. I live in India and earn RSUs listed in USA from my employer as perquisites. Can I save tax by gifting them to parents who then sell them ...
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227
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Are transferred funds from NRO Account to USA taxed?
I received my PF amount in my NRO account. If i transfer that amount to USA, will i be paying tax before transfer at Indian side or after transfer in US?
Different websites give confusing rules, what ...
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Form 15G: Exemption on TDS if total income is > 2.5L but taxable income is < 2.5L
I need one clarification. If one's total income is greater than 2.5 Lakhs per annum, but still having taxable income less than 2.5L (due to 80C etc.), can they submit Form 15G to get exemption on TDS ...
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