Stack Exchange Network

Stack Exchange network consists of 174 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange

Questions tagged [india]

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

2
votes
3answers
286 views

Is it ok to have multiple life time free credit cards?

I am currently having two life time free credit cards. These cards do not charge any annual fees. And another bank is offering me such credit card. I was thinking if I should go for it as its rare ...
1
vote
1answer
103 views

How long does a money transfer from Göttingen, Germany to India take, and how can I find what the hold-up is?

I have transferred Money from my friends account to my Indian account as i was not having my own account at göttingen, Germany. It has been more than 20 days but I have not received the amount in my ...
3
votes
1answer
92 views

Is it better to dispose off property now or wait for its inheritance for selling ?

My mother-in-law owns a flat in Mumbai and she is not currently staying there. What is less troublesome and less taxable out of these two : Selling the flat while she is alive Selling it after their ...
1
vote
0answers
71 views

Receiving debt through PayPal attracts tax?

I reside in India, and one of my friend owes me a debt of 3 lakh rupees. Now the friend is living out of the country. He sent me the debt amount via PayPal. Is this acceptable? Will this credit to my ...
1
vote
2answers
90 views

Remittance of money from father who is an Indian to his son who is an Indian holding PR of America

My uncle, lives in India, wants to remit money to his son who is an Indian holding PR of America. His son wants to purchase Immovable Property in America. What is the procedure my uncle needs to ...
1
vote
1answer
85 views

Doubt regarding NCB for a second hand car

I had bought a second hand car with NCB 50%. When i approached the car insurer to change the ownership name, he did the same and he didn't mention anything about the NCB transfer and I also was ...
3
votes
1answer
601 views

Indian equivalent of Vanguard S&P 500

I was going through the article - Warren Buffett wins $1M bet made a decade ago that the S&P 500 stock index would outperform hedge funds The name Vanguard is pretty popular even among non US ...
2
votes
1answer
58 views

Money transfer and income tax rules

I am Indian citizen I have one friend in Los Angeles he send me money on regular basis in my saving account around 70k he is foreigner and there is no blood relationship between us . I want to know it ...
3
votes
1answer
172 views

Capital Gains Tax on sale of land

My mother had in 1995 purchased a plot in Bangalore for Rs 1 lacs. We are looking to sell land for Rs. 30,00,000/-. My mother is approx 55 - 59 years old. Please inform if we need to pay income ...
1
vote
1answer
46 views

Is there an income tax liability for an Indian receiving remittance from a US-based Company?

My son is studying (for his undergraduate degree) in India and he has an Education Loan also. He works for US-based company as an intern, and he is getting a stipend. The stipend is remitted by the ...
0
votes
1answer
235 views

My account was charged for not maintaining the minimum balance. What should I do next?

I had a salary account in a nationalized bank for my two months of summer internship and then it got converted to a savings account. The minimum balance (monthly average balance) required was 10000 ...
0
votes
0answers
96 views

IRS Scammer-Do I need to contact police or lawyer? [duplicate]

I just received an phone call from the "IRS." I thought maybe it was the IRS since it was coming "from Washington." I had a hard time staying on the phone with them ironically. However, I accidentally ...
0
votes
1answer
729 views

If my friend wants to transfer 1 crore into my account through RTGS, what do I have to do?

My friend transfered 4.8 lakh of rupees through neft in my saving account. What will happen after ? Can I get a tax notice? What should I do now, If my friend wants to transfer 4.8 lakh into my ...
2
votes
1answer
1k views

How do I declare my profits in binary options while paying income tax?

I'm from India and have been trading in binary options for a while now, and have made some profit which I will be withdrawing through an e-wallet (Skrill/Neteller). Under what section do I declare my ...
1
vote
1answer
31 views

Market capitalization of BSE 100

What fraction of the monetary value of stocks is represented by BSE 100? (For comparison, I remember reading that NIFTY 100 represents market cap of 77%) I tried searching online, but could not ...
0
votes
1answer
32 views

Question regarding closure of demat account in India

I have a Kotak Securities demat account in India, which I have not operated since November 2015. It is linked to a Kotak Mahindra Bank savings account which has ZERO balance. What will happen if I don'...
2
votes
1answer
855 views

INCOME TAX E-filing - post office saving bank IFSC code? (AY 2017-18)

My query is regarding IFSC Code for Post Office Saving Bank. I tried to find everywhere including visiting the bank but they say they have no IFSC Code. Now as per the new income tax form (ITR 1) (...
3
votes
1answer
123 views

Is it possible for credit card companies to check credit score in India?

I had two credit card applications rejected with the following reasons: ...as your application is not in line with our existing credit policy. ...as it does not fulfill our internal policy ...
2
votes
1answer
27 views

Bank details in Tax returns ITR1 - AY 2017-18

In ITR1, Under Tax paid and Verification, it says to give all Bank Account details. I am from India, and have 3 bank accounts, 1) Bank of India, 2) Karnataka Bank Ltd, 3) Punjab National Bank. I ...
2
votes
1answer
115 views

Ultra Short term Debt funds vs Savings Bank Account (India)

Is it advisable to transfer my entire monthly salary into a short term or liquid fund and make withdrawals for EMIs, SIPs, paying bills etc at regular intervals? Can I make multiple withdrawals in a ...
0
votes
1answer
5k views

Income Tax Returns using ITR1 and no TDS2 details available

In ITR1, (Income from Other Sources (Ensure to Fill "Sch TDS2") (AY 2017-18.) My FD interest, and Savings bank interest, (Income from Other Sources) total below Rs:- 1,90,000/- in (AY 2017-18.) Since ...
1
vote
1answer
247 views

How to buy a flat with a loan from NRI friend

I am intending to buy a flat worth 60 laks rupees in India, I am an Indian Citizen. I have 35 laks rupees in my bank (sale proceeds of a flat) and I want to fund the remaining 25 laks as; 15 laks ...
1
vote
1answer
80 views

H1-B : How to invest money outside the USA

I am an H1-B visa holder in the US. I would like to start investing some money here in the US and also in India, my home country. Are there any IRS regulations I should be aware of when sending ...
1
vote
1answer
242 views

Unable to sell DWEKAM

I am trying to exit DWEKAM shares position. I tried the AMO option before market starts but still my 20000 shares are not sold. Daily I am going in huge loss. Any pointer on this will be useful.
2
votes
2answers
303 views

Tax liability for NRI's in the US on rent from House in India and investments

Rent If the rent earned from house in India comes within exemption limits and no tax liability is there for the NRI living in the US, does the NRI need to pay any tax in the US (reference-DTAA)? ...
1
vote
1answer
105 views

What are the taxes for trading debt/equity in India?

I'm learning about the trading process on India stock exchanges BSE/NSE. I came to know there are lots of taxes like Securities Transaction Tax (STT), Stamp Duty, Turn-over tax, GST apart from the ...
1
vote
1answer
177 views

Home loan repayment: Indian inflation rate vs Interest rate vs Investment in USA

I am getting a home loan in India for 8.65%, 30 year term. I work in USA in H1B visa for a US based product company. How should I go about the repayment: Accelerated - say 6 to 7 years Full term - ...
0
votes
1answer
230 views

What to do if the stock you brought are stopped trading

I brought 100 VBIND Stocks and stopped trading since 7th Aug 2018. The Stock is also not showing under zerodha profile holdings. When I look into q.zerodha.com it is showing as NA. How to get at ...
1
vote
1answer
108 views

What are the tax implications for a friend to whom I transfer 15 Lakhs directly from USA via Xoom or through my Indian NRO account?

If I transfer 15 Lakhs to a friend's Saving Account who has no source of income, directly from Xoom or from my Indian NRO account. Will my friend be bothered by income tax department? What are the tax ...
2
votes
2answers
507 views

India : Tax on bonus amount

My current employer is giving me a bonus which I may be required to return in the future when I change companies based on a bond agreement of a certain tenure. Is accepting the bonus amount and then ...
0
votes
1answer
249 views

Unable to receive money from MoneyGram

I'm an Indian citizen and last time my Australian friend had sent me some cash through money gram. But I was unable to withdraw. MoneyGram said that the person sending money should also be an Indian....
1
vote
1answer
76 views

What are tax rules for recieving money from japan

I live in India and if one of my friend from Japan send me money in my account. Is this taxable for me. Is there any limit for receiving money from Japan to India from person other than blood ...
2
votes
1answer
86 views

india : income tax liability on leaves encashment

I have changed my job from a govt company to a private company. At the time of final settlement in the govt company, I have got some money as leaves encashment. Am I liable to pay income tax on that.
1
vote
2answers
837 views

I contribute to 401k. If I go back to my home country India, what taxes will I have to pay?

I am on H1b visa and contribute to 401k. If I go back to my home country India, what taxes will I have to pay in both US and India? For the financial year 2017, the lowest tax bracket is $9,325, so I ...
1
vote
1answer
50 views

Can I get a loan on my home by mortgage I am a pensioner and son is in states

I am looking at a loan of Rs 15 lakhs on my home. I own a property in Kalyan. I am a pensioner. My son will repay he is in United States
1
vote
1answer
92 views

Send money from USA to India and use that money to buy shares on my name

I am NRI and I have NRE/NRO account. I want to transfer money to my parents in India. What would be the best way to transfer money (send money to NRE account or send money to my parent's account)? ...
1
vote
1answer
473 views

Transfer from family's resident savings account to nro account

I am an NRI working in Singapore. I have recently opened an NRE & NRO account. I understand it's illegal for me to now hold a normal savings account in India. I have cash that is to be transferred ...
2
votes
1answer
448 views

Transfer of money from India to US for my son's education

I am currently an US Citizen. I am selling a plot of land that I own in India to an Indian resident. From the proceeds I would like to purchase an apartment in India for my parents use. Would like ...
1
vote
1answer
248 views

How to enter income from Other sources in ITR [closed]

I am trying to fill my ITR for 2017-18. My tax deducted on salaried income matches with the TDS1. There is additional tax deducted TDS2, which makes the total tax deducted to be higher than tax ...
1
vote
1answer
49 views

India short term capital gain tax on portfolio or individual trades

When I make profit on one trade and loss on second in same day (both intraday trades), do I pay tax from profitable one (and from whole profit) or I pay tax from difference between profit and loss? I ...
1
vote
1answer
103 views

Simultaneous long/short India

I know its not legal to have open long and short position on specific security (on two stock exchanges - NSE/BSE), but where exactly is this restriction defined (SEBI regulation? where can I find it?) ...
1
vote
1answer
196 views

Equity derivatives intraday short selling in India (NSE/BSE)

Am I getting it right that in India in terms of short selling in F&O market its what in the rest of the world is called naked short and you actually make promise to depositary that you will ...
-1
votes
1answer
94 views

Transfer from a NRE account to Ordinary Account

Suppose I transfer a amount from my Aunts NRE account to my Bank account India. I then repay this amount to my Aunt in her US bank account after a period of 2 months. I will show this either as a ...
2
votes
1answer
82 views

Home Loan rebate in Indian Income tax

I had taken a home loan in Jul 14. Took possession in Mar 16. Since the loan was partially disbursed I was paying the Pre-EMI’s till Feb 16. EMIs started from March 16. YEAR PEMI INTEREST ...
2
votes
1answer
450 views

Can I open a savings account in India with the salary I earn in UK?

I am an Indian national who recently moved to UK for a job and found out that the interest rates here in UK are abysmal. The rates in India are much higher. Almost tenfold. Can I transfer the salary ...
0
votes
2answers
50 views

NRI Feelacing for a European coutry outside India

Does a Non Resident Indian freelancing for an European company , but getting paid in Indian account, have to pay Indian Income tax.
1
vote
2answers
221 views

Tax exemption on personal loan interest component in India

I have taken personal loan for my father business and home construction. The land is on my mom's name. My father is cosigner for the loan. Am I eligible for the tax exemption if yes then under which ...
2
votes
1answer
3k views

TDS2 column 3 “Amount which is subject to tax deduction”

Please help? I don’t get to see it—what to fill for the TDS2 column 3 “Amount which is subject to tax deduction”. Is it to fill there the FD Interest amount (= 54000, on which the TDS is made)
0
votes
1answer
71 views

Transferring money from the US to India after students visa is over

I am an F-1 student in the US. I am going back to India when my studies get over in a month. I have around 25000 USD in my bank account. I need to carry that amount to India, but I don't have anyone ...
0
votes
1answer
301 views

Property sale in India and transfer money to USA to invest in property

I have a property selling in India to another NRI who is willing to pay money to my NRE account in India and transfer to my USA bank account. Can you guide me what and how to work on this issue in ...