Questions tagged [india]

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

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ETF portfolio for indian retiree

I am a recent retiree and do not get a pension. I have all my savings in my bank account some of which I want to invest in an all ETF portfolio over a period of time using SIP. What are some good ...
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-2 votes
0 answers
130 views

Why shouldn't one directly invest in ETFs instead of portfolios?

Recently, portfolio stocks have become quite popular against mutual funds. Platforms like Smallcase in India allow us to buy a portfolio based on an idea or theme. However, it turns out that many of ...
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I paid R3999 for registration R4,799.05 for IMF now R3,768 for C.O.T is this not a scam? They will need another money after this? [duplicate]

I apply for a loan I pay 3999 for registration after IMF of R4,799.05 now I must pay R3 768 for C.O.T and they say I will get the money back is this not a scam?
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28 views

Do I need to charge GST to US based client?

I have been working (Website Automation Testing in Java Coding, Selenium) for a US-based client since October 2021. I send him an invoice every month addressing his registered company in Massachusetts ...
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1 vote
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Does FoF mutual fund have higher net expense ratio than advertised? [closed]

I am looking at 2 funds. One is ETF which tracks an index. Another is Mutual Fund which invests only in the earlier ETF. Mirae Asset FANG+ Index ETF FoF MF: https://groww.in/mutual-funds/mirae-asset-...
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0 answers
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How to mark date of exit if the dates in passbook and EPFO website do not match?

I'm trying to mark the exit date for a previous employer (left almost 4 years back) in the EPFO website. The problem is that when I try to select the DOE, it's only allowing me to select a date from ...
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  • 127
6 votes
1 answer
1k views

What do we mean by Over Payment in Payslip

i just got my salary and noticed that there is deduction of some amount under Over Payment. The salary slip is given in the form of a table. The table has 4 columns and many rows. For the purpose of ...
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Taxation in India and Hongkong

I have worked in India for first 11 months of FY. In 12th month, I have worked in Hongkong. Do i need to pay 12th month tax as per India tax rules of HK tax rules?
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0 votes
2 answers
94 views

Estimating profit for partially selling stocks

Say, I bought 10 stocks at average price B at different times and then decide to sell 5 out of them at price S at one go. We neglect the brokerage charges here. Is there a way to estimate the profit ...
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0 answers
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What's the best and fastest way to close a Private Limited company in India?

I am winding down my company in India (Incorporated 2010) as I have moved out of the country. There is very little income and expense monthly. Only 2-3 employees remaining. There is about INR 7,500,...
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0 votes
1 answer
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Is there any difference between placing a "buy & sell call option" & "buy & sell put option"?

I have attached two Options order charts. Max profit & loss are the same. But one (put) costs less than the other (call). Is there any real difference between these two orders? Is there any real ...
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4 votes
1 answer
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Husband's earning in the USA and mine from India | How to report in joint USA tax return

Please do not confuse it with this question here. It is about a different source of income and a different filling status. Context: I came to the USA via F2 (student visa) in September 2021 after ...
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1 vote
1 answer
42 views

What sequence are stock units held by us sold in?

This is specific to Indian Stock Market but I'd like to know about other markets as well if it works differently there. Here's the scenario:- I bought 10 units for INR 10 each. The stock went up by 10,...
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How to find SWIFT, Sort and IBAN India (Canara Bank)

I have a Canara Bank account. I need to find details of SWIFT, Sort and IBAN. I can't find this in my passbook, online net banking or google
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0 votes
1 answer
37 views

Who holds the units Sovereign Gold Bonds (SGBs) that are purchased by an investor (India)?

In India, when an investor purchases some units of gold through SGB. Who holds the purchased units? Like stocks purchased are held with CSDL or NSDL (as far as I have understood, correct me if I am ...
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0 answers
24 views

How safe are investment in Mutual funds (in India)?

I am aware of the fact that investment in mutual funds (MFs) are linked to market and are subject to market risks. However, my question is what is the security on our invested amount from framework ...
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22 views

How to get share money or transfer from old unknown demat account

I had start demat and buy shares for Rs.1000 only now its came Rs.5000, so i want to know How to get share money or transfer from old unknown demat account
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21 views

Taxation on FCNR Deposit with "Forward Contract"

I would like to have clarity about the taxation on the returns from "FCNR deposit with forward contract". Almost all (at least private) banks in India have this product in various names. ...
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0 votes
1 answer
29 views

What is the reason for higher returns in ELSS mutual funds when compared to other flexi cap equity mutual fund?

In general, how does ELSS mutual funds generate higher returns over long term (say 5 years or so) when compared to flexi cap mutual funds? As far I know, in general both the segment of mutual fund ...
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0 votes
2 answers
128 views

Question regarding credit cards and their fees

I have never owned or used a credit card before. I have only used a debit card and other non-debt/non-credit forms of payments online. I am thinking for applying for a credit card, but there are some ...
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Home Loan interest rate conversion - High spread

I have got a home loan from Axis bank (India) 5 years ago. Recently a friend of mine told me that they are reducing interest rates if you speak to the bank and pay a nominal amount of 5900 Rs by ...
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0 answers
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Can I subtract credits/returns/refunds from statement balance and incur no interest?

My question is basically the Indian version of this US-based question. Another duplicate possible is this one, but it doesn't have any country tag associated with it, so I cannot go with it. This ...
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0 votes
1 answer
46 views

How to interpret the 50Lakh limit for presumptive taxation?

If someone in India has total income of 60Lakhs in FY 2021 as under: 20 Lakhs from Salary 20 Lakhs from Profession (after quitting salaried job mid-year) 20 Lakhs from capital gains can he/she avail ...
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2 votes
1 answer
42 views

Income tax exemption on gifts given to parents in India

Assuming that if a person has a total taxable income of INR 20 lacs, and that person gifts his parents jewellery worth INR 2 lacs. Does the total taxable income of the individual reduce ? If yes, by ...
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1 vote
0 answers
48 views

Tax on cheques that are yet to be encashed

I have a cheque issued with a date 20/01/2021 and validity of 3 months. I forgot to encash it and now the cheque is expired. I want to know if I need to identify this as a source on income for the ...
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0 votes
2 answers
88 views

When direct bonds investment is better than investment in debt funds?

Some good company (say SBI) bonds have coupon rate of 9%. Q1. Does this imply that we can better invest in such bonds instead of debt funds (which have < 9% returns)? Or should I rephrase: why ...
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7 votes
2 answers
3k views

Double entry bookkeeping - Record incoming money which I would hold temporarily as a custodian

My dad's clients often transfer payments, which they owe to my dad, into my bank account [for technical reasons, some payment types into my account are not currently available in my dad's]. After a ...
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1 vote
1 answer
107 views

Is fixed deposit a good option during COVID days? [duplicate]

In Aug 2020, I left my job and joined 3 years full-time post-grad program. So 1.5 years is already over. Leaving my job during COVID days made me concerned. So I felt I should have significant ...
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0 answers
26 views

What are the timestamps at which the NSE's (India) order book gets updated?

I would like to know the timestamps at which the NSE's order book gets updated !
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1 vote
1 answer
107 views

Understanding how bond prices change

I came across following statement regarding Indian debt funds in ValueResearch ebook: The RBI announced retracting ₹2 lakh crore of banking funds through a 14-day reverse-repo operation in January ...
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0 votes
1 answer
91 views

How we earn from debt funds?

I was guessing how we earn from debt funds. I know the underlying bonds pay back interest. But I want to know how exactly we earn from debt funds. I know how NAV of the fund increases in decreasing ...
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0 votes
1 answer
86 views

Sending money to father in India to buy home

I am an NRI living in USA. If I send money (<$15000) in a year to my father in India as a gift to buy home in India under his name, will there be any tax implications in India for him or in USA for ...
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0 votes
1 answer
137 views

Possible ways to recover Mutual fund return (India)

In year 2003(I was a teenager), my uncle took some of my money and invested it under my name on mutual fund in India. Now in 2021, I want to know it's return. Unfortunately, neither him nor I have any ...
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1 vote
0 answers
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Should retiree take insurance from employer or should he/she take from external insurance organization?

My dad is retired bank official in India. I want to know if he should go for health insurance provided by his employer or he should go for other insurance organizations, given say the cover is exactly ...
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0 votes
1 answer
75 views

Why shouldn't I hold onto debt funds for a long term?

(I'm in India) I've heard that debt funds should ideally be redeemed in 3 to 5 years. If the money is to be invested for a longer duration, equity funds are to be used. Is that valid? If so, why? I ...
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2 votes
1 answer
121 views

What calculations do I need to make to have sufficient balance in my account to avoid margin penalty?

I am talking about NSE (India) here. Clearing corporations (CC) take 4 snapshots of client positions at random times during the day and see if there was sufficient margin available and, if there isn’t ...
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0 votes
1 answer
94 views

Taking home loan and car loan separately with some down payment or taking one loan without any down payment. which one is good?

Am from India and planning to buy a house and a car. I have ~10L in my hand. House costs around 36L (Including Registration and other charges) and car cost around 11L (on-road price). So paying down ...
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1 vote
0 answers
43 views

What are equivalents of 10K and 10Q in India

According to investopedia: A 10-K is a comprehensive report filed annually by a publicly-traded company about its financial performance and is required by the U.S. Securities and Exchange Commission (...
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2 votes
1 answer
110 views

Can I bring back the money to US from India which I’ve sent over the years?

I’ve sent a total of about 50 lacs over the last 10 years to my account jointly held with my father. The money was sent at various times throughout the last 10 years and it was sent to a regular ...
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0 votes
0 answers
8 views

Sole proprietor with saving account linked to GST reg and other bank accounts

Is it possible to use savings account linked to GST for personal expenses as a sole proprietor or individual? How to manage other savings accounts when GST is registered? Should I also show the ...
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3 votes
0 answers
171 views

Internationally issued Visa Credit Card fraudulently used in the US, possibly because merchant bypassed card security features. What are my options?

My internationally issued credit card was stolen, along with a lot of my personal items in the US. There was also a Apple credit card issued in the US that were stolen, but the fraudulent charges were ...
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1 vote
0 answers
53 views

What Nifty 50 ETFS in India allows covered calls? [closed]

I want to buy a Nifty ETF such as SBI-ETF Nifty 50 or Nippon India ETF Nifty BeES but I am not able to figure out if these ETFs allow for covered calls to be written. Can members guide me which of ...
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0 votes
1 answer
74 views

I don't have a folio number or the documents of the shares

My father have bought few shares from different companies long ago and lost his documents. And now apart from the company names he doesn't have any other information like folio number or document ...
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0 votes
0 answers
41 views

SIP Investment Question

I am 30 now (India) and planning to invest 1000Rs SIP monthly for my Child. My plan is to increase this 10% every year and invest only in NIFTYBEES ETF. This is purely long-term (more than 30 years) ...
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0 votes
0 answers
26 views

Is it reliable to do payments to offline merchants using UPI

Sometimes, when doing UPI transfer the transaction goes into the pending state. I read somewhere that in that case we shouldn't make another txn to the same beneficiary and wait for 48 hours. After 48 ...
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0 votes
3 answers
100 views

What are the factors on should consider before investing in Mutual funds or subscribe a SIP

I'm in early stage and trying to build my finance. I'm checking various Mutual funds and some of them have very good returns ~18%. But I want to consider other factors like expense ratio and other. ...
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0 votes
2 answers
253 views

What really is a recurring deposit?

What I do not understand is what is really meant by the term "recurring"? Also why is the minimum time limit between recurring and fixed deposit so different (min :6 months and min :7days) ...
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0 votes
1 answer
82 views

To receive payments from a US company, do you need to start a LLC/PVT in India?

A person, let's say "X" got an offer from a US company as a Consultant. X lives in India. To receive payments from US company, does X need to start a LLC/PVT in India? How can X receive ...
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1 vote
1 answer
84 views

Avalilability of very short term loan options for non-salary individual in India

I am a student and I have a non-salary account. I mean, I am not getting salary and getting money every month as scholarship. The amount I am getting as scholarship is not less and is at-least ...
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0 votes
0 answers
23 views

Do I have to pay GST for online micro works like surveys and providing AI training data etc.?

I got my GST number for ecommerce business last month but I haven't started selling yet and hence made no sales yet but I also do some online micro works like surveys and provide AI training data from ...
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