Monica

[Monica @monicatupper123]

@baxirahul The new Abu Jani Sandeep Khosla store!!

[Monica @monicatupper123]

@singhvarun Ballard estate

[Monica @monicatupper123]

@LarissaFernand It is publicly available on the sebi website. PMS Managers report

[Monica @monicatupper123]

@aliverish @ActusDei @ActusDei the wording of s. 44AD does not specify that higher of the two (real profit or6% of turnover) is to be presumed as taxable income. Is the 6% a deemed profit?Or are we to report a higher profit?Then what is the point of maintaing no books of account.Confused what to do

[Neil Borate @ActusDei]

India is giving rich NRIs a BIG subsidy. But why?
Imagine if your government offered you a 15% per year tax-free return in dollars over a 5 year period. Tax-free and risk-free. You might tell me I'm mad. But this is exactly what India is offering NRIs under its leveraged FCNR scheme. Almost nothing can compete - stocks, bonds, nothing! One starts to wonder if moving to Dubai is actually an option!

How does it work
The NRI has $100,000 and borrows, say another $900,000. The resulting $1 million corpus earns, say a 6% FCNR interest which is $60,000 per year. On the $900,000 he pays, let's say 5%. An outflow of $45,000. He is left with a net $15,000 which is 15% return. Tax-free in India. If you live in the gulf, then tax-free in general. All this offered by nationalized banks which takes away default risk. The nationalized banks are offering the deposits. The loan is coming from their GIFT city branches or foreign banks with whom they've stitched up partnerships. The only catch is a lock-up of your capital for 3-5 years. But that doesn't seem like a big issue. Also the deposit has to be booked till September 30th. So it is a one-time window.

Why this route?
The FCNR route is somewhat convoluted. India could have simply issued a dollar bond at 6% and sold it to all dollar investors, regardless of them being NRI or not. Even residents with foreign earnings or assets could have been allowed to invest.

Who will pay the price?
Remember that RBI has backstopped the deposits, meaning it will have to repay the dollars after 3-5 years. That ultimately means us as taxpayers. We as a country are borrowing from NRIs and we will have to repay them.

[Monica @monicatupper123]

@richapintoi @richapintoi question for you - do we try to use water from overflowing lakes ans not touch those still filling up so we dont waste the overflowing water?

[Monica @monicatupper123]

@priyankac19 Im not a fan of @priyankac19 but Maam, loads of respect on this move, may your tribe increase multifold. We need many many more like you. It is only then that the quality of the academia will improve. Instead most politicians are busy with PR stunts at US universities.

[Monica @monicatupper123]

@ActusDei Hey @ActusDei - health insurance is so confusing because we dont have standard contracts or check boxes to compare, also any benefit to starting out younger in 20s versus in your 40s?

[Monica @monicatupper123]

@uniindianews FYI she isnt an MP anymore

[Monica @monicatupper123]

@Nithin0dha when is your USA investing feature via GIFT coming? Holding up registering on other platforms waiting for @Zerodha_Online to launch. Would prefer to consolidate all holdings through one broker

[Monica @monicatupper123]

@rameshofficial0 Hope @CPMumbaiPolice @MumbaiPolice anti corruption bureau takes cognizance

[Monica @monicatupper123]

@richapintoi Same issue faced in Kala Ghoda! Only reporters like you talk about the real issues! Something we need to highlight to the political class. May there be more people like you :)

[Monica @monicatupper123]

#CSGOSKINS @GavionNoriel @captanmamad @TEGUH45351799 @SpicyNBeloved @Michelle_Karo21 @KWSgizmo @VegaDangler @JeremysanX @Cialelee @CyclickHimself @LEagle06

[Monica @monicatupper123]

#BUFF163 @anemone14ly @el_famoso_Clem @cesarenp_ @ArbsLels @SmaasHiRL @tee_boyyy @danieldrodge @IlijaCarr @uhksev @MusicGuyFade1 @CallMeMrVane

[Monica @monicatupper123]

@dhavalkulkarni Same here

[Monica @monicatupper123]

@_prashantnair Any impact on Redington since they distribute Apple products? @_prashantnair

[Monica @monicatupper123]

@Tapereader88 @deepakshenoy For GSecs^

[Monica @monicatupper123]

@Tapereader88 @deepakshenoy Arrey but that is why - make it accessible no. The same way they started a quota for non competitive bidding with smaller ticket sizes etc.