The FinTech Hub
Source: Live Mint I worked with two different establishments from 2011 to 2015 and 2015 to 2016, respectively, for which I was assigned two different UANs and PF accounts. My current organisation, for the past eight years, does not have a provision for PF and, therefore, can not transfer the previous PF accounts. Is there…
Source: Live Mint Query # 1 – I recently purchased a property in Bengaluru at a price higher than the stamp value. The builder informed me that as a Non-Resident Indian (NRI), I am not required to deduct and pay TDS on this transaction. Could you please clarify if this information is accurate? I would…
Source: Live Mint CTC vs in-hand salary: Are you familiar with your pay scale? Why does take-home pay differ from cost to company (CTC)? Why do you receive less than what is depicted on the poster? Understanding the elements that comprise your earnings, such as your gross income, Cost to Company (CTC), and take-home pay,…
Source: Live Mint This is the time of the year when employees are busy submitting investment proofs to their employers. Essentially, investments are meant to be declared to the respective employers during the year and one must submit the proof of investment in order for the employer to deduct TDS (tax deducted at source) accordingly. Meanwhile,…
Source: Live Mint My employer offered me an ESOP two years ago when I joined the company. I will receive these shares in January 2025. I work for an unlisted company, and a listed company promoted me. How much tax will I have to pay if I sell these shares? Do I get an examination…
Source: Live Mint My sister and I inherited a property from our mother in in 2020. I’m a US citizen with an Overseas Citizenship of India (OCI) card, while my sister lives in India. Both of us are now selling the property to an Indian. The buyer has requested my PAN details to deduct TDS….
Source: Live Mint Assume Mr A is an NRI based in the US and his father wants to send him ₹10 lakh from India. A resident Indian can only send money to an NRI’s NRO account. It cannot go in the NRE account because even though NRE is a rupee-denominated account, funds deposited in it…
Source: Live Mint What is the TDS rate for purchasing property from an NRI after 23 July 2024? -Name withheld on request If you purchase immovable property from a non-resident Indian (NRI) after 23 July 2024, the applicable TDS rate depends on the duration the seller held the property: For property held more than 2…
Source: Live Mint I have been a non-resident Indian (NRI) for many years and have invested in Indian stocks using income earned abroad, deposited in my NRE account. In FY25, I sold some shares and made capital gains, but my AD (authorized dealer) banker deducted TDS on the gains. I thought income from NRE accounts…
Source: Live Mint Starting 15 October, salaried individuals can adjust such TCS payments against the tax deducted at source (TDS) on their salaries. Previously, they could only claim a refund of the TCS when filing their tax returns. This affected salaried individuals in particular as professionals could always factor in the TCS while computing advance…
