Tax4Wealth | knowledgeable video platform for Taxpayers and wealth professionals https://tax4wealth.com Tax and wealth includes GST, Income Tax, ITR (ITR 1, ITR 2), Individual tax saving strategy, mutual fund, ELLS, PPF, FD, FNP, bonds, equity, debts, debentures, liquid funds, gold, NRI issues etc NRI investment in Mutual Funds - Complete Process https://tax4wealth.com/watch/nri-investment-in-mutual-funds-complete-process_xU9AmB6MOUuCLnk.html Fri, 13 Mar 2020 12:46:11 +0000 https://tax4wealth.com/watch/nri-investment-in-mutual-funds-complete-process_xU9AmB6MOUuCLnk.html NRI investment in Mutual Funds. <br> <br>1. Can NRI invest in mutual funds in India? <br> <br>• NRI’s can invest in mutual fund in India. <br>• In case of NRI’s, no special approvals is to be taken from SEBI or RBI, however the documentation can be little more and in case of US and Canadian NRI’s. <br> <br>2. NRE or NRO accounts should be used <br> <br>• An NRI can invest in mutual funds only from a NRE or NRO bank account. <br> <br>3. KYC <br> <br>• One-time documentation required to invest in mutual funds. <br> <br>• For doing your KYC, following documents are required. <br>1. Copy of Passport is compulsory <br>2. Copy of Overseas Address Proof (in English) <br>3. Copy of Indian PAN card <br>4. Two passport size photos <br>5. Fully Filled KYC form <br> <br>4. FATCA <br>• Mainly for foreign Account Holders. <br>• Also, mainly required for US and Canada investors. <br>• One has to provide information like country of tax residence, tax identification number from that country, country of birth, country of citizenship, etc. <br> <br>5. NRI’s from US and Canada <br> <br>• Following are the funds houses accept NRI investments from US and Canada: <br>1. Birla Sun Life Mutual Fund <br>2. SBI Mutual Fund <br>3. UTI Mutual Fund <br>4. ICICI Prudential Mutual Fund <br>5. DHFL Pramerica Mutual Fund <br>6. L&amp;T Mutual Fund <br>7. PPFAS Mutual Fund <br> <br>8. Sundaram Mutual Fund <br> <br>6. NRI Taxation rules <br>• Equity and Debt Taxation <br> <br>Capital Gain taxation for NRI’s <br> <br>1. Equity oriented Mutual fund Scheme <br> <br>Short Term Capital Gain <br>15% <br>Long Term Capital Gain <br>10% (if capital gain exceeds <br>Rs. 1Lacs. ) <br> <br>2. Other than Equity oriented Mutual fund Scheme <br> <br>Short Term Capital Gain <br>30% <br>Long Term Capital Gain <br>20% with Indexation <br>10% without Indexation <br> <br>7. How redemptions work for NRI? <br> <br>• Now a day’s we can say that redemption is very easy process. Even within 48 Hours you can receive the Money easily. <br> <br> <br> <br> <br>Social site link <br>1)<a href="https://www.facebook.com/HelloTaxIndia/" target="_blank" class="hash" rel="nofollow">https://www.facebook.com/HelloTaxIndia/</a> <br>2)<a href="https://hellotaxindia.tumblr.com/" target="_blank" class="hash" rel="nofollow">https://hellotaxindia.tumblr.com/</a> <br>3)<a href="https://twitter.com/HelloTaxIndia/" target="_blank" class="hash" rel="nofollow">https://twitter.com/HelloTaxIndia/</a> <br>4)<a href="https://plus.google.com/u/0/112271030624516106296" target="_blank" class="hash" rel="nofollow">https://plus.google.com/u/0/112271030624516106296</a> <br>5)<a href="https://www.linkedin.com/company/hello-tax/" target="_blank" class="hash" rel="nofollow">https://www.linkedin.com/company/hello-tax/</a> <br>6)<a href="https://www.instagram.com/hellotax_india/" target="_blank" class="hash" rel="nofollow">https://www.instagram.com/hellotax_india/</a> <br>7)<a href="https://www.youtube.com/channel/UCcIX9jMD73dUzla7acadLYw" target="_blank" class="hash" rel="nofollow">https://www.youtube.com/channe....l/UCcIX9jMD73dUzla7a</a> <br> <br>Google play store link <br>1)https://play.google.com/store/apps/details?id=com.future.hellotaxindia&amp;hl=en_GB (HelloTax India) <br>2)<a href="https://play.google.com/store/apps/details?id=com.iTechflock.hellotax" target="_blank" class="hash" rel="nofollow">https://play.google.com/store/....apps/details?id=com.</a> (ITR Efiling) <br> <br> Website link <br>1)<a href="http://www.hellotaxindia.in/" target="_blank" class="hash" rel="nofollow">http://www.hellotaxindia.in/</a> (for more video) <br>2)<a href="https://hellotax.co.in/" target="_blank" class="hash" rel="nofollow">https://hellotax.co.in/</a> (ITR Efiling HelloTax ) <br> <br>#MutualFunds <br>#NRI <br>#Capitalgain <br>#InvestmentinMutualFunds TDS on Buying a Property from NRI in Hindi https://tax4wealth.com/watch/tds-on-buying-a-property-from-nri-in-hindi_Ia9FydL7B6EV3wJ.html Mon, 17 Feb 2020 08:05:54 +0000 https://tax4wealth.com/watch/tds-on-buying-a-property-from-nri-in-hindi_Ia9FydL7B6EV3wJ.html TDS on Buying a Property from NRI <br> <br> <br>Particulars LESS THAN 50 L 50 LAKH TO 1 CR MORE THAN 1 CR <br>Tax Rate 20% 20% 20% <br>Add: Surcharge 0% 10% of above 15% of above <br>Total Tax including Surcharge 20% 22% 23% <br>Add: Cess 4% 4% 4% <br>Applicable TDS Rate 20.80% 22.88% 23.92% <br> <br>Short Term Capital Gain – If the property is held for a period of less than 2 years then the gain arising to the non-resident is short-term in nature and taxable according to the applicable income tax slab. The surcharge and cess shall also be added to the applicable tax rate as per the income tax slab in the similar manner as calculated above for the long-term capital gain. short term gains shall be taxed at the applicable income tax slab rates i.e. 30% (31.20%) <br> <br> <br>General Requirement for Buyer TDS on Buying a Property from NRI <br> <br>A lot of compliances has been applied to the buyer at the time of purchasing the property from non-resident. These compliances are exactly similar which is required to be followed for filling a TDS return: – <br> <br>• Buyer should have TAN (Tax Deduction and Collection Account Number). <br> <br>• TDS deducted should have been deposited within 7 days from the end of the month in which TDS is deducted. For example, if TDS is deducted on 28th June then the deposit due date is 07thof July. <br> <br>• TDS deducted is required to be deposited using Challan No./ITNS 281. <br> <br>• TDS return is required to be submitted within 31 days from the end of the quarter in which TDS is deducted using TDS Form 27Q. <br> <br>• TDS certificate is required to be generated after filing TDS return within 15 days from the due date of submission of TDS return. <br> <br>How shall the TDS be deducted in a case where the property to be sold is jointly owned by a resident and an NRI? <br> <br>TDS for a resident shall be deducted @ 1% and for NRI @ 20.8% of the value in proportion of their holding. <br>For example; a property equally and jointly owned by Mr. A (resident) and Mr. B (NRI) is to be sold at Rs 80 lakh rupees, TDS shall be deducted @1% on Rs. 40 lakhs for MR. A and @ 20.8% on Rs 40 lakhs for Mr. B. <br> <br> <br><a href="https://www.youtube.com/channel/UCpLA1d2SabkUKkrlzg4AOqA?view_as=subscriber" target="_blank" class="hash" rel="nofollow">https://www.youtube.com/channe....l/UCpLA1d2SabkUKkrlz</a> <br> <br> <br>Follow me on Social Media: <br> <br>1. Facebook : <a href="https://www.facebook.com/tax4wealth" target="_blank" class="hash" rel="nofollow">https://www.facebook.com/tax4wealth</a> <br>2. Linkedin : <a href="https://www.linkedin.com/in/tax4-wealth-4aa2b718b/" target="_blank" class="hash" rel="nofollow">https://www.linkedin.com/in/tax4-wealth-4aa2b718b/</a> <br>3. Twitter : <a href="https://twitter.com/tax4wealth" target="_blank" class="hash" rel="nofollow">https://twitter.com/tax4wealth</a> <br>4. Tumblr : <a href="https://tax4wealth.tumblr.com/" target="_blank" class="hash" rel="nofollow">https://tax4wealth.tumblr.com/</a> <br>5. 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Medium : <a href="https://medium.com/@bhartichawla27" target="_blank" class="hash" rel="nofollow">https://medium.com/@bhartichawla27</a> <br> <br> <br>Google Play Store <br>https://play.google.com/store/apps/details?id=com.future.hellotaxindia&amp;hl=en_IN <br> <br> <br>▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾ <br> <br>➨ Website:<a href="https://tax4wealth.com/" target="_blank" class="hash" rel="nofollow">https://tax4wealth.com/</a> <br>➨ Writes to us: tax4wealth@gmail.com <br>▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾ <br>#TDSonproperty <br>#popertysellbyNRI <br>#TDSonNRIseller TDS : TDS for Resident and Non Resident in Detail https://tax4wealth.com/watch/tds-tds-for-resident-and-non-resident-in-detail_KIDfq7i8hSfFkO5.html Wed, 28 Aug 2019 06:56:19 +0000 https://tax4wealth.com/watch/tds-tds-for-resident-and-non-resident-in-detail_KIDfq7i8hSfFkO5.html TDS for Resident and Non Resident <br> <br>Discussion about TDS, Applicability, Limits, Section, Form 26As and Form 16. <br>1. TDS: <br>• TDS stands for Tax Deduction at Source. <br>2. TDS Deduction , Deposit and Certification Process <br>3. Applicability of TDS <br>4. TDS which is deducted on the specified Transaction mentioned <br> under Income Tax Act. These Transactions are given below with <br> their Section and their Limits. <br> <br> 192 Salary Income <br> Limits: As per Basic Exemption limit &amp; Deduction <br> <br>193 Interests on Securities <br>Limits: 50,000 <br>TDS rate in % 10%, if no pan than 30% <br> <br>193 Interests on Debenture <br> Limits 5,000 <br> TDS rate in % 10% <br> <br>194 Dividend other than listed company <br> Limits NA <br> TDS rate in % 10% <br> <br>194A Interest other than on securities by Bank. <br> Limits 5,000 <br> TDS rate in % 10% <br> <br> 194D Payment of Insurance Commission. <br> Limits 15,000 <br> TDS rate in % 5% <br> <br>194I Rent of Land , Building and Furniture <br> Limits 2,40,000 <br>TDS rate in % 10% <br> <br>194I Rent of Plant &amp; Machinery <br> Limits 2,40,000 <br>TDS rate in % 2% <br> <br>194C Payment to contractor/ Subcontractor. <br> Limits 1,00,000 <br> TDS rate in % 1% <br> <br>5. Applicability of TDS on Non Resident Indian ( NRI) <br>• In case of NRI, TDS will be deducted only on that incomes which are liable to tax in India or earned at the source of India. <br> <br>6. Due Date for Payment / Depositing TDS / Return filed <br>7. 26AS and Form 16A <br> <br> <br><a href="https://www.youtube.com/channel/UCpLA1d2SabkUKkrlzg4AOqA?view_as=subscriber" target="_blank" class="hash" rel="nofollow">https://www.youtube.com/channe....l/UCpLA1d2SabkUKkrlz</a> <br> <br> <br> <br>Follow me on Social Media: <br> <br>1. Facebook : <a href="https://www.facebook.com/tax4wealth" target="_blank" class="hash" rel="nofollow">https://www.facebook.com/tax4wealth</a> <br>2. Linkedin : <a href="https://www.linkedin.com/in/tax4-wealth-4aa2b718b/" target="_blank" class="hash" rel="nofollow">https://www.linkedin.com/in/tax4-wealth-4aa2b718b/</a> <br>3. Twitter : <a href="https://twitter.com/tax4wealth" target="_blank" class="hash" rel="nofollow">https://twitter.com/tax4wealth</a> <br>4. 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Medium : <a href="https://medium.com/@bhartichawla27" target="_blank" class="hash" rel="nofollow">https://medium.com/@bhartichawla27</a> <br> <br>Google Play Store <br>https://play.google.com/store/apps/details?id=com.future.hellotaxindia&amp;hl=en_IN <br> <br> <br> <br>▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾ <br> <br>➨ Website:<a href="https://tax4wealth.com/" target="_blank" class="hash" rel="nofollow">https://tax4wealth.com/</a> <br>➨ Writes to us: tax4wealth@gmail.com <br>▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾ NRI investment in Mutual Funds - Complete Process https://tax4wealth.com/watch/nri-investment-in-mutual-funds-complete-process_lMRrq7MuyxghChV.html Wed, 07 Aug 2019 10:14:09 +0000 https://tax4wealth.com/watch/nri-investment-in-mutual-funds-complete-process_lMRrq7MuyxghChV.html NRI investment in Mutual Funds. <br> <br>1. Can NRI invest in mutual funds in India? <br> <br>• NRI’s can invest in mutual fund in India. <br>• In case of NRI’s, no special approvals is to be taken from SEBI or RBI, however the documentation can be little more and in case of US and Canadian NRI’s. <br> <br>2. NRE or NRO accounts should be used <br> <br>• An NRI can invest in mutual funds only from a NRE or NRO bank account. <br> <br>3. KYC <br> <br>• One-time documentation required to invest in mutual funds. <br> <br>• For doing your KYC, following documents are required. <br>1. Copy of Passport is compulsory <br>2. Copy of Overseas Address Proof (in English) <br>3. Copy of Indian PAN card <br>4. Two passport size photos <br>5. Fully Filled KYC form <br> <br>4. FATCA <br>• Mainly for foreign Account Holders. <br>• Also, mainly required for US and Canada investors. <br>• One has to provide information like country of tax residence, tax identification number from that country, country of birth, country of citizenship, etc. <br> <br>5. NRI’s from US and Canada <br> <br>• Following are the funds houses accept NRI investments from US and Canada: <br>1. Birla Sun Life Mutual Fund <br>2. SBI Mutual Fund <br>3. UTI Mutual Fund <br>4. ICICI Prudential Mutual Fund <br>5. DHFL Pramerica Mutual Fund <br>6. L&amp;T Mutual Fund <br>7. PPFAS Mutual Fund <br> <br>8. Sundaram Mutual Fund <br> <br>6. NRI Taxation rules <br>• Equity and Debt Taxation <br> <br>Capital Gain taxation for NRI’s <br> <br>1. Equity oriented Mutual fund Scheme <br> <br>Short Term Capital Gain <br>15% <br>Long Term Capital Gain <br>10% (if capital gain exceeds <br>Rs. 1Lacs. ) <br> <br>2. Other than Equity oriented Mutual fund Scheme <br> <br>Short Term Capital Gain <br>30% <br>Long Term Capital Gain <br>20% with Indexation <br>10% without Indexation <br> <br>7. How redemptions work for NRI? <br> <br>• Now a day’s we can say that redemption is very easy process. Even within 48 Hours you can receive the Money easily. <br> <br><a href="https://www.youtube.com/channel/UCpLA1d2SabkUKkrlzg4AOqA?view_as=subscriber" target="_blank" class="hash" rel="nofollow">https://www.youtube.com/channe....l/UCpLA1d2SabkUKkrlz</a> <br> <br> <br> <br>Follow me on Social Media: <br> <br>➨ Facebook: <a href="https://www.facebook.com/tax4wealth" target="_blank" class="hash" rel="nofollow">https://www.facebook.com/tax4wealth</a> <br>➨ Linkedin: <a href="https://www.linkedin.com/company/tax4wealth" target="_blank" class="hash" rel="nofollow">https://www.linkedin.com/company/tax4wealth</a> <br>➨ Twitter: <a href="https://twitter.com/tax4wealth" target="_blank" class="hash" rel="nofollow">https://twitter.com/tax4wealth</a> <br> <br>Google Play Store <br>https://play.google.com/store/apps/details?id=com.future.hellotaxindia&amp;hl=en_IN <br> <br> <br> <br>▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾ <br> <br>➨ Website:<a href="https://tax4wealth.com/" target="_blank" class="hash" rel="nofollow">https://tax4wealth.com/</a> <br>➨ Writes to us: tax4wealth@gmail.com <br>▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾ <br> <br>#NRI <br>#Mutualfund <br>#CapitalGain