A lil about the place :
Mount Kalsubai is the highest peak (1,646 meters) of the Sahyadri range. The peak point served as a tower to watch the...
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(This is Part - 2 of the article)
There are others, however, despite being on air only for a short time, cement their place in the hall of shame....
Just the other day, a final year student came to my cabin and this is the conversation we had:
Me: Good Morning
Student: Good Morning, Sir. I came...
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Best transfer rates to send money to India
| Amount | Currency |
* indicative rates as on 08:30 pm 18 May 2012 IST
| Service | rate* | amount |
| click2remit.com | 53.93 | 53930 |
| remit2india.com | 53.79 | 53736** |
**(Final Payout - Additional fees+ taxes) may be charged. Final payout calculated based on indicative rates displayed on website, may change depending on when the transaction is processed
Best deal for transfering 1000 USD to India
53930 INR for 1000 USD via clicktoremit
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- Times of India - 18th-May-2012- Economic Times - 18th-May-2012- Silicon India - 18th-May-2012
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- Silicon India - 17th-May-2012- Hindustan Times - 17th-May-2012- Silicon India - 17th-May-2012
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- IBN Live - 16th-May-2012- Economic Times - 16th-May-2012- Times of India - 16th-May-2012
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- Times of India - 15th-May-2012- Economic Times - 15th-May-2012- Economic Times - 15th-May-2012
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- Silicon India - 14th-May-2012- The Hindu - 14th-May-2012- Hindustan Times - 14th-May-2012
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- The Hindu - 11th-May-2012- Times of India - 11th-May-2012- Business Standard - 11th-May-2012
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Amar co-founded Golden Abodes with Gaurav in 2010. He has been instrumental in rolling out successful online and offline marketing campaigns for leading real estate brands in the country.
Ameet Patel is a Chartered Accountant and a tax partner at Sudit K Parekh & Co., Chartered Accountants. Ameet is a rank holder and has secured ranks at the Inter and Final CA examinations at the all India level.
Ankit Tulsyan is a Chartered Accountant and he specializes in auditing, assurance and accounting services and also advises on Income Tax, Service Tax and VAT matters.
Mr. Siddhartha Shah is a practising lawyer and has founded M/s Siddhartha Shah & Associates.
- Latest Q & A
Question
Hi, I am US citizen and have few questions about buying commercial property in india 1. I am planning to buy a half floor (3000sqft out of 6000sqft total) in a three floor building. Is this legal to do in India. 2. I am planning to send money and invest some from the older properties in India to pay the intial down payment. In that case will the money reptriable in the future if I use NRE account for fund transactions 3. I will take loan for an amount of 25 lakhs, Can the interest on this tax deductible , I am planning to payoff the montly payment with the rent I get from the commerical. Is there any better way to get tax cuts and please let me know of any possible issues you might forsee
Answer
The loan component is tax deductible only in case of residential properties and not commercial properties. ... read more
Question
Hi Ameet Thanks for the NRE FD advice. But is this return TAx free for UK as well as the UK Taxman might want to tax it in here? I appreciate it is UK Tax law but as you are expert I wonder if you can comment on this. Many thanks : Rajiv
Answer
NRE TD interest amount is completely tax free for NRIs present anywhere outside of India. Pertaining ... read more
Question
I would like to invest about IRs 3 lakhs in India. It could be shares on Indian exchange or investments in banks or other means. please advise the best method or recommendation. I am of Indian origin with British Citizenship. I would also like to invest in land/property in India?
Answer
Need to check from customer expected returns and Time horizon If money is being invested in share/MF/Reality ... read more
Question
I am an OCI. The proceeds from selling a inherited property in India, can they be converted to dollars and deposited in US bank. what kind of taxes one has to pay in india and usa ? Thanks
Answer
Proceeds from selling of property is subject to Capital Gain Tax in India.
Question
Hi, i have a resisdent permit in abroad, also paying tax on my income here, i have a saving joint a/c in India with my wife (she is also having resisdent permit same as mine). I want to transfer some amount in my that joint saving a/c. I visit India just for 20-30 days a year. I want to know the moiney I want to transfer is taxable in India or not. i will appreciate if I could get the reply by email at deepakbsharma@gmail.com. Thanks.
Answer
A NRI can open, hold and maintain 3 types of accounts in India without the permission of RBI, viz,. NRO ... read more
Question
i live in the u.k but want to save in a nre fd acount after 1 year off gain in the nre fd will i get taxed? can i bring it back to the uk easy and back in pounds?
Answer
The NRE account will not be taxed. You can repatriate the money in GBP.
Question
An NRE Account for maintaining tax-free interest and bring back to the U.K - can it be done tax-free to get money in U.K.?
Answer
An NRE account is a tax free. Income earned on the same is freely and completely repatriable including ... read more
Question
Hello Mr. Tulsyan, I am a NRI for last 3 years. I purchased my first flat before going abroad (3 years back) from my Indian income. Now I have purchase one more flat in Mumbai in the month of Feb 2011, The property cost is 85 lacks Indian rupees, and I almost paid 50% of purchase amount because the building is under construction. My all bank transactions for the purchase of this second flat is from my NRE bank accounts. Now for the purchase of this second flat, please advise me whether I need to pay any of the applicable tax at this stage (or) I need to pay any of the applicable tax after the possession of my flat. I will get possession at the end of Nov 2013. Request you to please advise me in this regards.
Answer
No Income Tax is payable on purchase and possession of flat.
Question
If one makes investments(MFs/FMPs) using his NRE accounts, is the profit taxable (Debt/Equity, LongTerm/ShortTerm).
Answer
Any income received directly to NRE Account is taxable in India considering as received in India. But ... read more
Question
I am a Green Card holder in the US and have an NRE and NRO account. Do I need to file taxes in India and US both or one or none?
Answer
NRE account in India is not taxable, However NRO account is interest is taxable at 30% + Service charge ... read more
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