Questions tagged [india]
For questions that relate to the laws, practices, and products of India
1,397
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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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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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376
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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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In Indian ITR e filing, can I include the advance amount for rent declaration?
I'm trying to submit an ITR efiling for fY 21-22.
I have rented a house from March to December 2022 with rent at 10500.
I then moved to another house from January and am still residing in that house ...
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48
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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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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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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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6
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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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2
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120
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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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52
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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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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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57
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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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1
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62
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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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38
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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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2
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137
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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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132
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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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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
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1
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49
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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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51
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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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2
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92
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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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2
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3k
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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
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1
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110
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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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1
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1
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183
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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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1
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94
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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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1
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211
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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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214
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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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49
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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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79
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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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182
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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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101
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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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190
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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
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1
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120
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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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3
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0
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185
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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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133
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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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111
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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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47
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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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3
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125
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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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2
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303
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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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93
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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
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140
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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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78
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How can I know if some of the money in my bank account is blocked and not available for withdrawal?
I am a resident of India and have a savings account opened with HDFC bank. Recently I applied for an IPO for which INR 14K were blocked from my account. The IPO was not allotted to me and hence the ...
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3
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437
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What is the best place to park the money while waiting for a sizable future market drop?
For the past few years I have been investing in equity mutual funds via equal monthly installments (dollar cost averaging). With last year's drop in the market, I was willing to put a lump sum into ...
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10
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7k
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What is the worst thing that can happen with my investment in mutual funds?
I have downloaded two apps namely Groww and ET Money to see the various Mutual Funds available in the market. The disclaimer reads that Mutual Funds are subject to market risks.
I am curious to know ...
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215
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Can 80G donation made in spouse name be claimed?
I have paid for a donation from my account to an organization that has 80G exemptions for its donations. However, the donation is made in my wife's name and the receipt has my wife's name. Can I ...
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167
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Is buying a mortgaged property profitable?
I am planning to buy a property and wondering if this property is worth buying.
A. Price of property including everything: Rs 45 lacks
B. Down payment: Rs 5 lacks
C. Loan/Mortgage (C = A-B): Rs 40 ...
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0
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0
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75
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Freelancing from India to USA Employer - Upwork or USA Local Bank Account?
We are a Private Limited Company based in India. Recently I was working on Upwork with our client and now they are willing to work directly with us.
We have 2 options for payment :
Continue Upwork (...
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1
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40
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Does Leave Travel Allowance claimed for one calendar year includes the return fare?
Suppose between Sept 20, 2021 and Sept 23, 2021, I travel from Mumbai to Chennai having ticket cost as Rs.6000 and back to Mumbai having ticket cost as Rs.5000. So, while filing LTA for the FY 2021-22 ...
0
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1
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79
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How is the Professional Tax which I pay is used?
Doing a quick research on Income Tax, I found this on:
Government utilizes this revenue for developing infrastructure, providing healthcare,education,subsidy to the farmer/ agriculture sector and in ...
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