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1

What you're referring to is the long-term vs the short-term capital gains tax rate, which depends on the income bracket you fall into. For residents, the long-term rates can be 0%, 15%, or 20%. The short-term rates are treated the same as normal income. Non-residents are subject to a withholding tax of 30% on dividends, but you get 15% because of a tax ...


1

If you legally owe them the money (because you bought something and received it), they can try to charge your card anytime. If your card doesn't exist anymore, they can contact you and ask for other form of payment. Your debt doesn't simply go away because they neglected or delayed for whatever reason to collect it. Many countries do have a statute of ...


1

How important is Life Insurance? How much of my income should I invest, if at all? Life insurance is important. It should be for an amount that will replace your income for your dependent. There are quite a few questions on this site, please browse through. At your age you should opt for max equity offered at NPS, currently at 50%. PPF and ELSS are both ...


0

PMAY scheme will be implemented between 2015 - 2022 and the central govt will provide credit linked subsidy. To get straight forward answer, you need to answer Are buying house for you or for your father? whether you are located in urban area? What is the plinth area of the house you are going to buy? Having a house in your father's name doesn't make ...


0

According to Wikipedia, PMAY Schemes Eligibility criteria says: The beneficiary should not have an own dwelling unit on the name of any family member in any part of India In short the answer for your question is NO, you are not eligible for the scheme. You can reach PMAY officials at the toll free numbers: Gamin:-> 1800116446 Urban (NHB):-> ...


0

A Savings account need to be converted to NRO. You cannot convert it to NRE. Failure to do so is violation of Foreign Exchange Management Act


2

So long as you don't have transactions (specifically international) the banks may say that you should convert your account but won't be able to enforce it. And then if there are no transactions at all then the bank may initiate steps to deactivate the account and you'll start getting notifications saying so. Now if you do live outside India you may at some ...


2

I had to follow these steps Apply for ITIN first, takes almost couple of months Apply for 1040-NR as recommended by @Heath For the delayed process, file penalty + tax


0

D Stanley is right that statistically it is better to invest lump sum now than invest your money over time. You however also need to think about what is better psychologically for you. let's say you invest all your money now and the market loses 50% of its value in the next six months. Are you able to handle this? Will you keep your money in the fund or ...


2

What you have learned is that in seven years your ability to pick stocks hasn't been very successful compared to the average market. That also means that your ability to time the market isn't much better. In the past the advice would be to slowly change the makeup of your portfolio, but the advice lately is to move the funds from investment X to investment ...


5

How can I balance these two risks? Risk is a tradeoff. A Systematic Investment Plan (SIP) reduces risk but also reduces expected return. Since the market moves up more often than it moves down, statistically you're more likely to be better off investing the lump sum and letting it grow over time. Being better off investing regular amounts over time when ...


2

As a has-done-it I'd like to attempt answering. Please feel free to ask for clarifications/edits if I miss anything. How much time does it take to open a bank account in US? And what is the best way to transfer the money that I have in India to US? And what would be the tax implications for the same? It is usually a same-day process esp going through a ...


0

You don’t have to provide both Swift code and IBAN (International Banking Number ). Swift code is enough for international deposit. And if you need the IBAN. You should ask with the corresponding foreign bank they will provide you.


0

All major private and public sector banks in India have share brokering arm. Most probably the bank you bank with will also have the same. As mentioned in the above post, most banks are full service brokers i.e. they provide you with reports and market sentiments from time-to-time (though their usefulness is a matter of debate). They also charge you higher ...


-2

Its very simple. There are many brokerage firm in India dealing in NSE & BSE. But you should consider the following before choosing a brokerage firm for opening DMAT account. Reputation of broker : because whenever there is a crash in the market, the brokerage firm account freeze due to margin requirement. Such thing happens with the brokers who ...


2

You need to establish a brokerage account which you can do at your bank at a desk different from the one you usually go to for bank services, or at an independent brokerage not affiliated with your bank. They will tell you what to do next.


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