Questions tagged [india]
For questions that relate to the laws, practices, and products of India
1,397
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Is it possible for foreigners to buy Indian stocks?
Is it possible for a person who is both a non-resident and non-NRI to buy Indian stocks? I am specifically interested in buying stocks listed on the NSE and BSE. Are foreign retail investors able to ...
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PINS Demat account for NRI
I learned from other questions on this forum that an NRI has the option to invest in individual stocks in India through a PINS Demat account. Is this a recent development? I was told by my broker in ...
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Certificate of net worth
Why is it that in India a certificate of net worth is required to open a trading account? Why do the tax authorities need to know what one's net worth is in order for one to be able to open a trading ...
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doubt regarding cash flow statement of bajaj finance?
I need a little here understanding this cash flow for Bajaj Finance. The cash flow here from operating activties is in negative and goes on increasing in negative value. While that for financing ...
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Claiming tax credit on non-US income
For tax year 2019, I meet the substantial presence test and so am planning to file my US taxes as resident alien. I left the USA on 1/31/2019, and started working for an Indian company in July 2019. ...
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Indian taxation on US assets after returning to India
I left for the USA in January 2008, and returned to India for an extended period of time on 1/2/2019 with earlier short visits of 15 days each in 2016 and 2018. I started working for an Indian company ...
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W-8BEN and 1099
I have been a non-resident alien for a while with my residence now being in India. Previously, it was the USA. I understand that I am required to submit W-8BEN to my broker. Right now, I don't see any ...
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What kind of agreement needed to work as a contractor for UK company from India
If I want to work for UK company as a contractor from India (Remotely Software developer) then Do I need to Make any legal agreement in India or UK?
user98495
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NPS Tier-1 Account
If the present fund value is less than the total invested amount in NPS-Tier 1 account and we change the scheme preference(I mean change the % allocation in Scheme E,G,C) then do we have to book ...
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How gold funds can give different profit
I am looking at different gold bonds available in India, and came across some top performing funds from etmoney site.
I got a doubt on the profits generated by these funds. If they invest the money ...
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Indian health insurance incurred claims ratio
I was trying to calculate the incurred claims ratio for the New
Assurance Assurance Co. (an Indian insurance company) for health
insurance from the company's public disclosure information. This seems
...
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What causes the stock price to go really high even if the number of daily traded stocks are very low?
I was checking out a stock named Ruchi Soya, that went from 18-25 to 480 in maybe 2 months. But the daily traded stocks are very less in number. There were days the stock price hit the upper circuit ...
- 115
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Historical telegraphic transfer buying rate for a currency to INR
The rate of exchange for conversion into rupees of income expressed earned in foreign currency should be the "telegraphic transfer buying rate of such currency as on the specified date" as per the IT ...
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NRI loan repayment in India
One NRI took loan from me (also NRI) in Saudi Arabia, but about 2 months ago left for good to India.
Now he has no option but to pay me in India, this money that he will transfer to my account may ...
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How to find total equity from balance sheet of a company?
I was looking for balance sheet of a company to know about it's total assets, liabilities and equity price. I tried apply basic formula to get equity, which is 'Assets = Liabilities + Equity'.
But, ...
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Can long term capital loss be claimed in India when shares are moved to escrow account for dissolution
I am an Indian resident taxpayer. I had shares of Yahoo which were traded as Altaba Inc. (AABA), held for more than 4yrs in a US demat account. The company has filed for dissolution last year and ...
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Depreciation of software with expiry in india ITR3
I need to know this answer to prepare for filing my ITR3 in India.
While softwares in general are depreciated at 25%, as an intangible asset, how should a software with expiry of 3 yrs be depreciated?...
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Can I place a limit order to buy a stock below 25% of current market value
In Indian Stock market, Can I place a limit order to buy a stock below 25% of current market value as Good for 6 months on HDFC Securities platform?
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Transfer funds to India moving permanently [closed]
I am moving to India permanently in next 2 months from USA.
What are my options to move my funds from USA to India considering I do not have NRE account. i.e. Is it mandatory to have NRE account?
...
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Understanding overnight debt fund portfolios
I'm trying to understand the differences between overnight funds and a bank savings account
or fixed deposit in terms of safety. These are both common ways to park money for short
periods.
I know that ...
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Mutual Funds Investment advice needed for beginner
I am planning to start investing in mutual funds now. I am a beginner and young(28). I plan on doing investments as a lump sum and SIP. I plan to invest 5 lakhs via lump sum now and SIP of 20k per ...
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Term Life Insurance premium vs Interest/Inflation rate
I am thinking of buying a term insurance plan for myself in India and am 28 years old.
My premium per year to be paid for a period of 10 years and coverage till 99 years works out to be 111,213 INR. ...
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SIP returns are negative due to COVID-19
Today, I checked all of my SIP accounts. I was shocked to see that the absolute returns for all of the schemes that I have been doing for the past 5 years are negative. It is because of COVID-19.
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What does Series: RR mean?
If you look at the stock of Embassy in NSE it has a "-RR" written after it (not there in BSE for some reason) and the NSE website shows it as being in Series: RR. I could not find any references to ...
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Are foreign banks in India safe?
This question is about the safety of foreign banks operating in India. I don't know how much people who are not familiar with Indian finance will be able to tell me, but I think it is on topic for the ...
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Can't transfer EPF account due to pension contribution not present
My previous employer has not submitted pension contribution for the initial months of my service. Now I can't transfer/withdraw my EPFO balance from my old PF account to my new PF account under the ...
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Tax on US income for work days spent in India
I moved to US in 30th-May-2019 on work visa and I spent 3 weeks working in India in December (my salary was still generated in the US)
Would some of my US income be allocated to India in this case? ...
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Understanding Indian insurance claim statistics
I'm in India, and I'm currently trying to understand the accounting (i.e. simple arithmetic) of the Public Disclosure information of Indian insurance companies. The context is that I'm trying to ...
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Tax Residency under FATCA and CRS
I am an Indian citizen and a PR holder in Germany. I am opening a depot account in Germany and there is a question about Tax residency. I would like to know if I am a resident for tax purposes only in ...
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Spike in trading volume in Sensex - 1st Feb 2019
I won't pretent to be an economic genius because I'm not. I'm trying to plot some data in a graphical format for a friend of mine and while working on the project I noticed something strange. From ...
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Yes Bank Vs State Bank Of India [closed]
I recently heard the news of Yes Bank Failure. When I compared the some of the Financial Ratios of the Yes Bank with that Of SBI then Yes Bank seemed to perform better(also better than many of the ...
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Tax status decision
I left the USA for India on 1/31/2019. I was present in the USA in 2018 but for 15 days, and for the whole of 2017, and in 2016 except for 15 days. Will I be classified as a resident alien, non-...
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Why don't American Mutual funds offer SWP's?
Indian Mutual funds have a feature called SWP [Systematic withdrawal plan]. It's a feature that enables an investor to automatically withdraw the appreciated amount or a specific amount periodically[ ...
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I bought a product of 100$ at INR 7000 and did refund. Now I got INR7100 . From where INR 100 came?
I know this must have happen due to the fluctuation of dollar rate with respect to INR. But the point is that 'I got INR 100 extra and company refunded only 100$. So company is not in loss I am in ...
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Investing in US Stock market from India
I am from India, want to invest in the US stock market, what article and % should I use in W-8 BEN for Tax Treaty, I checked IRS but was not able to find the correct article.
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How to calculate the share price after stock dilution, when the company is being taken over?
Currently, YES BANK might be taken over by SBI, and RBI has announced that SBI will get 49% equity at no less than 10 rs per share. YES BANK shares are currently trading at 16.60. There are currently ...
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Transfering from existing Indian account to NRE account
I have a normal Indian bank account, joint with my mother. Now, I wish to open an NRE account as I no longer live in India.
How can I transfer money from this existing Indian account to the new NRE ...
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Tax implications for sending and receiving money from India
I am planning to send $40000 to my friend in India. After few months, he plans to return me the same amount.
What would be the tax implications for both of us in India and USA?
Thanks in advance!
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Capital gains tax for US NRIs for stocks/MF in India
I am an NRI who is a tax resident of USA. I use TurboTax to file my taxes. Irrespective of the filing software, can someone help me understand my tax liability as well as reporting for MF redemption?
...
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How do I read my payslip?
What will be my in hand salary for the following structure?
Basic pay: 15600
GP: 6000
DA: 9720
Pension: 1139
EPF: 1800
...
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How can enough money legally be transferred out of India to meet the investment requirements for the US EB-5 visa?
The current Liberalized Remittance Scheme only allows transfers of $250k out of India, however if an Indian wants to apply for EB5 in US or abroad which is close to a $1million, and not married with ...
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Is it legal for resident Indian to invest in abroad & receive fixed returns in dollars?
I was non-resident Indian until last financial year and I still hold an NRE account. I want to invest abroad through a known friend & receive a fixed return in US dollars.
Is it legal for me to ...
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Online Hackathon prize money taxation and exceptions
I've participated in one of the Hackathon competition on DevPost and won the prize amount of $3000 USD.
However, the claiming section asked me to fill-up the W-8BEN tax form as I'm not a US resident. ...
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ULIP investment
I am from India. I have a ULIP(Unit Linked Insurance Plan) which Premium cost me Rs X00000 per year which I started in June 2019. Plan name is ICICI PruSignature.
The plan is for 5 years and I have ...
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What happens if I don't sell my shares of a company that's being bought out?
My question is specific to an Adani groups acquisition of a majority stake in the company Snowman Logistics (both are companies in India).
I have shares in the Snowman Logistics company.
What will ...
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Investing in ELSS schemes
I am currently a graduate student in India, who is a little concerned about his financial stability after the graduation, so decided to start investing some of his scholarship/stipend in Mutual Funds, ...
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What is the difference between claims repudiated and claims rejected in IRDAI Annual Report?
Insurance Regulatory and Development Authority is a autonomous body regulating insurance industry in india. It releases an Annual Report every year for providing some statistics and data from industry....
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Mutual fund tax exemption SBI
I have a SIP investment with SBI TECHNOLOGY OPPORTUNITIES FUND Regular growth. Can I show this investment for tax exemption ?
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Is a foreign equity holder liable for business debt?
I'm an Indian citizen residing in India. If I get 20% equity in a US company, am I responsible for the company's debts (current and future debts)?
Note that this is a sweat equity (no money invested)....
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Would I need to pay taxes for crossing border with a Violin outfit?
I want to buy a violin outfit (aka "set": violin, bow, and case sold as a unit) from India and take it back to Bangladesh. Do I need to pay taxes for the newly bought violin?
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