| Name: rajeev
Email: rajeev1868@yahoo.com |
| Message: I want to invest 2 Lack Rupees in Mutual Funds. I am thinking to invest in
4 to 5 funds. I request your help in suggesting me 5 funds so that I get
good return and diversified portfolio.
Thanks
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| Name: psandy
Email: psandyp1@yahoo.com |
| Message: My employment and stay details for the year 2006-2007 are as below:
1-Apr-2006 to 8-Apr-2006 8 Days Stay In India, Employed in India, Salary
in India
9-Apr-2006 to 12-May-2006 34 Days Stay In France, Employed in India,
Salary in India
13-May-2006 to 3-Jun-2006 22 Days Stay In India, Employed in India,
Salary in India
4-Jun-2006 to 20-Oct-2006 139 Days STAY IN FRANCE, EMPLOYED IN FRANCE,
SALARY IN FRANCE
20-Oct-2006 to 12-Nov-2006 24 Days Stay In India on leave\vacation,
EMPLOYED IN FRANCE, SALARY IN FRANCE
12-Nov-2006 to 9-Mar-2007 117 Days STAY IN FRANCE, EMPLOYED IN FRANCE,
SALARY IN FRANCE
10-Mar-2007 to 31-Mar-2007 22 Days Stay In India, Employed in India,
Salary in India
SUMMARY:
TOTAL STAY IN INDIA: 76 Days
TOTAL STAY IN FRANCE: 290 Days
Queries:
- I would like to know if I am an NRI under IT Act and other relevent
acts.
- I would like to know my taxability and whether I have to declare and pay
taxes in India on the salary earned in France.
- Salary earned in France is given after deduction of Social Security and
other levies of the French government. Tax in France is paid later @
around 8 to 10%.
- Do I have to submit any proof to the IT dept in India of tax payment in
France.
- While filing my returns this year what all proofs will I have to submit.
Is the passport copy with entry and exit stamps enough the prove that I am
an NRI or do I require a certificate from anywhere.
- Salary for the Month of March 2007 will be received in April 2007. Also
I will have to keep some amount in bank in France for various dues. When I
finally transfer this amount to India in the next financial year when I
may not be an NRI will this amount be taxable in India or can I say that
it was earned abroad when I was an NRI.
- I have brought some cash in the allowable limit to India which I may
encash in the next Financial year when I may not be an NRI. What are the
tax implications of this.
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| Name: nitin
Email: nitine@hdfc.com |
| Message: Dear Sir,
22. My father got retired this month,he has around 22 lakhs as retirement
funds with him to invest,he wants around 10000/ monthly for monthly
expenses,kindly suggest how & what % to be invested to create a balance
portfolio
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| Name: rakesh
Email: rakeshdesai2000@yahoo.com |
| Message: sir,if i havemoney to invest in equity for next 12 years & i can take risk please give best 3 equity fund & 3 stock
e-mail - rakesdesai 2000 @yahoo.co.in
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| Name: sameer
Email: sameer_anikhindi@yahoo.comn |
| Message: I WANT TO OPEN A PPF ACCUONT
TELL ME THE PROCEDURE TO DO IF
THANKS
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| View Replies |
|
| Name: ashu
Email: jashu11@rediffmail.com |
| Message: which bank is giving highest interest rates for fd of more than 5 years |
| View Replies |
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| Name: gpkhuntia
Email: gpkhuntia2000@yahoo.co.in |
| Message: How far it is reliable to be remain invested in mutual funds? what are
best picks in equity diversified?
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| View Replies |
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| Name: netsavy
Email: netsavy71@rediffmail.com |
| Message: I hv started an SIP of Rs.3000 in HDFC Equity growth option from
Nov'06.But since then every month there is downward trend ie loss showing
in my portfolio.Should I stick to this SIP or switch to some other equity
based SIP.I will be investing for a longer horizon.If I should opt for
some other fund SIPpl. name them.
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| Name: malli
Email: malli_mail@yahoo.com |
| Message: Please help me in my financial planning. In sep'06 I started my financial
planning with out knowing how to invest. I had invested 3.5 lakhs as
follows. I took ICICI Life time super (Maximizer) Insurance with a anual
premium of 1 lakh. I inveseted 1 lakh in ICICI dynamic (d) mutual fund.
And 50 thousands in ICICI Infrastructure fund Growth. and finally 1 Lakh
in Franklin templeton Flexi cap Growth. And I have 50 thousand as cash. I
want to invest in shares for short term. Now I feel I did not invest my
money wisely. I dont know whether its right time to replan or else wait
till november and then consolidate the things. Recently I think ICICI
Infrastructure fund has undergone some changes. Its returning -ve returns.
Atleast Iam expecting a marginal of 20% returns per anum on my
investments.
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| Name: jeet
Email: jeetkkumar2005@yahoo.com |
| Message: can i take cash gift from any one and what are the tax treatment for gift
what paperwork is required for making a gift legal
|
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| Name: .
Email: jindalv_adv01@yahoo.co.in |
| Message: . pls guide me about an insurance product who covers me in case of accident
and illness like general insurance products for a 30 year tenure
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| View Replies |
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| Name: arvind
Email: arvind1975@yahoo.com |
| Message: Hi,
I have a query regarding an Insurance product which my father wants to
take out on my name. The scheme is :- I pay 2 lakhs per year for 7 years
and after that period, I get paid 2 lakhs per year for the rest of my
life. Is that a good deal? Would'nt it be better to invest 2 lakhs per
year in mutual funds and get the benefit of compounding?
Regards,
Arvind
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| View Replies |
|
| Name: divesh
Email: divesh.daga@icicibank.com |
| Message: .I Want to invest Rs 3000/-pm in mutual fund for 5 years, what will be my
expected return after 5 years or should i go for equity investment
Ans. In case you are investing in one of the top five diversified equity funds, you could easily achieve a return of 15% pa. and that too tax free.
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| Name: rakesh
Email: rakeshs@tildariceland.com |
| Message: Sir,
8.RD Accounts
Can you, guide me, what will be the intrest rate, if bracke my RD before
maturity.
My Contact No - 9910514067
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| View Replies |
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| Name: aswin
Email: aswin_dehradun@yahoo.co.in |
| Message: sir
7.I have taken a loan of 300000 (three lack )from indian bank for my MBA
education on 2006.the loan has been sanctioned in the joint a/c of me and
my father.so my question is that am i be able to get the deduction from my
total gross income.and how long i be able to get the claim for deduction
for educational loan.
and i think i will make investment in mutual fund and then i will repay
the loan with that money.wil it be a good proposition
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| Name: .
Email: pawank?bhyrav@yahoo.com |
| Message: 5.I would like to go for an investment in Insurance. Please suggest me any
insurance in SIP mode in either SBI or HDFC, which gives good returns and
also the rider benefits.
Ans. I suggest you contact Insurance agent of SBI or HDFC. Be clear you want insurance or investment. It is better to separate the two. You may earn more.
"saikumar44555@yahoo.com" to experts
show details Apr 6
6.What is the best retirement scheme?
|
| View Replies |
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| Name: pankaj
Email: pankaj_arya2001@yahoo.com |
| Message: Hi,
4.I am working in a public sector. Presently I am on outstation posting for
which i am getting outstation allowence. To my surprise my employer has
taxed me on outstation allowence without giving any projection in the
month of march.
Kindly let me know, whether out station comes under FBT or its on
company's discretion.
Your help is required in this regard.
Pankaj Kumar
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| Name: kannan
Email: drkannanphd@yahoo.com |
| Message: After detecting my PF, PT & Insurance (Which is around Rs.60,000), I can
save another Rs.40,000/- for the financial year 2007-08. my query is,
instead of investing in MF and get tax benefit, pay the IT (Rs. 4000/-)
and invest the same amount in Share market. So that I can get more returns
than MF investment. What is your view? What is your advice?
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| View Replies |
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| Name: gurvinder
Email: gurvindersb@rediffmail.com |
| Message: how to earn 1 crore in a year |
| View Replies |
|
| Name: .
Email: samiirkuumar@rediffmail.com |
| Message: Dear Sir/ Madam,
tax@moneycontrol.com,
1.I am facing the problem of calculating the Capital Gain Tax implications
as i have decided to sell the another house, which is keeping from last 15
years.
The story goes like this: -- I booked a 52sq.mt. One bedroom house of
Lucknow Development Authority (L.D.A.) with cost of Rs. 76000/- on paper
in 1991-92. For few years I had paid the EMI of Rs.600/- due for next 15
years. But I stopped paying the EMI after 4-5 years. In 2004 we thought
for One Time Settlement and Registry process with L.D.A., in the same year
deposited Rs. 84000/- for OTS process with L.D.A., meanwhile I got
constructed the house with spending close to Rs.85000/--in Year 2001.
Now when I decided to sell the house this year (2007) for Rs.4.50akhs. I
got the registry process completed this year (2007) and the total cost on
paper is around Rs.1.80Lakhs.
Hope I have narrated the whole story, now my questions are:
1. What will be our capital gain tax implications, and how to calculate
the tax?
2. Can this amount or part of the amount be used to construct the first
floor of our permanent residence, to avail the tax benefit?
Pl. guide us in this regard, to get the tax benefit out of it.
Avidly waiting for positive response!
Thanking You!
Sincerely
D.C. Verma (Lucknow)
Cell: 09335237165.
Tel: 0522-3254419.
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| View Replies |
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