Investment Shastra

4 comments

  • Good artical, My daughter who is studying in Sigapore from last 4 years, she comes on and off in vacation to india, does she being treated as NRI?
    And on her behalf i m doing some investment here in India, and she has some old investment which is genreting income (Bonds interest (infra Bond), dividend on shares NSC KVP )How will this be treated.? can pl guide on this
    Thanks
    Mrs. Naxita Merchant

    • mam my name mukesh kr I am from JM financial If you need any clarification or help you can call me at 9818652777 I will assist you. thanks and regards

  • Good information. I have a couple of queries. I work in the gulf and my work cycle is 28days job and 28days vacation in India. I get salary for my vacation period as well. What would be my status? A resident or an NRI? I remit my salary from the gulf to my indian NRE account. Please advise…
    My email address is smilingkhj@yahoo.com.
    Thanks and regards,

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MoneyWorks4ME

  • @sanjaysoni_k9 Hi. You're right. It can be in Fixed Income products. For simplicity sake assumed just 12% return and booked annually.
  • @hemanthd1981 Hi. Thanks. I thought of simplifying. Hence avoided brokerage/tax/asset class.