r2i forum

Does anyone know .... ? For Non Convertible Debentures (NCD's), in demat form, when the interest is to be credited at the end of the term (say 5 years), do I pay income tax on the interest on an accrual basis each year? Or do I pay income tax in the 5th year on the entire interest amount received? I ...

Hello Rajesh, Firstly thank you so much for your contribution to this forum. All your replies are extremely useful and I really appreciate the time you put in to answer queries. This is my question: Let us assume we are talking only about STCG/STCL and only regarding Equity shares in India. Lets say ...

[SIZE=1]I have a question. [/SIZE] [SIZE=1]Say I earn INR 1,50,000 in the year 2009-10 and no other income. For 2009-10, for men, there is no tax liability for income upto 1,60,000. So for an income of Rs 1,50,000 I will owe no taxes at all.[/SIZE] [SIZE=1]However if I earn INR 1,70,000 then it ...

[SIZE=2][SIZE=1]Once you become a Resident of India you can open a Demat account. For the definition of Resident please search thru these forums.[/SIZE] [SIZE=1]The profit you get from the sale of stocks would be capital gains and should be reported on Schedule D the same way as you would report ...

There is a lot of information regarding your question, already posted in this forum. Hence no one has responded to your question. I suggest you conduct a search thru the appropriate topics listed on the main page. To give you a quick answer though, you are beginning with the assumption that you are ...

[FONT=Times New Roman][SIZE=3]Hello,[/SIZE][/FONT] [FONT=Times New Roman][SIZE=3]This is a tax issue in the case of an Indian citizen and resident, living in Pune.[/SIZE][/FONT] [SIZE=3][FONT=Times New Roman]My sister is planning to accept a free lance job as a Teacher/Trainer for about a month. The ...

I would just like to share my situation here. I became a USC in Oct 2002. I did not surrender my Indian passport at that time. I obtained OCI in 2006 from New York - during the app process I sent in my Indian passport and it was returned to me along with the OCI certificate but it was not marked ...