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Q11 : Posted by meera mathur
PLEASE REPLY ABOUT FOLLOWING SHARES
1,SURLUX DIAGNOSTICS
2,T.N.EXPLOSIVE
3,CENTURIAN BANK
4,RELIANCE PETROLIUM
5,MRPL
6,AMRUT INDUSTRIES
Reply (Sunil Gandhi) : Other than RPL I am not comfortable with any of them.
Q12 : Posted by Hitesh Patel
Sir,
I am an NRI living in California. I am running a software development firm in US. But I have my development centre in Gujarat. I have a team of 20 software developers working in India. Now I wanted to bring some of my employees to US at some regular time intervals.
My company is registered in US but I havent formed any company or any legal procedures India till now. I have 2 partners in India who takes care of the Indian Unit and have equal share in the company Profit.
So I wanted your advice regarding this.
What should I do to make every thing legal.
What are the procedures to setup up a branch office in India. Will that solution be good one.
Or do I ask the indian partners to setup one Pvt. Ltd. Company and I send all the devlopment work as outsourcing to this company.
Also I would like the employees to come to US on L1 Visa.
I have heard some thing about STPI. Is it neccesary in My Case.
So please suggest me how to go ahead.
Thanks in Advance.
Hitesh
Reply (Sunil Gandhi) : This are issues which involves many laws in India. We can deal with the same on my personal mail at gandhiji@vsnl.com. As this site I am answering queries on tax and finance for resident Indians.
Q13 : Posted by Vishal
I bought 1000 shares of Satyam Computers@Rs.300. What should i do?
Reply (Sunil Gandhi) : Hold on . Future seems to be more better.May sell at 400 if you can hold for some time more.
Q14 : Posted by karruppaiya
is any there private funders to finance for myworking capital requirement.
Reply (Sunil Gandhi) : Send me more about your project details at gandhiji@vsnl.com
Q15 : Posted by Raksha G.
Sir,
Me and my husband are staying in Dubai. We dont have much finance available at hand. But we are interested in purchasing a flat in mumbai for ourselves. We are looking at taking a loan from HDFC. is it the right time for buying a flat by taking a loan. Please advise and also how much is the rate of interest for such a purpose.
Thanks and Regards,
Rakhee G.
Reply (Sunil Gandhi) : Yes, this is a right time. Housing loan interest rates are also low. NRIs are encouraged by Govt. rate of interst is 11.50% . Loan can be availed for 15-20 years.For further help mail me at gandhiji@vsnl.com
Q16 : Posted by P.K. Ghosh
Dear Mr. Gandhi,
I am planning to join a newly formed company leaving my present assignments with a large Industrial group. The new company wants me to design my own compensation structure, within a given total annual package, which I am currently negotiating with them around 9 lakhs, plus free unfurnished house, chaffeur with company car at disposal for official and personal use.
What would be the best way of designing the package taking care of optimising tax liabilities, and also taking care of other security aspects like medical insurance, provident fund etc.
I would be obliged if you can guide me on the design of this compensation package.
Regards,
P K Ghosh
Reply (Sunil Gandhi) : This require more detailed planning and application.You can mail at gandhiji@vsnl.com. Thank You.
Q17 : Posted by Dr.V.K.Agrawal
I am central govt psu employee.I wish to take contract job at Nepal while maintaining lien with my present employer.Please let me know whether salary earned at Nepal is taxable or not.
Reply (Sunil Gandhi) : There are many issues, your stay in India during the year and nature of your job in Nepal. SO send elaborate query to get proper reply.
Q18 : Posted by joaquim pereira
Dear Sir,
I am an NRI most likely to lose my job soon. Presently my only savings in the bank are about 10 lacs rupees in F.Ds. (NRE & NRNR) and i should bring with me another 10 lacs when i come for good. Can you please tell me where i should invest this 20 lacs without paying any tax so I could get maximum monthly returns, even if I have to invest in my wife's name and my son who will be 18 years of age when I come for good. Thanks.
Reply (Sunil Gandhi) : Mutual Funds schemes like Growth , Income funds are the best. There are many discounted schemes which will give better return.For safer mode invest in Post Office schemes, ICICI bonds and RBI Bonds. Stock of good companies are also good.So combination of all these will make your money earning for you.
Q19 : Posted by vsmishra
Dear Sir,
Please let me know most profitable way for retirement planning, due to retire in APRIL 02.I am a PSU employee and there is no pension facility.
Reply (Sunil Gandhi) : Mutual Funds schemes are the best bet after retirement. There are monthy and annual income options. Keep some money in Post Office schemes and Banks. All the best.
Q20 : Posted by Arihanth Jain
Which is the Best investment for NRI at present? Because the Bank interest rates are come down very low in India. I need above 12% appreciation per annum safely.
Thank you for your service.
Reply (Sunil Gandhi) : We thats the truth and one has to face it. Safety and higher return is not possible now.You can invest in debentures listed in the exchange or discounted schemes of mutual funds for higher return. You must actively manage your investments to earn more.
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