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I don't think you need to pay if the amount is less than Rs 100. Check out the fine print if any. The way you pay is same as advance tax. i.e. via NSDL website. Ensure you select the payment in response to 156 and select the correct assessment year.


1

Income earned outside India by NRIs is not taxable in India. When your brother transfers money from abroad to your account in India, he should create appropriate documentation (in duplicate) that this is a loan to you, sign both copies, and send both copies to you. Sign both copies yourself and send one copy back to him. Thus, you both have proof that this ...


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You need to check with the Bank to determine if the account is "Either - or- survivor" which means that either party can make any change to the account. If the account was created with one party being under-18 then some additional restrictions apply. Your best bet is to contact the home branch.


3

They have defined a rule to benefit low income people. Your father's salary comes closer to that. In that case, you can talk with University and tell them that your father salary is very slightly higher than the suggested salary and try to get waive off. Also, you can tell them that even though gross salary is this much, after tax the net salary is this much....


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The obvious way would be your dad going to his employer and ask to work for less money. Unless the employer cannot pay less for some legal reason, or there is a totally inflexible bureaucracy, that should be no problem. Also check what exactly their rules are. Is it really “gross income”, not for example “taxable income”?


1

You will need to state the withholding rate as 25% citing the clause you have included in your question. You can't have the foreign broker withhold 25% of the dividend and claim it on your Indian return. As far as I know, when you file your US return as a non-resident (1040NR or 1040 NR-EZ), you should calculate your taxes as per US tax brackets and should ...


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So NSE has various series of different securities for trading on different trading segments listed on stock exchange. To ease up identifying the correct series & settlement segment of securities they have a table called legend of series. These series & legends are mostly useful to identify the most appropriate series, trade settlement market segment ...


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The technical term for it is a "deduction from taxable income" you have to disclose the EMI and rent with proper proofs to you employer and once they enter this into their payroll processing system your TDS amount deducted will reduce to the extent of the deduction allowable under the tax laws applicable for the year. Most employers have a online ...


1

IRA distributions can be considered and reported as pensions if taken as periodic distributions and not a lumpsum payment. However, if it's not being considered as a pension due to some reason, you can rollover the IRA into an annuity which should more likely be distributed tax-free to NRAs in India and taxed in India as ordinary income. See the tax rates at ...


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Before I answer, Insurance agents are never friends. Ask for policy wording and check for the same on website. Quite often the example shown are indicative but are sold as guaranteed returns. Assuming the numbers are true, the best way to calculate is find the returns and compare a similar returns from Banks. I.e. both offer similar low risk. In the first, ...


14

For clarity, in case this helps someone: It's an extremely well-known, very popular, scam (in India and elsewhere). It's totally common to get 3 or 4 calls with this particular scam each month. Completely ignore it.


17

If you mean "recharge" as in add more money to your phone payment account, then this is 100% a scam. For the following reasons: The phone provider will most likely not call you asking for personal details to apply a payment. Even if they did call to tell you a payment is due, it would either be an automated message that says "your payment is ...


1

You can't have 2 debit cards, it's likely that either the first one has expired or you have requested an upgrade, you have a new debit card. The limit on the new card will apply.


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Foreign Capital losses cannot be offset against ordinary income. They can only be offset against foreign capital gains.


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EPF and EPS are linked. Some organizations only provide EPS. If organizations participate in EPF, it's mandatory for EPS. So you can't selectively opt out. You can cash out the EPS when transfer of jobs if your are not joining any job.


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