Tag Archive For "FD"
Amount received as gift by any blood relative living in US is not taxable in India
This article was first published on livemint. I am a US resident and gifted money to my parents in India. They invested that in mutual funds in their name. Are there any tax implications for me? Any amount received as a gift from blood relatives is not taxable in India. Any amount up to $5.6 million …
How to calculate returns on FDs?
Fixed Deposits or FDs are one of the most popular savings instruments in India. Investment in FD can be done for a few weeks to few years at a fixed interest rate. In this article, we will look at the two types of FDs, viz, interest payment and reinvestment. The article highlights the difference between …
Investment Options for NRI’s in India
Looking for investing in India? Even though the traditional sources like PPF and NSC being closed, other opportunities are still available for investment. Few of many investment options for NRI’s in India are FD’s, Real Estate, Mutual Funds and Direct Investing in Stock Markets. Let’s discuss each of this to understand which one is the …
Surprising — how Tax on FD and Bank Accounts reduces your returns
We have often heard that putting our money in banks is a safe way to get fixed returns. Few of us realize that interest generated on savings accounts and fixed deposits is taxable and needs to be declared in annual tax statements. Let us see how these this interest income is taxed. Fixed Deposits Interest …
Prateek Mehta
Simplifying Personal Finance | Co-founder & CEO, Upwardly.in | Runner | Father | Learner
