Detailed story by @PosteAnil on US NRIs. US applies PFIC rules & taxes gains in mutual funds even if you have not redeemed your investment. You can get around it by doing a PMS or an AIF which issues a K1 form. A few MFs accept investments from US NRIs https://t.co/j6RFNz7lJN
Update - Found my umbrella, I inquired from multiple police officers at the station and finally met Deepak Kumar, station controller, thanks to him for assisting me in finding my umbrella.
Also kudos to your Twitter team @OfficialDMRC for transferring my request. Made my day :)
@OfficialDMRC hey dmrc, I forgot to pick my umbrella (grey colour) from the checking machine at RK Ashram around 8:30 am, is there any way to reach out to the station department, can they keep that with them ? Please help
@ActusDei Hope to see more relaxation as every month SEBI adds new compliances like the recent cyber security rule and exclusive UPI ID, on top of the already long list.
How can one focus on serving clients when compliance chaos keeps piling up?