A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
PINS -- or Portfolio Investment Scheme -- is the permission that a Non-Resident Indian requires to trade in the Indian stock market. Normally, the bank obtains this for you. An NRI can have only one PINS account current at one time.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
Thanks to India's burgeoning population, it has become necessary to plan for the admission of a child to a good school, as soon as the mother's pregnancy is confirmed. Similarly, thanks to the ever-rising cost of living, the same dictum is applicable to investment planning for your children. The responsibility of looking after the welfare of their children, both in the present as well as the future dimension, cannot be shouldered by anyone else but the parents.
Short-term gains from shares are taxable
But due to SEC diktats, funds that are US-based -- like Templeton, Fidelity and HSBC -- do not accept investments from NRIs.
Resident individuals can acquire and hold immovable property or shares or any other asset outside India without prior approval of the RBI.
This amount transferred to your father will be treated as gift and since tax is not applicable on gifts, received from close relatives, there will be no India tax incidence on either you or your father, irrespective of the amount transferred.
An FMP offers the advantage of lower tax in comparison to a bank FD.
On becoming an NRI, legally you are required to inform all your banks and also all the companies where you have investments about the change in your status within a reasonable time.
Even those who have the money to buy a house off the shelf should consider going in for a loan. Here's why.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment
Here is a checklist to help you work out tax-smart salary and perk options:
Invest with a fund house with pedigree and reputation.
If you are looking for a fixed income avenue that yields a reasonable return with minimum risk, adequate liquidity and tax efficiency, FMPs will provide you with an effective shelter.
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