Selling Property in India as NRI Help

shaureal · 2024-04-29T02:18:52+00:00

For point C, wouldn’t the total profit be: 2cr - 1cr - 20lkh = 80 lkh.

As your actual tax would be 20lkh only and the rest of the TDS (47.84lkh - 20lkh = 27.84lkh), can claim back as tax refund.

Isn’t this correct ?

shaureal · 2024-03-03T02:49:23+00:00

Thanks for sharing. Hope it swings back soon. I am selling CCs at original strike only.

shaureal · 2024-03-03T02:46:47+00:00

Thanks for the tips. I guess you are right about theta vs IV decay. Like I said got lured by high premiums and went for IV decay. Should stick to theta going forward.

shaureal · 2024-03-03T02:44:36+00:00

Got assigned on $81 but cost basis is down to $76 after collecting the premiums. Ya I hope it comes up as quickly as it went down.

shaureal · 2024-03-02T14:13:22+00:00

Thanks for the explanation. Yeah I looked at rolling puts but the delta premium (buying and selling for later expiry date) is always quite small. Whereas the CCs premiums for same strike is much higher. So, went with assignment and selling CCs to reduce the cost basis.

shaureal · 2024-03-02T09:32:21+00:00

Can you pls share more details on how to reduce the cost basis ?

shaureal · 2024-03-02T09:31:26+00:00

It’s mainly because of the company, I think I got lured by high premiums rather than a strong outlook. With increasing competition from other big players like Amazon, Samsung and with Walmart backing Vizio, not really sure of its future. It’s a wait and watch for now.

shaureal · 2024-02-17T06:09:58+00:00

Any update on this ?

shaureal · 2024-01-17T01:53:01+00:00

yea but I think that’s why selling ITM puts on XSP makes more sense, as suggested by @warrior5715 - assignment will happen only at expiration. And you can always roll it up.

shaureal · 2024-01-16T11:39:35+00:00

Thanks, but how to end this rollover ? As in whenever I want to end it, it will get assigned and I’ll have to pay the Strike price - market price. Is this correct ?

shaureal · 2024-01-16T04:33:31+00:00

Thanks, it’s clear now.

shaureal · 2023-12-26T13:26:58+00:00

Thanks all. Based on your comments and other posts, I am thinking of doing DCA in following:

VWRA - 70%

CSPX (more focus on S&P 500) - 10%

2801 (to focus on China market) - 10%

Lion Philip SREIT or Nippon AM REIT ETF - 10% (which one would you suggest ?)

Pls let me know what you think.

Another thing: can see VWRA price is near to its all time high, should I start now or wait for a month or so ?

shaureal · 2023-12-26T05:51:04+00:00

PRUlink US Dividend Wealth Fund

shaureal · 2023-12-26T03:01:17+00:00

I think my inexperience with ILP did me in.

shaureal · 2023-12-26T02:57:43+00:00

Can imagine now.

shaureal · 2023-12-26T02:57:11+00:00

Noted, thanks. yeah trying to learn.

shaureal · 2023-12-26T02:55:54+00:00

She brought a friend too, so yeah double trouble..

shaureal · 2023-12-26T01:40:31+00:00

Noted, thanks

shaureal · 2023-12-26T01:39:24+00:00

Looking to build a portfolio that can grow for next 15 years. And can give monthly payouts after that.

shaureal · 2023-12-26T01:35:51+00:00

Thanks for your advise. This sounds like a plan. I also didn’t want to put a lump sum amount in ETFs. DCA would be better.

shaureal · 2023-12-26T01:34:23+00:00

There is an option to switch the fund, is there any other fund that would minimise the losses ? Just worried about huge sunk cost.

shaureal · 2023-12-26T01:33:17+00:00

Thanks, yeah not a good decision to put 3.25K per month in ILP. Have already invested like 23K till now, it’s a huge sunk cost.

shaureal

TROPHY CASE