Has anyone read the loan documents of leveraged FCNR scheme. One I read mentions demand loan and not term loan for the leverage part. This means it gives the bak option to call back the loan. Do I understand it correct ? #FCNR#Leverage
@IncomeTaxIndia, Dear Income Tax India team, in ITR2 all bank accounts need to be listed. As Non-resident, it is not clear how to report NRE Account. The account types in ITR2 - Saving Bank , Current , Cash Credit Accounts,
Overdraft Account, NRO Account but no NRE Account.
@lufthansa , @Lufthansa_India , need help. I specifically paid for an extra legroom space seat. Now during check-in I get a randomly assigned seatwith no leg space. Your customer care is not being helpful. They say you get a refund for the seat. #lufthansa#poorservice#DontCare
@contliving If you can afford to buy without stretching yourself then it's better to buy.
There are more factors at work - What's the rental yield to interest rates, and one's income levels, rental availability., etc..
@Dinesh_Sairam@contliving once rents from real estate are included in tax by default (I mean forced by the system) and are tax properly the appeal of building to rent out will reduce.
@deepakvenkatesh I realized that I keep funds within NRE Eco system to ensure easy repatriability. I mean plan my investments - no real estate, no physical gold and local lending.
@deepakshenoy@RBI PIS is cumbersome, expensive and ties down NRI to a bank with PIS letter. Please make it same as NRO ( non-PIS).
Also, when we have a valid NRE bank account with central KYC, why do brokers want the same documents with attestation?