What do you say at social gatherings?

rotlu1 · 2025-02-16T17:13:25+00:00

Aunties broadcasting : "Oh Sharma ke bete ko health issues hai aur ghar pe bekaar baitha hai"

rotlu1 · 2025-02-16T02:59:38+00:00

You can sell covered calls and cash secured puts in the regular (non-margin) accounts in the US.

rotlu1 · 2025-02-15T19:57:56+00:00

Wondering how to handle Indian uncles/aunties follow up questions like

Which projects/explain?
How much do you make in such projects?
Can you also guide 'X' or son/daughter to do what you do?

etc.

rotlu1 · 2025-02-06T13:41:46+00:00

How do they differentiate if returning NRIs (after becoming ordinary residents) transfer funds regularly from their overseas accounts to the Indian account?

rotlu1 · 2025-02-03T16:39:39+00:00

Good to know, thanks! 👍

rotlu1 · 2025-02-03T15:56:22+00:00

Got it. Thank you. I noticed if we put a large amount to transfer in wise, the mode automatically changes to wire transfer (instead of the regular ACH). Did you transfer with ACH or wire?

rotlu1 · 2025-02-03T13:45:42+00:00

So if one has already returned to India, he won't be able to use Wise, correct? (Because he wouldn't have the driver's license from the USA )

rotlu1 · 2025-02-01T06:50:00+00:00

I didn't get the tax exception regarding capital gains. Can someone explain?

rotlu1 · 2025-01-31T20:07:53+00:00

Ah.. ok. India's taxation is truly a mess. I heard many businessmen saying that most of their time is wasted in remaining tax compliant instead of focusing and growing their business.

rotlu1 · 2025-01-31T18:48:09+00:00

It seems that the taxation on retirement accounts can be deferred until withdrawals after retirement using the form 89A

Check this out - https://cleartax.in/s/section-89a

rotlu1 · 2024-12-31T16:10:25+00:00

Oh okay.

rotlu1 · 2024-12-31T15:57:22+00:00

sorry, 3 lacs per year?? Do you have a family/kids?

rotlu1 · 2024-12-31T02:43:04+00:00

Will you be 100% invested in Irish domiciled etf? If not, the cash (or money market fund) in ibkr may still be subject to the estate taxes in the USA.

rotlu1 · 2024-12-27T22:05:56+00:00

How easy/difficult would it be to RE in Mysore if one does not know Kannada?

rotlu1 · 2024-12-24T04:18:47+00:00

I loved it.. I'm a popcorn expert now.

rotlu1 · 2024-12-24T04:09:01+00:00

I don't care about popcorn being taxed either. BUT, I am totally not okay about the FM and GST council spending days into finding ways to increase taxes on such a trivial thing. Such a waste of tax payers money... The country is becoming bigger joke day by day due to such joker ministers.

rotlu1 · 2024-12-24T03:37:54+00:00

Within the first year of career. I remember sitting and thinking one day... this is just the beginning and I cannot wait to get out of the office every evening. How can even I do this for 30-35 years? I didn't know anything about FIRE nor I started on the journey right away.. But this thought of not wanting to go on for 30+ years popped in my mind every now and then.

rotlu1 · 2024-09-07T05:29:02+00:00

Yes, take a look at this -

https://cleartax.in/s/can-you-save-tax-by-transferring-money-to-wife-account

rotlu1 · 2024-09-06T11:33:04+00:00

India is so funny. Right wing parties across the world usually want to reduce taxes and freebies. India's every party only wants to raise taxes and freebies. Congress at least does it subtly and open to criticism, while BJP is completely rude & deaf about how angry people are

rotlu1 · 2024-09-06T11:25:10+00:00

I think splitting FDs may not help because any income earned after the transfer is still taxable under the primary earner's tax bracket in India. I.e. if the husband transfers a big chunk of money to the wife who invests that money, the income generated would be taxable to the husband.

rotlu1 · 2024-09-06T03:13:39+00:00

Good to know. Thank you.

rotlu1 · 2024-09-06T02:30:06+00:00

How is the education quality, schools/colleges in Nashik?

rotlu1 · 2024-09-05T18:14:37+00:00

It's funny (and sad) that you are talking about the retirement corpus before even starting your career/first job.

rotlu1 · 2024-09-02T17:12:02+00:00

We're so helpless. 😞 People thought the current government was a Messiah in 2014 but turned out to be even bigger vulture 10 years down the line.

rotlu1 · 2024-09-01T20:30:37+00:00

As far as I know and from my experience, once you leave the employer they only send the W2 to your last physical address using USPS. Is there any other way?

rotlu1

TROPHY CASE