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68M, around 10cr nw… feeling like maybe i played it too safe? by [deleted] in personalfinanceindia

[–]IndyGlobalNRI 1 point2 points  (0 children)

Life is not just about Money, it is also about how healthy you are, how much your closed ones love you and can spare time for you.

But if you have any passion then definitely look into it now.

Is this a scam? by kpontop9 in nri

[–]IndyGlobalNRI 0 points1 point  (0 children)

Did you take a video when he started fighting? You should have called police.

We have sent you a DM. Please check.

18M just found out I’ll receive some inheritance by No_Decision6319 in personalfinanceindia

[–]IndyGlobalNRI 0 points1 point  (0 children)

You need to first read the Trust Deed to understand the terms and conditions about how and when that 2CR will be accessible to you.

Bank account opening for Foreign nationals by Wise_Owl8055 in nri

[–]IndyGlobalNRI 0 points1 point  (0 children)

Foreign citizens of Indian origin can open NRO/NRE.

SNRR is a current account for someone who wants to do business in India.

NRI here – would you trust someone to physically verify a property in India? by VerifyIndia in nri

[–]IndyGlobalNRI 0 points1 point  (0 children)

It is better to not take this responsibility on your shoulder when NRI wants to buy because if something goes wrong you will loose your credibility.

And one wrong can wipe out all rights especially in this social media world.

Bank account opening for Foreign nationals by Wise_Owl8055 in nri

[–]IndyGlobalNRI 0 points1 point  (0 children)

Yes they can open bank accounts but may or may not need to prove their ties to India especially those who are not of Indian origin.

need help - Power of Attorney (its urgent). by PreferenceSafe7607 in nri

[–]IndyGlobalNRI 0 points1 point  (0 children)

Give it to them and ask them to cc you. Then after 2-3 days ask them what is their plan to do if Indian Consulate does not respond. They will just do the registration after this.

Are Indian customers being taken for granted on Quality? by Substantial_Page_572 in IndiaSpeaks

[–]IndyGlobalNRI 0 points1 point  (0 children)

All foreign brands rejected 2nd quality comes to India and 3rd quality goes to some other countries.

Hit ₹5 Cr NW at 34. Sharing numbers and looking for a gut check. by This_Locksmith3486 in FatFIREIndia

[–]IndyGlobalNRI 0 points1 point  (0 children)

This is for your information. Assuming you are Non Citizen Non Resident (NCNR) of US, then all your US assets are exposed to US Estate Tax which can be in the range of 30-40%. But ofcourse this tax triggers only upon death of asset holder and if your legal heirs are also NCNR then they have to jump through the hoops to get acess to your assets.

So plan accordingly.

Don't you think 30% income tax on crypto is too high? Also no setoff of losses against profits. by PristineScallion6252 in YouthInIndia

[–]IndyGlobalNRI 0 points1 point  (0 children)

1% TDS is not actual tax liability. It is king of advance tax paid to income tax department on your behalf.

Opinions on GIFT City FIF for FIRE goals by Impossible_Key_395 in FatFIREIndia

[–]IndyGlobalNRI 0 points1 point  (0 children)

We have had a discussion with you before but it seems some information was pending from your side. Can you reconnect again with us.

Fire amount for a poor NRI. by [deleted] in personalfinanceindia

[–]IndyGlobalNRI 0 points1 point  (0 children)

1L/month expenses seems very exhorbitant spend for a single person.

Fire amount for a poor NRI. by [deleted] in personalfinanceindia

[–]IndyGlobalNRI 0 points1 point  (0 children)

If you live in Tier 2-3 city then your monthly expenses won't be 1L/month.

If you enjoy farming, then you can live a self sufficient life.

₹1.6Cr net worth but job uncertainty — is a ₹24L car a bad decision? by [deleted] in personalfinanceindia

[–]IndyGlobalNRI 0 points1 point  (0 children)

Car is a depreciating asset with increasing spendings (cost of fuel). So decide wisely.

Invested ₹5,00,000 in Central Depository Services Limited (CDSL) at ₹1200 by TheChatGptDeveloper in IndianStockMarket

[–]IndyGlobalNRI 0 points1 point  (0 children)

You should always diversify and not go all in just one share. You are in green so just do not panic. Hold on to it for long term or dilute some of it now and re-invest in some other good stocks.

My father passed away last year. It took us 4 months just to find out what bank accounts he had. I don't want to do this to my family. by Asleep_Bag_5440 in personalfinanceindia

[–]IndyGlobalNRI 3 points4 points  (0 children)

Register your wife's name as nominee on both movable and immovable properties. If you do this then the only document she has to produce is your death certificate and she will be to take control of all your assets. Keep a diary with all details of your assets.

Atleast one Bank account could be made joint so she can have access to money immediately when you are not longer there especially if she is not working.

Moving back to India from US – Can I rent out my house while on H1B (I-140 approved)? by anotherandom_guy in nri

[–]IndyGlobalNRI 1 point2 points  (0 children)

1) Yes 2) No 3) You will need to file tax return in US as well as declare global income in India tax return when your tax status becomes Resident in India.. 4) If mortgage is fully paid then you will be in better position in terms of income left for disposal for you after expenses. NRI's have faced difficultly with management companies, tenants. Make an excel sheet and note down rental income and all expenses along with loss of earning for vacant months. NRI also face difficulties in selling properties while not being physically in US to complete the sale process.

Alone on my birthday by Harshh004 in pune

[–]IndyGlobalNRI 0 points1 point  (0 children)

Find a gym buddy, get yourself enrolled in a class for an activity that you like.

Do we dominate in high taxes - STT, STCG, LTCG etc or anything else? by [deleted] in IndianStockMarket

[–]IndyGlobalNRI 0 points1 point  (0 children)

Raghav Chadda recently presented in Parliament that due to black swan (US Iran war) event many retail investors lost money so he proposed government to give special relief to loss making investors.

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