Questions tagged [india]
For questions that relate to the laws, practices, and products of India
1,397
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How is interest in my bank account calculated?
I am a software professional. I have one question. How do banks calculate interest on money deposited, if I get, say, 10% per annum?
Say I deposit say Rs.1000 on the 1st day of the month; then I ...
- 121
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2
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316
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Minimum lock-in period for ULIP to avail tax benefit
What is the minimum lock-in period in ULIP to avail tax benefit in India.
- 215
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2
answers
1k
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Go for Fixed or Floating interest in Mortgage
Which type of loan is best, a Fixed interest rate or a floating interest rate?
In India most banks offer mortgages that start with a 12% floating rate or a fixed rate mortgage with a 13.5% interest ...
- 215
13
votes
2
answers
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Indian citizen working from India as freelancer for U.S.-based company. How to report the income & pay tax in India?
I am an Indian citizen and I work from India as a freelancer for an U.S.-based IT company. I am getting monthly payments directly into my Indian bank account. My colleagues' monthly payment come to my ...
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1
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474
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Which USA Brokerage Firms can I transfer my India stocks to? [closed]
I would like to know which US brokerage firms I can transfer my India stocks to, after finding out my current brokerage (TD Ameritratde) requires doing so...
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2
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198
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Is there any kind of unsecured stock loan?
I am interested to buy some shares in the future. Can anybody tell me is there any kind of stock loan which doesn't need collateral?
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2
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What are possible ways to transfer money from India to other countries and getting transferred from other countries to India?
Lets assume I want to send huge amount of money (in millions) from India to other country say United States and vice-versa and to be specific transferring online.
- 549
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4
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1k
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What is Loan to Value Ratio?
Suppose if I am taking a $50,000 on loan for home or for car or for anything,I have read it many times that LVR is 85% or 80%.what does it mean actually?
Is it applicable for Indian citizens too?
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337
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How can a resident Indian buy and hold physical gold/silver at BullionVault?
Is it legal for an Indian resident to transact at BullionVault? Are there any tax implications? While BullionVault allows deposits from international banks, it only does so in dollars, pounds or euros....
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2
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252k
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How do I send money from account to account using an ATM, within India?
I would like to know how to transfer money from an account to another account, using an ATM within India, which banks allow to transfer money.
If we cannot transfer money from account to account in ...
- 549
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2
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Cashing a foreign check in US
Is it possible to deposit a check issued by a foreign bank in a US bank?
To be specific, I would like to know if I can deposit a check issued by a bank in India in INR in my bank in US. I was able to ...
- 437
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616
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What is an IRA and is it applicable for Indian citizens?
Is an IRA useful for Indian citizens? What would an IRA be used for, and why would I want it?
- 549
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1
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1k
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How prematurely can one withdraw from NSC?
I have purchased NSC in April 2011.
I would like to withdraw the same. Is it possible? If yes what procedure do I have to follow?
Also tell whether the same can be withdrawn from any one post office ...
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5
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5
answers
3k
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Moving back to India in a few years. Should I keep my savings account in the U.S. or in India?
My savings account in the U.S. says that it gives me an interest rate of 0.01% and it comes with a lot of restrictions (like limiting the number of transactions per month etc.), and checking account ...
- 437
3
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1
answer
475
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Deposit insurance in India: Is the limit per deposit, or per individual?
Is the deposit insurance of 1 lakh, per deposit or per individual (PAN)? If it is per deposit, would it be better to have for example 4 FDs of 1 lakh each instead of one FD of 4 lakh? (Of course it ...
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97
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Is it possible to get a short term housing loan in India?
Suppose I want to pay for a house with my own funds expect that they are stuck in deposits that I can't redeem immediately. Is there any way I can get say a 40 lakh loan for a tenure of 1 year?
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How can I trade in U.S stock exchange living in India by choosing the broker in U.S? [closed]
I would appreciate if you kindly suggest an answer for this question.Anything incomplete in this question should be assumed.
And also please suggest which is the best brokerage firm/broker for this ...
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1
answer
320
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SBI term deposit versus SBI bonds
For an investment of couple of lakhs over a period of 2 years, what factors should I consider in evaluating these investments side-by-side?
buy SB1 term deposit at 9.25
buy SB1 9.25% N1 bonds from ...
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4
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2
answers
1k
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My friend found out about FBAR some time after the fact. What can he do now?
My friend sold a property in India and he has funds in his bank account in India. He was thinking about either buying another property with that money to avoid taxes or something like that. (You have ...
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1
answer
1k
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How do you reject (dispute) a credit card debit transaction in India?
Have you ever been able to successfully reject (dispute) a transaction on your Indian credit card on the grounds that you did not authorize it? (results in a charge back to the merchant).
How do you ...
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3
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2
answers
1k
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What are the monthy investment options I have that has good return value in India?
Like the title says, what are the investment options I have if I need to investment monthly from a part of my salary on regular basis. The parameters I am looking for are;
Good percentage of interest,...
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2
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710
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How to find a good financial planner in India [closed]
For last few months I am looking for a god financial adviser but cound not found one here in India. I read This SO question but this is not about India. Is there any directory or associations of ...
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1
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2k
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What is the criteria for zero interest on self assessment tax?
Say I owe total tax of Rs.1 lakh for the assessment year 2011-12. Of this say I have already paid 90k via TDS and advance tax. If I pay the remaining 10k in July 2011 just before filing returns, will ...
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17k
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How to send money from my Indian bank account/debit card to my PayPal account?
I have a verified PayPal account which I'm using for the last 3-4 yrs.
I want to buy a book from a web site, but PayPal is the only option listed for payment.
I have money in my bank account, but I ...
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3
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3
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184
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Is travel insurance only for when we go to outside country by Air or it can be also in within country?
Is travel insurance only for when we go to outside country by Air or it can be also in within country?
What is the benefit of Travel Insurance if I'm already having Life and Health Insurance?
Is ...
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5
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3
answers
47k
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What is the difference between Health, Medical and Life Insurance (India) and Which one I should take my self and which one for my wife?
What is the difference between Health, Medical and Life Insurance (India) and Which one I should take my self and which one for my wife?
I want to take insurance for safety + tax saving purpose. What ...
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11
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3
answers
4k
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How can a freelancer get a credit card? (India)
I work freelance for clients, in other countries, and paid via Paypal and other methods. When I applied for a credit card in my country, it was rejected.
They mention as I don't get a salary and I ...
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2
answers
749
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Daily basis interest calculation on Indian savings accounts
I had read that RBI had instructed banks to calculate interests on daily balances from 1st april 2010. Has this been implemented or shelved? I haven't noticed any difference in my interest credits.
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4
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2k
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How can an Indian citizen get exposure to global markets?
Other than investing in sundry international equity funds, is there a way for an Indian citizen to invest in global securities? Is it possible for example to buy shares of Google?
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1
answer
96
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How many 5-year extensions are allowed on a PPF account?
Once your PPF account completes 15 years, I understand it gets extended for 5-year terms. Is there a limit on the number of such extensions?
- 597
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2
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Fixed tenure fund versus fixed maturity plan
Is there a difference between a fixed tenure fund and a fixed maturity plan? For instance this page on valueresearch lists both under the title FMP.
http://www.valueresearchonline.com/funds/fmpnfo.asp
...
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2
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3
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1k
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Compounding frequency for Recurring Deposit account at ICICI Bank?
Does anyone know the frequency of compounding of a Recurring Deposit account at ICICI Bank? It isn't mentioned anywhere in their website and looks like they are conveniently hiding the fact.
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278
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Should I think of investing in infrastructure bonds right now?
I am a newbie as far as investment decisions are concerned. I will put a more detailed question later. Right now, I need to declare my investments for this financial year in advance. I will certainly ...
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1
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Foreign tax credit
I was a student in one of the universities in Texas before I graduated in Aug 2010 and moved back home to India. However since June 2010 till date, I have been working with a US based company.
...
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1
answer
3k
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My company didn't pay taxes on my behalf
I have filed tax returns based on form 16 I got from my employer. To my surprise I get a letter from it tax department stating my claim of filling tax hasn't been found in their records and they are ...
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votes
1
answer
251
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Better LIC health insurance plan? [India]
I have just started working. I have a plan of taking a insurance for myself
where I could pay a maximum of Rs.2000 as premium.
Can any one suggest how I should go about finding a better policy for me?...
user3246
2
votes
2
answers
184
views
Are there good ways for an Indian company to wire money to an individual in Mainland China?
Are there good ways for an Indian company to wire money to an individual in Mainland China?
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3
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3k
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Interest rates on fixed deposits in India: Why would rates for 1 year deposits be higher than for 2 years?
Currently, in India, banks are offering very high rates on Fixed Deposits (FD). What I am curious about is that the rate is often higher for a 1 yr lock in period than a 2 yr lock in period. I would ...
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What are the tax liabilities for an Indian citizen working in the US?
I have an opportunity to work in the US for a period of 1-2 year.
as I have gone through the link, it suggest I don't have to pay any taxes in India as it is already included in federal tax.
I am ...
user2967
3
votes
1
answer
3k
views
In India, does a company compulsorily have to file income tax on my behalf?
I work in an IT company in India. I get my monthly salary after monthly tax deduction as per TDS law. The tax filing deadline as per Indian government is 31st July, but my company has a deadline for ...
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2
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1
answer
244
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Does India require its citizens to report income wherever they reside and earn (abroad)?
I have read that:
"The U.S. requires its citizens to file tax returns reporting their earnings wherever they reside. However, there are some measures designed to reduce the international double ...
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3
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3
answers
5k
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If I am Indian citizen residing in India but earning through online freelancing in US dollars, to whom do I pay taxes?
Say I am an Indian citizen and residing in India and earning through online freelancing software programming in US dollars. Which government do I pay taxes to?
Do I pay some taxes to Indian ...
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12k
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If I am Indian citizen residing in US and earning there, do I have to pay taxes to India?
Say, I am an Indian citizen and living and working in US, do I still have to pay some taxes to Indian government? My first thought is why should I be paying taxes to Indian government because neither ...
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2
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370
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PPF / NSC inquiry eligibility
I have a 2 year old daughter, US citizen by birth. Can we invest in her name in PPF (Public Provident Fund) or NSC (National Savings Certificate) ? Both parents are Indian nationals.
user2692
7
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2
answers
4k
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What is the difference between PPF and NSC saving schemes?
I want to invest money in either a PPF (Public Provident Fund) or NSC (National Savings Certificate) scheme, but I would like to understand the differences between them.
jeevan
7
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4
answers
2k
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In India, what is the difference between Dividend and Growth mutual fund types?
I've always seen a mutual fund with two types (specifically pointing to Indian mutual funds) that are XYZ - Dividend/XYZ - Growth mutual fund? What exactly they mean here?
Which is the best to buy?
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votes
9
answers
21k
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How do credit card companies make profit?
How do credit card companies make profit by giving us credit for 40-50 days (India). I purchase something on my credit card and I pay it to the credit card company after some days. How are they going ...
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