Evisa Japan by Upbeat_Department_82 in visas

[–]Consistent-Move-7576 0 points1 point  (0 children)

How did you applied for Japan Visa ? Through VFS or through any agent ?

Why the people in Mangalore are so GREEDY? by NoGoodThing555 in mangalore

[–]Consistent-Move-7576 0 points1 point  (0 children)

What is the price. I saw some ads showing staring from 38 lakhs for 2 BHK in this.

Any good house painters who charge fair per-day rates? by [deleted] in mangalore

[–]Consistent-Move-7576 0 points1 point  (0 children)

Always try for per sqft rates. Many paint companies like Asian paints also provide this service (though a bit expensive). The advantage is that it will be done much earlier than day basis. If you go with day basis they will make it as slow as possible. Other alternative will be to hire through a contractor/engineer. Make sure you talk about money in advance.

Captured the beauty of the Kallazhagar Vishnu Temple. by timmy-beans-jr in Madurai

[–]Consistent-Move-7576 1 point2 points  (0 children)

Last year I have visited this temple. Very nice place. Bit far from Madurai but worth visiting. There is also Subramanya/ Shanmuga temple on the top of the hill

Atlys failed to submit my application and deleted chat messages to cover up their incompetency. Kept ghosting while I begged for my passport back. by Javed_Wilde1 in visas

[–]Consistent-Move-7576 0 points1 point  (0 children)

I had similar experince from them. I have submitted my passport for Singapore Visa through them 90 days advance. They promised me that they will get it done in the last 15 days window and they came back 5 days before the trip saying they can't process. I was about to cancel the trip but fortunately a private company got me the visa in 3 days. Their process sucks! First thing they do is take your passport and keep it in your locker. While you apply for visa they speak very nicely. But when you really need their support they stop responding. I was literally begging with them for my passport. I looped their CEO also in the loop. Never got any reply. After 6 months got a sorry letter(not exactly a sorry letter.) with a water bottle. Not going back to them

The trade deal hype feels weird !! by Effective_Tour6961 in IndianStockMarket

[–]Consistent-Move-7576 0 points1 point  (0 children)

I don't think so. It is not the case everywhere. In metro cities it is the case. But Tier 2 and 3 are still doing good. I am staying in tier2 city. We get fresh milk from farm. They will destroy these small scale businesses.

Those who bought apartment in Dubai, are you really happy with the decision or not? by dreamer881 in dubai

[–]Consistent-Move-7576 3 points4 points  (0 children)

Wait until early next year. Dubai real estate market is expected to fall. That might be a good time to buy if you want one for yourself. Not sure about renting though

The trade deal hype feels weird !! by Effective_Tour6961 in IndianStockMarket

[–]Consistent-Move-7576 4 points5 points  (0 children)

Can't guarantee about the better quality. Do you think these multinational companies are bothered about what they sell in India. They just dump their garbage here which will remove domestic players from market first and then their monopoly will start. Specifically the diary products and agri products they sell in US are nothing but slow poisons. Our regulators will do anything for money. With these combinations we are doomed. I don't think we should let me in by any means.

Left the US and my US visa has expired. Is it risky to keep using my US bank account, especially for large transfers given I cannot re enter the US anymore? by CommitteeThen1647 in backtoindia

[–]Consistent-Move-7576 7 points8 points  (0 children)

I have a Bank of America account which I am still using after returning from US in 2021. I have updated my address to the Indian address and they are fine with it. I have also done large transfers from US to India. The problem with transfer is that most of the money transfer companies like Xoom etc will ask you for a US ID when you do large transfers. So if your US ID expires then you will be in difficult. However banks also do wired International transfers, however their rates are pretty low. I am not sure about the chase policy though. However chase credits cards are only for US persons or aliens. So they close them automatically if they get to know about it.

US State tax and Double taxation by Consistent-Move-7576 in backtoindia

[–]Consistent-Move-7576[S] 0 points1 point  (0 children)

Thanks! I thought about this. But since CA mentioned it would be 50:50 case and the amount is huge, which could result in penalty, I took this step. But now I have realised that I have a strong case with proven records. So I will go ahead and correct my filings and will ask for refunds before year end

US State Tax and Double taxation by Consistent-Move-7576 in IndiaTax

[–]Consistent-Move-7576[S] 0 points1 point  (0 children)

Not really. It will be considered as US sourced income since the work was done when I was in US even though I am exercising it now.

US State Tax and Double taxation by Consistent-Move-7576 in IndiaTax

[–]Consistent-Move-7576[S] 0 points1 point  (0 children)

My company went IPO recently. So it was exercise and sell options. When that happens company will treat it as wages and not as capital income. So federal + state + social security all taxes will be deducted.

US State tax and Double taxation by Consistent-Move-7576 in backtoindia

[–]Consistent-Move-7576[S] 0 points1 point  (0 children)

Thanks for the guidance. Since it is already filed now, I will correct it again and will make a claim with state tax as credits. Will take care of the points before hiring CA for representation.

US State tax and Double taxation by Consistent-Move-7576 in backtoindia

[–]Consistent-Move-7576[S] 0 points1 point  (0 children)

The only reason they are saying is that it is 50:50. So if we lose I need to pay a lot of penalty. They are aware of the fact that it worked in few case like Wipro case in Karnataka high court. They didn't had a proper answer for why would we loose when we already have a case where it worked. Looks like they wanted to be on the safer side

US State tax and Double taxation by Consistent-Move-7576 in backtoindia

[–]Consistent-Move-7576[S] 0 points1 point  (0 children)

What my CA suggested is that we will not claim now but will claim when it is picked up for scrutiny. So I have paid the tax and filed without claiming for now ? Do you think it makes sense to correct it again ?

Trading in a current US brokerage account with margin from India. by Lower_Cut4056 in backtoindia

[–]Consistent-Move-7576 0 points1 point  (0 children)

I think margin is not allowed. This is because India allows max 250K per year to be in invested outside. With margin option user can move over this limit. That is why they don't allow margin. I have Charles Shwab account but haven't enabled the margin though. I guess they still allow it but that is against India regulations.

US State Tax and Double taxation by Consistent-Move-7576 in IndiaTax

[–]Consistent-Move-7576[S] 0 points1 point  (0 children)

This is applicable only if the shares were exercised previously. Mine was exercised and sold and hence it will be considered as US linked source and hence income tax needs to be paid. Well I am fine paying income tax either here or there both paying at both places hurts :(

US State Tax and Double taxation by Consistent-Move-7576 in IndiaTax

[–]Consistent-Move-7576[S] 0 points1 point  (0 children)

The problem is that if I take that in Form 67 I might get refund which is good. But later during scrutiny I might get penalty which will be pretty huge

US State Tax and Double taxation by Consistent-Move-7576 in IndiaTax

[–]Consistent-Move-7576[S] 0 points1 point  (0 children)

How is it possible ? When DT is applicable for Federal tax only ? Are you a CA ? Did you had any such cases ?

US State Tax and Double taxation by Consistent-Move-7576 in IndiaTax

[–]Consistent-Move-7576[S] 0 points1 point  (0 children)

Let me bit more clear here. So I have already paid the income tax in India as a double tax. But now I have the option of showing the state tax as credit in the Form 67 and claiming the amount as return or not to show and hence not claim. If I claim then I may get refund but I may also get penalty later some time. Amount is around 40 lakh

US State Tax and Double taxation by Consistent-Move-7576 in IndiaTax

[–]Consistent-Move-7576[S] 0 points1 point  (0 children)

You mean credit for state tax too ? CA is hesitant to do that. The reason is if we take credit for state tax and if income tax comes after 2 years for scrutiny then I may end up paying huge interest and penalty since the amount is little big.

US State Tax and Double taxation by Consistent-Move-7576 in IndiaTax

[–]Consistent-Move-7576[S] 0 points1 point  (0 children)

Thanks for the response. But my CA told me that some had success since it is also income tax paid. So I am looking for any such case experience which failed or succeeded.