Finance

Real life experience and money saving tips about home loan, personal finance, credit cards and things that bank would not tell you.

Cost of sending iphone to India from USA

iPhone to India from USA – Custom Duty, Shipping Cost of sending

 16 Aug, 18 

Sending phone from USA to India is expensive than buying in India. Indian Buyer pays the Custom duty and GST tax, at very high rate of 34%. Marking as Gift does not evade custom duty. USPS Global delivery is cheapest. Carrying by hand and not declaring at Indian airport custom can help you evade duty but not safe.

413 Finance
Registered power of attorney for property management in India

Registered Power of Attorney In India For Managing Property

 14 Aug, 18 

Registered power of Attorney In India is required to manage property if you are NRI. Use the sample POA template and register in SDM or registrar office. NRI or non-Indian passport holder need attestation of PoA by Indian embassy before registration in India. Registration at PoA holder's state with address proof.

499 Finance

Unspent Per Diem is Taxable In India if brought back as cash

 2 Aug, 18 

Unspent per diem is taxable in India if brought back and declared in ITR. Only business expenses allowed. Buy laptop, mobile, garment with cash to avoid tax.

155 Finance
Attestation of Power Of Attorney At Indian Consulate

Attestation of Power of Attorney at Indian Consulate – USA

 1 Aug, 18 

Attestation of Power of Attorney at Indian Consulate is required to get POA registered in India for property management. Notary is NOT same as Attestation. Original passport, US address proof, Valid US legal status and 2 passport photo required. US citizens need Apostile by state secretary before attestation.

793 Finance

Income Tax on Google Adsense Income In India from YouTube Blog

 26 Jul, 18 

Indian income tax on google adsense from wordpress, website or youtube channel by salaried professional. Pay advance tax if total tax per year > 10k.

68 Finance

HRA Exemption India Rent Calculator – Save Tax Pay to Wife or Parent

 25 Jul, 18 

HRA exemption for tax refund online calculator. Rent receipts required >3000 /month. Landlord PAN needed >1 Lakh/year. Pay rent to parent/wife to save tax.

81 Finance