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NRI Services

Can NRI Buy Property In India?

Yes, an NRI / OCI can buy properties in India. The purchase and sale of immovable assets in India by non-resident Indians (NRIs) is under the purview of the Foreign Exchange Management Act (FEMA) and is administered by the Reserve Bank of India (RBI). An NRI is an Indian citizen who is a resident outside India, according to FEMA. An OCI (overseas citizen of India) is a Non-Indian citizen who or whose parents or grandparents were born in India. NRIs & OCIs are treated the same for investment in real estate. Therefore we will address them as NRIs going forward.

Should an NRI Buy Property In India?

All NRIs know that India is one of the fastest-growing economies in the world. Its Real Estate Sector contributes around 10% to the country’s GDP. With the Indian government looking to spend billions of dollars more on developing infrastructure, the growth of the Indian Real Estate Sector is not stopping. Investment in the real estate sector is one of the safest options for investment for an NRI in India.

However, a shift is being seen in NRI investments in India. The NRIs now prefer investment in financial assets to physical assets. We at Ashutosh Financial Services also believe that an NRI should prefer investing in Finance Assets over Physical Assets to get the maximum returns on their investments. Below are the reasons why an NRI should choose Financial Assets (Mutual Funds, Portfolio Management Services, Fixed Deposits, etc.) Over Physical Assets (Land, Residential Property, Commercial Property): 

  1. Liquidity: Physical assets like land, residential or commercial property are generally considered ill-liquid assets. On the other hand, financial assets like mutual funds, portfolio management services, and fixed deposits are easily sellable at the click of a button. Another key difference is that to sell land; an NRI must find a buyer, agree to a specific price and then recieve the sale proceeds. On the other hand, in financial assets like mutual funds or fixed deposits, an NRI can receive the entire funds back in their bank account in a week. Further, there is also a lot of unaccounted money involved in transacting in real estate which can become cumbersome for an NRI to manage.
  2. Returns: Everyone knows that the long-term returns of financial instruments like mutual funds and portfolio management services will outperform the returns of physical assets like land, residential property, commercial property, etc. The case of India is no different in this regard. The returns of Indian financial assets have consistently beaten the returns of physical assets over the last three decades.
  3. Management of Assets: Physical assets demand resources for management, upkeep, and security to maintain an asset properly. On the other hand, modern financial assets are professionally managed and require no time or resource devotion from you. Managing physical assets is time and money-consuming, whereas financial assets do not need either. 
  4. Correlation To Economic Growth: The Returns of physical assets decreases when the economy grows. It happens because when the economy grows, infrastructure grows too, and people tend to live in distant locations with the growth of infrastructure. Distant locations are areas that are away from the center of the city. As people shift to distant locations, there is a significant increase in the supply of real estate, which reduces the returns on a real estate investment. However, the returns of financial assets are in line with economic growth. The returns from financial assets rise with broader economic growth. The higher the economic growth, the higher the returns from the financial assets.
  5. Next Generation: The next generation NRIs are not intending to relocate to India or visit India frequently. Moreover, since NRIs do not intend to use the property, it does not make much sense for them to own real estate assets. Moreover, visiting India to manage the assets can also be a challenging task for them. 

Types of Properties an NRI can buy in India:

NRIs can buy property in India as long as they comply with the FEMA and RBI guidelines. There are no restrictions on the number of properties an NRI can buy in India. There are various types of properties that an NRI can buy in India. An NRI can buy any residential or commercial property in India. However, an NRI cannot purchase any agricultural land, farmhouse, or plantation property in India. 
The RBI releases various directives from time to time on the properties an NRI can buy in India. These directives help the NRIs abide by the laws while buying properties in India. .As per the directives, NRIs cannot engage in real estate business in India, i.e. dealing in regular buying and selling of land within short intervals in greater volumes. It is important to note that an NRI need not disclose to the RBI all the properties they purchased in India. in India. These directives help the NRIs abide by the laws while buying properties in India. .As per the directives, NRIs cannot engage in real estate business in India, i.e. dealing in regular buying and selling of land within short intervals in greater volumes. It is important to note that an NRI need not disclose to the RBI all the properties they purchased in India.

How Can an NRI Buy & Sell Properties In India?

An NRI can buy residential and commercial properties in India without any restrictions. NRIs can pay either through standard banking channels by remittance from a foreign bank account or use their NRE/NRO account balances. NRIs cannot pay for properties using traveller’s cheques or foreign currency in India. Many NRIs are investing in the Indian property markets due to the depreciating rupee. A depreciating rupee would enable the NRIs to generate abnormal returns due to exchange rate fluctuations.

It is advisable for NRIs to buy properties in India either through remittances from abroad or through an NRE account. This would enable an NRI to easily repatriate the sale proceeds of the property outside India after paying appropriate taxes. However, in the case of residential house properties, the repatriation of funds is restricted to the sale of a maximum of two properties. Repatriation beyond that will have to be done under the 1 million US dollar repatriation scheme of RBI.

Documents Needed By The NRIs To Buy Property In India:

An NRI can buy property in India by using the following documents: 

  1. Passport or OCI Card
  2. Pan Card
  3. Power Of Attorney (In case the NRI is unable to come to India to complete the purchase)
  4. Utility Bills (For proof of current residence) 
  5. Passport Size Photo. 

Can an NRI Buy Property In India Without Coming To India?

Yes, an NRI can buy property in India without coming to India through a Power Of Attorney (POA). An NRI can give their friends or relatives a POA to complete the purchasing process in India. An NRI can create a custom POA to give specific rights to the representative buying property on their behalf. A POA would ensure that an NRI can buy a property in India without coming to India. 

How Can We Help You?

At Ashutosh Financial Services Private Limited, we have assisted the NRIs with their real estate requirements for over 20 years. We also support the NRIs in relevant tax compliance and procedural compliance relating to property buying in India. Our team specializes in creating Power Of Attorney (POA) for NRIs. 
We thoroughly discuss with the NRIs their requirements for buying property in India. After this, we inform the NRIs regarding the procedures and compliance they must adhere to. We also discuss with NRIs how they should route their funds and which bank accounts they should use to get the maximum benefit. Our team would additionally suggest the NRIs various ways in which they can save tax while buying property in India. 
We also help the NRIs draft a Power Of Attorney (POA). Our team would discuss with the NRIs the power they wish to give their representative. Our team also helps the NRIs in both drafting and notarizing the POA. We will also assist the NRIs in drafting the POA, keeping in mind their objectives.
Apart from providing the above-mentioned financial services to the NRIs, we also offer NRI Banking, NRI Investment, NRI Insurance, NRI Income Tax & Foreign Tax Compliance Services. We are a one-stop professional financial services provider company. We aim to provide the NRIs with quality financial services for all their Investment needs.
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NRI Services

NRI Investment Options in India-Fixed Income Options.

India is uniquely placed in today’s geo-political environment. With the highest number of young people, a robust startup ecosystem, and a proactive government willing to provide all the opportunities, India is finally unlocking its growth story. India is uniquely poised to grow in an environment wherein the other major economies of the world are starring at a slowdown. On top of this, the government has launched several measures that would transform the Indian economy into a behemoth. All the above factors make India the most attractive NRI Investment option. However, the key problem lies in the fact that there are multiple NRI Investment Options in India for the NRI.

NRI Investment Options in India can be divided into 1) NRI Investment Options in India – Equity Oriented Instruments & 2) NRI Investment Options in India – Fixed Income Instruments. As India is still a developing country, various fixed-income instruments are available for an NRIs investment. A lot of NRIs generally invest in Indian for the sole purpose of earning stable and secure returns. The below-mentioned fixed-income instruments offer fixed & guaranteed returns on the NRI’s investment. The prospect of fixed and guaranteed returns offers the NRIs better insight regarding their future plans.

 

Here are a few fixed NRI Investment Options in India:

1) Corporate Fixed Deposits

An NRI can invest in corporate fixed deposits to get assured/guaranteed returns. In India, banks and non-banking financial companies can issue fixed deposits. The fixed deposits issued by banks are called fixed deposits, whereas the fixed deposits issued by NBFCs are called corporate fixed deposits. An NRI has to invest a lumpsum into a corporate fixed. At the time of investing, based on the interest rate of the fixed deposits, the NRI can easily calculate the amount he will receive at maturity.
Corporate Fixed Deposits are issued by giant corporations with a stable financial background. These companies have played a vital role in India’s growth since its independence. At Ashutosh Financial Services, we suggest corporate fixed deposits of companies like Bajaj Finance, Mahindra Finance, HDFC, etc. These are giant companies with very stable financial backgrounds. These companies have consistently given fixed returns on all their deposits over the last decade.

2) Guaranteed Returns Insurance Plans

The most appealing fixed-income investment option for NRIs in India is a Guaranteed Returns Insurance Plan. As an NRI Investment Option in India, the Guaranteed Returns Insurance plan offers the NRI the dual benefit of investment & insurance. In this plan, an NRI has to invest or pay the premium for a certain number of years, after which the NRI gets a fixed/guaranteed return. The return of a guaranteed return insurance plan is entirely tax-free, making it one of the most attractive NRI investment options in India.

We all know that life is uncertain, and investment is paramount to a stable life. A Guaranteed Returns Insurance Plan helps the NRI satisfy the above requirements. As an NRI Investment Option in India, it offers the NRI complete safety as the return is guaranteed and carries an insurance cover for any unforeseen contingency.

3) Fixed Maturity Plans

Another fixed-income NRI investment option in India is – The fixed Maturity Plan. As the name suggests, a fixed maturity plan offers an NRI a fixed sum of money on maturity. Generally, in this type of plan, the maturity amount is pre-fixed at the time of investment. In this plan, an NRI has to pay the premium (investment) for a fixed number of years and receive a fixed amount on maturity.
The corpus received by the NRI on maturity is entirely tax-free. Moreover, since the maturity amount is fixed at the time of investment, the NRI will get a fixed return in the long term regardless of economic fluctuations.

4) Pension Plan

A pension plan is a type of plan that offers an NRI fixed long-term income post-retirement. As an NRI Investment option in India, it secures the NRI’s future and assists the NRI with any post-retirement contingencies. A pension plan can be specially curated to offer various monthly & lumpsum payments to ensure that an NRI has an independent life.
As an NRI investment Option in India, an adequately set pension plan is a must if an NRI is looking to settle/retire in India. A pension plan provides a guaranteed sum of money as per the agreement made while investing. Since it offers guaranteed returns, the NRI can have a stable and secure retired life without any worries.

How Can We Help You?

Ashutosh Financial Services has been serving the needs and requirements of the NRIs for over 20 years. We are a professional financial company that provides a wide range of NRI Services. Our aim is to simplify the NRI investment process and provide quality & unbiased advice to the NRIs. We have separate departments for providing different NRI services to the NRIs. Our team consists of qualified professionals who have years of experience of handling NRI Investments.

At Ashutosh Financial Services we offer the NRIs a variety of options relating to fixed-income instruments. We also suggest the NRIs legal ways to save taxes both pre & post investment. Ashutosh Financial Services has a presence in India’s key financial cities like Mumbai, Ahmedabad, and Rajkot. We have state-of-the-art offices in all these 3 cities. We also have a robust digital infrastructure for online services. 

As a financial services provider company, we provide a wide array of NRI services like NRI Investment, NRI Insurance, NRI Income Tax Compliance, and NRI Foreign Tax Compliance services. We keep ourselves updated with all the recent updates on the rules and regulations regarding NRI Investment Options in India. We follow a process driven approach to provide quality services to the NRIs.

Below are the key USPs that make us one of the best NRI services provider in India:
1) Dedicated Relationship Manager: At Ashutosh Financial Services, we assign you a dedicated relationship manager right from our first meeting. The said relationship manager will assist you throughout your process of investing. The relationship manager would be your one-point contact for your current and future needs with Ashutosh Financial Services. Even after completing the investment process, the relationship manager will be available for all your future investment needs.
2) Dedicated & In-House Research & Analysis Department: Another key feature that enables us to provide efficient and quality NRI services is our dedicated in-house research and analysis department. Helmed by qualified and professional members, it tracks the performance of all the NRI Investment Options in India. The research & analysis team, based on the information provided about you, will carefully select the best investment scheme for your investment.

Our Simplified & Efficient Process For Your Investment is as under:

1) Preliminary Discussion: It is the most important part of the process. In this, we will have a detailed discussion with you regarding your investment objectives, expected returns, duration of investment, etc. We also collect your basic details to work up your risk profile.

2) Risk Profiling: Risk profiling is the process through which we assess how much risk you should ideally take to achieve your investment objectives. Risk profiling enables us to pick the right investment option based on your expectations while keeping your investments as risk-free as possible.

3) Research & Analysis: Based on the data collected after preliminary discussion and risk profiling, the research and analysis department will pick the right investment scheme for you. The research & analysis team will compare various schemes and pick the best one for your investment.
4) Investment Process: Once the schemes are finalized, we will approach you again with the necessary investment documents and a detailed plan for achieving your investment goals. We will also discuss the taxation aspect of your investment.

We are a one-stop financial services provider. As an ISO-certified company, we adhere to the highest standards of professionalism in our service. At Ashutosh Financial Services, we assure you that we will provide you quality and unbiased advice for all your investments. 

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NRI Services

Can NRI Invest in Mutual Funds?

Yes, an NRI can invest in mutual funds in India as long as the NRI adheres to the rules of the Foreign Exchange Management Act (FEMA). India is slowly and steadily unlocking its growth story and, in the process, creating a vast amount of wealth for all the investors investing in its growth story. India is one of the fastest-growing economies in the world. The Indian stock market is also one of the best-performing markets in the world.
India has been a constant recipient of massive FDI & FII inflows. A majority of these inflows get directly invested in Mutual Funds. Mutual Funds are one of India’s most sought out investment options for NRIs in India. Many NRIs invest in mutual funds due to their easy and simplified investment and redemption process.

How Can NRI Invest in Mutual Funds?

An NRI can invest in mutual funds. However, it is not as simple as it is for a resident Indian. There are only a few ways through which an NRI can invest in mutual funds. Below is the process of how an NRI can invest in mutual funds:

Step 1 - NRI Bank Accounts

An NRI needs to have an NRI bank account to invest in mutual funds in India. An NRI can open an NRE/NRO account with any Indian bank to do banking transactions in India. An NRE account is advisable for an NRI since it is convenient to transfer their foreign income back and forth from India. 

Step 2 - Get Your KYC Done

KYC stands for Know Your Consumer. The KYC is a form SEBI introduced for establishing customer identity, customer activities, and customer’s source of funds. SEBI purposefully designed the KYC standards to protect the financial institutions from fraud, corruption, and money laundering. 
An NRI can submit the following documents to complete their KYC process:
  1. Overseas Address Proof
  2. Indian Address Proof
  3. A Copy of The Passport
  4. Recent Photograph
  5. A Copy of The Pancard
  6. Bank Statement

Step 3 - Investment Procedure

An NRI can invest in mutual funds through a professional financial services company. An NRI can invest in mutual funds through offline and online channels. The offline method includes filling in forms and cheques, whereas the online method includes investing through net banking. 
An NRI can also invest in mutual funds by assigning a Power Of Attorney (POA) to another person. In cases where the NRI has issued a power of attorney (POA) to another individual, the said individual can invest in mutual funds on behalf of the NRI.

Why Should An NRI Invest In Mutual Funds?

Professionally Managed Funds: Mutual Funds are professionally managed, which frees the NRIs from the tedious task of stock research and analysis. Moreover, the transparency of a mutual fund scheme ensures that the NRI knows all about his investment. 

Multiple Schemes: There are various types of mutual funds – Equity, Debt, Hybrid, etc. Each type of mutual fund has its advantages and disadvantages. An NRI can choose the kind of mutual fund to invest in based on his objectives. 

Diversification Of Risk: Investing in mutual funds enables the NRIs to diversify the investment basket/portfolio. An NRI could have invested in various financial instruments in India and investing in mutual funds would diversify the NRIs overall investment portfolio.

Mutual Fund Taxation For NRIs:

As discussed earlier, NRIs can invest in mutual funds. Hence the NRIs also need to comply with the necessary taxation requirements. The NRI needs to be aware of two types of taxes – Short Term Capital Gain Tax (STCG) & Long Term Capital Gain Tax (LTCG). STCG is applicable when an NRI purchases and redeems mutual funds within one year. LTCG is applicable when an NRI redeems the mutual funds after the completion of 1 year of purchase. 
For Equity Oriented funds, the STCG tax rate is 15%, (holding period less than 1 year) whereas the LTCG tax rate is 10% without indexation benefits. For Debt Oriented funds (holding period less than 3 years), the STCG is as per the NRIs income tax slab, whereas the LTCG tax rate is 10% without indexation benefits. 
Moreover, India has entered into the DTAA (Double Tax Avoidance Agreement) with more than 90 Countries. DTAA agreement ensures that the same income cannot be taxed in 2 countries. As per this agreement, the NRI has to pay tax on the gains made on mutual funds in India only and not in the NRIs country of residence. Most NRIs can take benefit of India’s DTAA agreement with the country of their residence and invest freely in India.

How Can We Help You?

Ashutosh Financial Services Private Limited is a professional NRI services provider company. We have been assisting and serving the needs and requirements of the NRIs for over 20 years. We have happily served over 500+ NRIs with their various needs and requirements for investing in India over the last 20+ years.

NRI investments are a complicated matter as an NRI needs to adhere to various rules of the Foreign Exchange Management Act (FEMA), Income Tax, Reserve Bank Of India (RBI), etc. An NRI must comply with all the rules of various institutions to avoid unnecessary troubles.

Through our years of experience, we at Ashutosh Financial Services have created many custom processes. We have designed them specifically to simplify the entire process of NRI investments. At Ashutosh Financial Services, we have a team of experienced employees who are well-versed in an NRI investment’s intricacies.

At Ashutosh Financial Services, we follow a process-driven approach to cater to an NRI’s needs. The steps of the process are as under:
  • Preliminary Discussion: Thorough Discussion about the NRI’s objectives, needs, and requirements. We also discuss the taxation part of the investment.
  • Risk Profiling: Based on our preliminary discussion, we determine the maximum level of risk an NRI should take to attain his objectives & goals.
  • Research & Analysis: We do in-depth research and analysis of the schemes and plans where the investment needs to be made to attain the NRIs objectives. We boast of an in-house research & analysis department
  • Investment Process: After all the necessary analysis, we approach the NRI again with a detailed plan/outline of how the investment needs to be done and how the investment objectives will be attained.
  • Dedicated Relationship Manager: Every investor has a dedicated relationship manager at Ashutosh Financial Services. In the same way, an NRI investor would also have a dedicated relationship manager, who shall be the one-point contact for the NRIs future needs. The relationship manager will be available to assist the NRI with all their requirements.

Ashutosh Financial Services is a one-stop financial services provider. At Ashutosh Financial Services, we believe in providing quality and unbiased financial services to the NRIs.

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NRI Services

NRI Investment Options in India – Equity Instruments.

Everyone is aware that India will unleash its growth story and, in the process, create a vast amount of wealth for all investors. However, the real problem is deciding where to invest in India. As an NRI, you would be unaware of all the rules and regulations relating to investing in India. Moreover, there are a lot of NRI Investment Options In India for the NRIs. However, an NRI needs to know all the advantages and disadvantages of every NRI Investment Options In India before selecting one.

The Indian economy is one of the fastest-growing economies in the world and will continue to be the same over the next decade at least. Naturally, such impending growth would create loads of wealth for anyone who invests in India’s growth story. India continues to be the global bright spot for smart investments. Naturally, this makes India the perfect place for NRIs to invest their money. Moreover, India is also the preferred investment destination for the NRIs due to its motherland appeal.

The Best NRI Investment Options In India - Equity Oriented Instruments.

1) Mutual Funds

Mutual Funds are one of the most stable and safe investment options for NRIs in India. Mutual funds are one of the most preferred NRI investment options in India for NRIs. Various types of mutual funds are available for the NRI to invest in. An NRI can choose from Equity, Debt, Hybrid, or Solution Oriented Mutual Funds based on their objective and risk appetite. 

Qualified individuals professionally manage Mutual Funds. The allocation in a mutual fund is done after thorough research & analysis. Moreover, the investment in a mutual fund depends on the nature of the underlying scheme/fund’s objective. The information regarding mutual fund investment is readily available to investors to ensure greater transparency. 

2) Portfolio Management Services

Another preferred investment option for the NRIs in India is Portfolio Management Services (PMS). PMS is the ideal investment option for NRIs who prefer investing directly in stocks. A team of professional individuals with years of experience handle a PMS. PMS invests directly in stocks after thorough research and analysis. 

There are various types of Portfolio Management Services, and an NRI can choose one according to his investment objectives and risk-taking abilities. PMS is one of the ideal NRI Investment Options In India as the NRI has to invest the money and let the professional fund managers do their job.

NRI Investment Options In India - Alternate Equity-Oriented Instruments

1) Unlisted Shares

We all know India is unlocking its growth story. Similarly, there are a lot of companies in India that are yet to unlock their true potential. The startup age has brought about a lot of disruptive companies that can revolutionalize entire industries in the future. The recent frenzy in the stock markets has brought out a new NRI Investment Option In India for the NRIs – Unlisted Shares

Unlisted shares are equity shares that are not traded on the secondary market, that is, the stock exchanges. The unlisted shares have caught the eye of the NRIs due to the prospect of generating enormous returns. However, not all unlisted companies generate enormous returns. An NRI must do all the due diligence before investing in unlisted shares or hire a financial service provider like Ashutosh Financial Services to assist them in investing in unlisted shares.

2) Foreign Equity

As an NRI, you would know that the world’s biggest and most famous companies, like Apple, Amazon, Google, etc., are from the US markets. The US market is the world’s biggest stock market in terms of market capitalization. These companies have consistently generated good returns for all their investors. They are also among the world’s biggest wealth creator companies. However, most of the NRI investors would not have invested in these companies due to the lack of knowledge of how to invest in them or due to the price of the share of these companies. 

To solve this problem, we at Ashutosh Financial Services have created a custom product – Foreign Equity. We have created many custom portfolios of US Listed Companies in this product. Each of these portfolios has an underlying theme, and all the investments are done into companies according to the underlying theme. 

How We Help You?

Ashutosh Financial Services is a professionally managed, ISO-certified financial services provider that has assisted the NRIs in their various requirements for over 20 years. We have a team of qualified and experienced individuals who are well-versed in handling the intricacies of an NRI investment. In our bid to provide quality and efficient NRI Services, we have separate departments for all our services. 

We have our presence in 3 key cities(Mumbai, Ahmedabad, and Rajkot). We have a state-of-the-art digital and physical infrastructure. Our robust infrastructure enables us to provide offline and online service/support to the NRI for their investments. All our separate departments are helmed by dynamic individuals with years of experience handling NRI investments. 
We follow a process-driven approach that is carefully curated to ensure that all the aspects of an NRI investment are taken care of. Our process starts with- 

1) Thorough Discussion: To understand your investment objectives and risk appetite. It also enables us to collect all your basic details and prepare your risk profile.  

2) Risk Profiling: Based on the investment horizon and objectives, we try to ascertain the maximum risk you should take to achieve your investment objectives. 

3) Research & Analysis: We select the best scheme for fulfilling your investment objectives based on all the data collected. It involves comparing all the available options and choosing the best one for your investment. 

4) Investing: Once the final schemes are locked, we will approach you again with all the necessary documents and a detailed plan of how your investment objectives will be achieved. Moreover, we will also discuss the taxation part of your investment. 

Our Key USPs are:

1) Dedicated Relationship Manager: At Ashutosh Financial Services, we assign an individual to assist you in your investment process. The relationship manager would also assist you with all your future requirements. The said individual will always be available to assist you in any way you need. 

2) Dedicated Research & Analysis Department: A specialized department that tracks the performance of all the NRI Investment options in India. It is helmed by qualified and professional individuals with years of experience in handling NRI Investments. This department gives us an edge and enables us to provide you with the best investment scheme for your objectives.  

3) Periodical Review Of Investments: At Ashutosh Financial Services, we undertake a periodical review of your investments. We take up this activity to ensure that if the schemes perform differently from the expectations, we can change and replace them at the earliest to achieve your investment goals. 

At Ashutosh Financial Services, we assure you that we will provide you with the best quality and unbiased advisory services for your investment. 
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NRI Services

The Need For Professional NRI Services In India

Need For Professional NRI Services In India

India is the bright spot in the overall gloomy world economies. India is one the fastest growing economies in the world, and therefore no wonder that India is one of the most preferred destinations of the NRIs when it comes to Investing. It is very important that an NRI hires a professional financial company for their various NRI services in India. In the last decade, India has drastically improved its infrastructure facilities, ease of doing business abilities, and various other laws. All these changes will enable India to unlock its growth story. 

India continues to attract massive inflows of Foreign Investments. India is one of the few developing countries receiving a steady flow of Foreign Investments in the last few decades. Therefore it makes absolute sense for an NRI to Invest In India. However, an NRI looking to invest in India must look for a financial services provider company that can provide quality NRI Services in India. A professional financial company can cater to all their requirements of the NRIs from investments to taxation. It would also be able to ensure that the NRI complies with all the relevant rules and regulations of India.

Following are the reasons why an NRI must work with a professional financial services provider company for NRI Services in India:

1) One-Stop Financial Services Provider:

A professional financial company providing NRI Services in India would greatly help the NRIs. It would enable them to track and monitor all their investments in one place. An NRI would also get all its requirements satisfied in one place. A professional financial company would take care of an NRI’s Investment, Insurance, Income Tax, and Banking needs all in one place. It will therefore eliminate the need for the NRIs to have multiple advisors or people for the same task.

2) Quality Service:

An NRI is assured of getting quality NRI services in India with a professional company. Most professional financial services companies tend to have a process-driven approach to keep things simple and efficient. Moreover, professional companies have well-trained and experienced employees that can better cater to the requirements of the NRI. 

3) Taxation Compliance:

A professional financial company will help the NRIs in proper tax compliance as well. A company providing comprehensive NRI services in India would ensure that the NRI is tax complaint in India. NRI Investments are subject to various taxes like Short Term Capital Gain Tax (STCG) or Long Term Capital Gain Taxes (LTCG), etc. It is here that a professional financial company would ensure that the NRI pay the necessary taxes as per Indian rules. A experienced financial company will therefore keep the NRI tax complied as per the Indian rules and regulations.

4) Tax Planning:

Not only does a financial company help an NRI in Tax Compliance, but it also helps an NRI in Tax Planning. Tax Planning is a process through which a financial company reduces the NRI’s tax burden. The NRIs tax burden is reduced while staying within the legal ambit of rules and regulations of the Indian Income Tax Act. A professional financial company would know the various deductions and ways an NRI can reduce its overall tax liability.

5) Experience:

A professional financial company providing NRI Services with years of experience would be better equipped to handle NRI’s needs. An experienced company would be well-versed in the intricacies of an NRI investment and other requirements. A professional financial company would also be aware of various laws and regulations that streamlines the NRI’s investment process.

How We Can Help You?

We at Ashutosh Financial Services Private Limited have been providing NRI services in India for over 20 years. Ashutosh Financial Services Financial Limited is a professional, ISO-certified, One-Stop financial services provider company. Our NRI Services consists of NRI Banking, Investments, Insurance, Income Tax Compliance, Estate Planning, Foreign Tax Compliance, etc. We have dynamic leadership and management backed by a qualified and experienced team. 

Through our years of experience, we have created many custom processes that enable us to serve the NRIs in the most simple and efficient way. Our aim is to make the entire process of Investing for NRIs extremely streamlined and hassle-free. We have in-house dedicated research, tax, and claims settlement departments, which facilitates us to provide all the NRI services. We possess a state-of-the-art physical and digital infrastructure to provide quality NRI services.

At Ashutosh Financial Services Private Limited we keep our entire team updated with the happenings in the world of finance. Our team keeps themselves updated with all the current rules and regulation changes relating to finance. Through our years of experience, we are now excellent tax planners. We specialize in helping the NRIs save taxes while staying within the laid-out rules and regulations. In our 20+ years of providing NRI services we have successfully catered to the needs of over 500+ NRI families spread across 20+ countries. We aim to provide complete and comprehensive NRI services to the NRIs looking to invest in India. 

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NRI Services

What is an NRE Account

Introduction To NRE Account:

An NRE (Non-Resident External Account) account is a type of account that lets the NRIs transfer their foreign currency earnings to India. It is a rupee-denominated account with no limits on transferring funds to and from India. NRIs use an NRE account to invest their foreign incomes in India. An NRE account is the preferred choice of NRIs for remittances. NRIs generally do remittances to take care of family responsibilities.

An NRE account is a savings bank account which can also be used to make fixed deposits. Moreover, the interest earned is also wholly tax-free and fully repatriable. An NRI can deposit their current Indian incomes (rent, interest, dividends, etc.) in their NRE account. However, there are restrictions on the deposit of sale proceeds of assets to an NRE bank account. An NRI can manage this account from anywhere in the world through Net Banking. An NRE account is exposed to exchange rate fluctuations. An NRI can open an NRE account individually or jointly (only with an NRI).

People Eligible To Open An NRE Account:

  1. Non-Resident Indian (NRI).
  2. Indian Citizens Studying / Working Abroad.
  3. Person Of Indian Origin (PIO).
  4. Overseas Citizen Of India (OCI).
  5. Indian Citizens Posted Abroad By The Government.

Benefits Of An NRE Account:

  • Remittances: Remittance is one of the key reasons why an NRI uses an NRE account. NRIs can transfer their foreign earnings to the NRE account with ease. An NRI can transfer money to this account in foreign currency from their foreign bank account, which will automatically get converted into Indian Rupee. The NRIs mostly use this account to take care of their responsibilities for their families back in India.

  • Tax-Free: Any interest earned on NRE Savings or Fixed Deposit account is tax-free and fully repatriable. Indian banks offer an attractive rate of interest on NRE Savings & Fixed Deposits accounts, making them an attractive option for the NRIs to invest or park their free funds.
  • Investment: An NRE account is also beneficial to NRIs when it comes to investments. Since there are no limits on the repatriation of the funds back to the foreign bank accounts, it lets the NRIs invest in India to their full potential. NRIs can choose to invest in Indian Stock Markets, Mutual Funds, Portfolio Management Services, Bonds, etc. It can be used to invest directly in the equity markets (Mutual Funds & Stocks) on fulfillment of certain conditions.

  • Repatriation: There are no limits on the repatriation of funds in an NRE account. An NRI can therefore transfer any amount to and from this account to their foreign account without any limitations. In contrast, an NRO account has a $1 million limit on repatriation of the funds.

Documents Needed To Open An NRE Account:

  1. Pan Card
  2. OCI Card
  3. Passport
  4. Bank Statement / Driving License (If OCI Card not available)
  5. Tax Identification Number
  6. Passport Size Photograph

How Can We Help You?

Ashutosh Financial Services Private Limited is a One-Stop Financial Services Provider. We provide NRI Services relating to NRI Banking, Income Tax Compliance, Investments, Insurance, Foreign Tax Compliance, etc. In our 20 years of providing NRI Services we have happily served over 500+ NRI client families spread across 20+ countries. We are a professionally managed ISO-certified company.

We have a dedicated NRI Services Department to focus on the requirements of the NRIs. Our team comprises of well qualified and well-trained people who always stay updated with the rules and regulations of the NRIs. We have a state-of-the-art physical office spread across 4000 sq—feet for our various departments and services. 

An NRI may need to do some transactions in India for multiple reasons ranging from taking care of family responsibilities to investing in India, but before any such transaction, an NRI must have an NRI bank Account. Therefore, we at Ashutosh Financial Services put utmost importance on understanding the needs and requirements of the NRI first before suggesting an NRI bank account.

In our preliminary discussion with the NRIs we explain to them all the advantages and disadvantages of the various type of NRI bank accounts and then help them in choosing the right type of bank account for their banking needs. We also explain to them the tax implications that they need to adhere to for the type of bank account chosen for them.

At Ashutosh Financial Services Private Limited we help the NRIs in opening the bank account by providing them a list of documents needed to open the bank account. Our team will help guide the NRI in choosing the right bank to open the account. To complete the entire process quickly, we also take regular follow-ups with the bank executives to ensure that the bank account opens at the earliest.

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NRI Services

What Is An NRO Account

Introduction To NRO Account:

An NRO (Non-Resident Ordinary Account) account is a type of NRI account that is maintained in Indian Rupee. Through an NRO account, an NRI can manage all their incomes earned from India. An NRI can deposit their rent, dividend, interest, proceeds from the sale of assets, and various other incomes generated from India in their  account. An NRO account is a savings account and it can also be used to make a fixed deposit. An NRO account can be opened jointly with a resident or a non-resident Indian.

Any current income (rent, interest, dividends, etc.) received in an NRO account is fully repatriable after the payment of applicable taxes and completion of the necessary procedure. An NRI can also transfer up to $1 Million per year from their NRO account after paying the applicable taxes over and above the current incomes mentioned above. An NRO Account is immune to exchange rate fluctuations because it is a rupee-denominated account. An NRO account is always useful when it comes to investing in India.

People Eligible To Open An NRO Account:

  1. Non-Resident Indians (NRI).
  2. Person Of Indian Origin (PIO).
  3. Overseas Citizen Of India (OCI).
  4. Students Studying Abroad.
  5. Foreign Students Studying In India.
  6. Tourists On A Short Visit To India.

Benefits Of An NRO Account:

  • Manage Indian Income: An NRO account helps the NRI in collecting and manage his Indian income. An NRI could have various types of incomes like Rent, Interest, and Dividends from their various investments in India. An NRI could also deposit the proceeds from the sale of Indian assets in this account. An NRO account lets an NRI deposit these incomes in their own NRO account in Indian Rupee denomination only.
  • Immune To Currency Fluctuations: Most of the time the NRIs are at risk of losing money due to exchange rate fluctuations between the Dollar & Indian Rupee. An NRO account is immune to exchange rate fluctuations unlike an NRE account because it is a rupee-denominated account. Moreover, the repatriation of funds can also take place at the NRI’s discretion.
  • Repatriation: An NRO account also allows the NRI to repatriate their Indian income to the country of their residence. It is important to note that an NRI can only transfer up to $1 Million in a financial year and that too after paying the applicable taxes on the gains made over and above the incomes like rent, interest, and dividends earned. This enables the NRI to keep receiving income from their investments in India in a streamlined manner.
  • Investment: An NRO account also helps NRIs in investing in India. NRIs tend to invest in Indian stocks, mutual funds, and bonds for better returns. Since the NRO account is a rupee-denominated account, the NRIs can invest directly in the financial instrument of their choice without the need for conversion of currencies. 
  • Better Returns: It is also common knowledge among the NRIs that since is a developing country, it offers better interest on saving accounts and fixed deposits. An NRI can therefore either park their surplus funds in fixed deposits or let it be idle in the savings account and earn interest. The interest earned however is taxable subject to TDS deduction as well. The interest amount is wholly repatriable only after paying the appropriate taxes.

Documents Needed To Open An NRO Account:

  1. Pan Card
  2. OCI Card
  3. Passport
  4. Bank Statement / Driving License (If OCI Card not available)
  5. Tax Identification Number 
  6. Passport Size Photograph

How Can We Help You?

Ashutosh Financial Services Private Limited is a Rajkot-based company that has been serving the needs and requirements of NRIs. We provide NRI Services relating to Investments, Insurance, Income Tax Compliance, Foreign Tax Compliance, FEMA Regulations, Estate Planning, & NRI Banking. We have been providing all these NRI Services for over 20 years now. At Ashutosh Financial Services Private Limited we have a team of qualified and experienced individuals who have years of experience when it comes to dealing with the needs and requirements of the NRIs.

Any NRI willing to do a transaction to or from India needs to have an NRI Bank Account. It is very important to note here that a lot of NRIs would not have any idea about the banking regulations that they need to follow for opening an NRI Bank account or the types of bank accounts that an NRI can open. Since it is a very crucial part of the overall NRI Banking we at Ashutosh Financial Services have a process-driven approach that has been custom created to address the various needs of an NRI.

There are multiple types of NRI bank accounts that an NRI can open, we explain and outline all the advantages and disadvantages of these types of accounts. However, it is through detailed discussion that we identify and address the banking needs of an NRI and help the NRI in choosing the right type of bank account as per their need. We also help the NRIs in selecting a bank for opening their bank account. We not only guide the NRIs in the process of opening the bank account but also take regular follow-ups from the bank executives (if need be). Our aim is to provide the NRIs with a hassle-free experience while opening a bank account in India.

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NRI Services

NRI Banking

Introduction To NRI Banking

A bank account for any NRI can be opened by an NRI or a Person Of Indian Origin (PIO) or an Overseas Citizen Of India (OCI), with an Indian bank to avail banking services in India. An NRI Bank Account is a unique type of bank account that can be opened in any Indian Bank by citizens who currently do not reside in India. An NRI could be having income in different foreign currencies like dollars, pounds, euros, etc. but in order to invest in India, an NRI would need an NRI bank account that can convert his foreign currency into Indian Rupee. For an NRI having income in India, it is also important to have an NRI account in India so that his earnings can be deposited in the said NRI account and then can be repatriated back to him post-conversion.

Types of NRI Accounts:

There are three types of bank accounts that an NRI can open to meet his banking needs in India:

1) Non-Resident Ordinary (NRO) Account:

An NRO account is an account held by NRIs primarily for managing their incomes earned or arising from India. An NRI can deposit any amount in Indian rupees in NRO Account. An NRO account also lets you receive funds in foreign currency from any foreign country.

An NRO account is mainly opened by NRIs to manage their deposits and interest incomes like dividends, interest, and rent. NRIs can only withdraw Indian Rupee from NRO Account as this account is maintained in Indian Currency.

The Interest earned on the deposits of an NRO account is subject to TDS (Tax Deducted At Source). Moreover, funds from an NRO account cannot be freely repatriated into any foreign account.

2) Non-Resident External (NRE) Account:

An NRE account is an account held by NRIs primarily to park their foreign earnings in Indian currency. Any currency (dollar, euro, pound) deposited into an NRE account will be converted to the Indian rupee.

The key benefit of an NRE account is that it is exempt from tax. The principal amount as well as the interest earned from the principal amount is both tax-free. Moreover, there are no limits on the repatriation of funds from an NRE account to any foreign account.

NRE accounts are generally used for personal or business purposes. NRE accounts are the preferred choice of accounts for NRIs looking to make direct investments in India. An NRE account is however prone to exchange rate fluctuation risk due to conversion into INR from foreign currency and vice versa.

3) Foreign Currency Non-Resident (FCNR) Account:

A foreign currency non-resident account is a type of account that lets NRIs create term deposits in foreign currencies in India. An FCNR account is like a fixed deposit to a resident Indian but only in foreign currency. Since the deposits are made in foreign currencies there is no risk of exchange rate fluctuations.

The Reserve Bank Of India (RBI) has allowed the NRIs to hold FCNR accounts in the following currencies only – US Dollars (USD), Great Britain Pound Sterling (GBP), Euro (EUR), Singapore Dollar (SGD), Hong Kong Dollar (HKD), Australian Dollar (AUD), Canadian Dollar (CAD), and Japanese Yen (JPN). 

The key point to note in an FCNR account is that both the principal and the interest earned on the principal amount are tax-free and fully repatriable without any restrictions. Moreover, since an FCNR account is basically a term deposit, the NRIs can earn risk-free fixed returns without exchange rate fluctuations or taxation.

A Brief Comparison Between NRO, NRE & FCNR Accounts:

How Can We Help You?

Ashutosh Financial Services is a professional financial company that has been assisting the NRIs in their various banking and financial requirements for over 20 years now. Through our years of experience, we have created a custom process through which we can satisfy the needs of the NRIs in the best way possible.

When it comes to NRI Banking requirements it is critical to understand and know the objective of the NRI before opening any bank account. We have a thorough discussion with the NRIs to determine their goals and objectives before suggesting them any NRI bank accounts. Once the goals are outlined we suggest an NRI the type of account that best suits their needs as well as satisfies all their requirements.

We also suggest the banks that an NRI should prefer for opening an NRI account. We also help the NRIs by informing them of the various documents and proofs that they will need to open an NRI bank account. Moreover, we also take regular follow-ups with the bank executives to ensure that the NRI bank account is opened at the earliest. We also assist and guide the NRIs in case of any problem arising in the process of NRI bank account opening. 

We also inform the NRIs about all the taxation and compliance matters relating to the NRI accounts opened by them. We are an end-to-end one-stop NRI service provider. We provide all kinds of services from NRI banking, Investments, Insurance, Estate Planning, Income Tax Compliance, and Foreign Tax Compliance. We are a professionally managed and ISO-certified company with a qualified and professional team.

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View Blogs in English Income Tax And Estate Planning Services

FILING OF INDIAN INCOME TAX RETURN FOR BUSINESSES BY OCTOBER 31

FILING OF INDIAN INCOME TAX RETURN FOR BUSINESSES BY OCTOBER 31

➡️ Who is required to file Income Tax Return by October 31?

1️⃣ All companies

2️⃣ All Partnership firms required to audit their books of accounts and their partners

3️⃣ All other firms required to audit their books of accounts.

➡️ Is it mandatory to file Income Tax Return ?

It is mandatory to file Income Tax Return if:

1️⃣ The Income exceeds Rs. 2.5 lakhs during the year (before giving effect of deductions under Chapter VI-A and certain capital gains exemptions)

2️⃣ Following categories of persons irrespective of the income:

▪️ If you have assets outside India or

▪️ Deposited an amount exceeding Rs.1 crore in current account/s by any mode during the year or

▪️ The deposit in one or more savings bank account of the person, in aggregate, is rupees fifty lakh or more during the previous year or

▪️ If his total sales, turnover or gross receipts, as the case may be, in the business exceeds sixty lakh rupees during the financial year; or

▪️ If his total gross receipts in profession exceeds ten lakh rupees during the financial year; or

▪️ If the aggregate of tax deducted at source and tax collected at source during the financial year, in the case of the person, is twenty-five thousand rupees or more; or

▪️ Incurred electricity expenditure in aggregate exceeding Rs.1 lakh or

▪️ Incurred an expenditure exceeding Rs. 2 lakh on travel out of India from bank account/s for himself or any other person.

3️⃣ Any taxable capital gain is realized during the year (Irrespective of basic tax slab exemption i.e. 2.5L).

4️⃣ In case of any Partnership firms or companies.

In other cases, it is not mandatory to file an Income Tax Return. However, one may choose to voluntarily file it because of several advantages.

➡️ What are the advantages of voluntarily filing Income Tax Return?

▪️ Claiming refund of any taxes which have been withheld (TDS deducted).

▪️ Carry forward losses for claiming set-off against future year incomes.

Contact us at the earliest to file your Income Tax Returns and become a compliant and proud Indian.

Ashutosh Financial Services Pvt. Ltd.
•Investments •Insurance •NRI Services •Income Tax & Estate Planning
www.ashutoshfinserv.com

Mobile: +91 73835 30919 / 93773 35959
Email: vrm@ashutoshfinserv.com

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BEST TIME FOR NRI TO DIVERSIFY INVESTMENTS GLOBALLY BY INVESTING IN U.S.A. STOCK MARKET

BEST TIME FOR NRI TO DIVERSIFY INVESTMENTS GLOBALLY BY INVESTING IN U.S.A. STOCK MARKET 📈📊 🔳 In the last one year (as on 07-10-22), the U.S.A. financial markets represented by S&P 500 and NASDAQ 100 indices have declined by 17.28% and 22.90% respectively. 🔳 Further, the renowned technology stocks such as Meta (Earlier Facebook), Amazon, Apple, Microsoft & Tesla have also reached a very attractive price point which makes it a lucrative chance to invest at this point. 🔳 Hence, the valuation of U.S.A. stock market makes it a great opportunity to invest and fetch the maximum benefits in the longer run. 🔳 Indian Stock Market is definitely a promising one, but it is always worthwhile to become a global investor to avoid single country & single currency risks. ➡️ To invest in U.S. markets, visit our platform: https://ashutoshfinserv.vested.co.in/ ➡️ The detailed explanation can be obtained from the presentation in the PDF file available in the following link or the YouTube video links stated below:
Investment in Foreign Equity
Link of English language explanatory video: Link of Gujarati language explanatory video: NRI Services Ashutosh Financial Services Pvt. Ltd. •Investments •Insurance •NRI Services •Income Tax & Estate Planning www.nrifintax.com Mobile: +91 72288 48181 / 7043593388 Email: nris1@ashutoshfinserv.com Follow us using Ashutosh_NRI_FinTax at Facebook, Instagram, YouTube, Twitter & Linkedin to receive all the latest information from finance world. Disclaimer: We do not intend to provide any investment advice in any manner through the above message. It is only a knowledge-sharing exercise in good faith.
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BEST TIME TO DIVERSIFY YOUR INVESTMENTS GLOBALLY BY INVESTING IN U.S.A. STOCK MARKET

BEST TIME TO DIVERSIFY YOUR INVESTMENTS GLOBALLY BY INVESTING IN U.S.A. STOCK MARKET 📈📊 🔳 In the last one year (as on 07-10-22), the U.S.A. financial markets represented by S&P 500 and NASDAQ 100 indices have declined by 17.28% and 22.90% respectively. 🔳 Further, the renowned technology stocks such as Meta (Earlier Facebook), Amazon, Apple, Microsoft & Tesla have also reached a very attractive price point which makes it a lucrative chance to invest at this point. 🔳 The U.S. dollar has also appreciated against the Indian Rupee by 8.13% in the past six months (as on 07-10-22) and by 4.64% in the past three months. 🔳 Hence, the valuation of U.S.A. stock market coupled with the currency gain prospects makes it a great opportunity to invest and fetch the maximum benefits in the longer run. 🔳 Indian Stock Market is definitely a promising one, but it is always worthwhile to become a global investor to avoid single country & single currency risks. ➡️ To invest in U.S. markets, visit our platform: https://ashutoshfinserv.vested.co.in/ ➡️ The detailed explanation can be obtained from the presentation in the PDF file available in the following link or the YouTube video links stated below:
Investment in Foreign Equity
Link of English language explanatory video: Link of Gujarati language explanatory video: Ashutosh Financial Services Pvt. Ltd. •Investments •Insurance •NRI Services •Income Tax & Estate Planning www.ashutoshfinserv.com Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com Follow us using Ashutoshfinserv at Facebook, Instagram, YouTube, Twitter & Linkedin to receive all the latest information from finance world. Disclaimer: We do not intend to provide any investment advice in any manner through the above message. It is only a knowledge-sharing exercise in good faith.
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LIFE INSURANCE TERM PLAN – COMPARE AND SELECT THE BEST SUITED FOR YOUR NEEDS.

LIFE INSURANCE TERM PLAN – COMPARE AND SELECT THE BEST SUITED FOR YOUR NEEDS. Life insurance Term Plan is an insurance where you can get large amount of insurance cover at a reasonable premium amount. A term plan is the pure form of life insurance. ◾ As you get a large Lump-sum amount on your death, you can secure your family after your death and provide financial protection to your family. ◾ This term plan can be taken by anyone between the ages of 18-65. Additional insurance can be taken based on their income, health status, and current life insurance amount. ◾ Flexibility of years of insurance and premium, for how many years you want life cover and for how many years you want to pay premium. ◾ 18 year old person will be able to take a term plan of Rs 1 Crore till he reaches the age of 65, only @ Rs. 29/- premium per day. Same way 30 year old person can get @ 39/- rupees a day and 40 year old person can get @ 61/- rupees a day. ◾ Non-smoker and non-Tobacco user can get more benefit in premium. ◾ Women can get lower premium for insurance than men. ◾ You can also choose the option for refund of your all paid premiums after the end of the policy term. ◾ You can also choose additional riders such as a rider with to get a lump sum amount when critical illnesses occur or a rider with the benefit of accidental death. ◾ You can also get tax benefits under 80(C). ◾ We offer insurance plans of many companies and suggest best plan suitable for you after comparing the plans of all these companies as per your requirement. Contact us to get the best insurance plan for you. Ashutosh Insurance Brokers LLP •Insurance for your Life, Health, Assets & Liabilities •Retirement Planning •Investment through Life Insurance A Service of ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •Income Tax & Estate Planning •NRI Services Mob. No.: +91 7043893388 / +91 6358755770 Email: rm.insurance@ashutoshfinserv.com www.ashutoshfinserv.com Follow us using Ashutoshfinserv at Facebook , Instagram , Youtube , Twitter & Linkedin. Insurance is a subject matter of solicitation. Please forward this message to your friends, relatives and contacts who could be interested.
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COMPREHENSIVE FINANCIAL INVESNTORY TO HELP INDIVIDUALS AND FAMILIES TAKE CHARGE OF COMPLETE FINANCIAL INFORMATION IN THE EVENT OF DISABILITY OR DEATH

📍 Comprehensive Financial Inventory to help individuals and families take charge of complete financial information in the event of disability or death. 📍 What is the importance & role of a ‘Comprehensive Financial Inventory’? ✅ We know the importance of preparation of a WILL for legal transfer of assets to our successors. Comprehensive Financial Inventory helps in making this process of transfer seamless and convenient. ✅ A WILL alone, may not be enough to carry out the entire transfer process without several essential data as included in this ‘Comprehensive Financial Inventory.’ ✅ It is a one stop inventory for the successors to avail all the necessary financials as well as personal information of an individual in the event of disability or death. ✅ Please follow this link to view and download for free. https://ashutoshfinserv.com/wp-content/uploads/2021/11/DETAILS-WHICH-MY-FAMILY-SHOULD-KNOW.pdf ✅ You can prepare the data on your own. 🎯 You can also avail our professional services to prepare the ‘Comprehensive Financial Inventory.’ 🎯 ✅ The information in the Comprehensive Financial Inventory in many cases requires customization (data prepared according to the need of the individual), time and efforts to prepare and update the information for which our services can be availed. Ashutosh Financial Services Pvt. Ltd. •Investments •Insurance •NRI Services •Income Tax & Estate Planning www.ashutoshfinserv.com Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com Follow us using Ashutoshfinserv at Facebook, Instagram, YouTube, Twitter & Linkedin to receive all the latest information from finance world.
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INVEST IN SOVEREIGN GOLD BONDS (SGB) BUY FROM US AT AN ATTRACTIVE DISCOUNT FROM THE RATES SPECIFIED BY RESERVE BANK OF INDIA.

💫 INVEST IN SOVEREIGN GOLD BONDS (SGB) BUY FROM US AT AN ATTRACTIVE DISCOUNT FROM THE RATES SPECIFIED BY RESERVE BANK OF INDIA. 💫 Sovereign Gold Bonds are available on resale at an attractive discount of 3% from the rates at which RBI issues the bonds. These discounts vary with different series of SGB. Hence it a very attractive opportunity to avail SGB at a discount if an investor is planning to hold these SGB till maturity. Moreover there are several advantages of investing in SGB which are as under : ▪️ Investment in Gold without any levy of GST and rate difference on buying & selling. ▪️ Interest income @ 2.5% p.a. along with investment in Gold. ▪️ Tax Free gain on investment in Gold when bonds held till maturity. ▪️ Sovereign Gold Bonds issued by RBI are available for resale from us on all the working days. ▪️ Available in the multiples of 1 gms. ▪️ The rate of gold for the purchase of Sovereign Gold Bonds shall be the rate of gold at the time of purchase on the website of India Bullion Jewellers Association (IBJA) less the discount of 3% depending upon the series. ▪️ Eligible Interest rate of 2.5% p.a. paid on semi-annually basis. ▪️ Tenure: Original tenure 8 years, with an option to exit after the 5th year. ▪️ Tradable on the Stock Exchange. Taxation provisions : ▪️ Interest on these Sovereign Gold Bond is taxable. ▪️ Appreciation (Capital gain) of the amount received on maturity (after 8 years) is tax free. ▪️ Capital Gains on sale in the market is liable to Short Term Capital Gain (on holding below 3 years), Long term Capital Gain with indexation benefit applicable on holding above 3 years. GRAB THE OPPORTUNITY! CONTACT US TO INVEST IN SOVEREIGN GOLD BONDS. Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •NRI Services •Income Tax & Estate Planning www.ashutoshfinserv.com You can share the details to your Friends, Relatives and Contacts who could be INTERESTED. Follow us using Ashutoshfinserv at Facebook , Instagram , Youtube , Twitter & Linkedin to receive all the latest information.
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PODCAST FOR NRIs – TIME TO INCREASE INVESTMENT ALLOCATION TOWARDS INDIA.

PODCAST FOR NRIs – TIME TO INCREASE INVESTMENT ALLOCATION TOWARDS INDIA. Please find herewith the link for the same: 📣 Link – https://www.instagram.com/reel/CichYRZvxb6/?utm_source=ig_web_copy_link The thoughts which have been delivered are the views of CA Rajit Kothari-Executive Director of Ashutosh Financial Services Pvt. Ltd. Mobile: +91 72288 48181 / 7043593388 Email: nris1@ashutoshfinserv.com NRI Services ASHUTOSH FINANCIAL SERVICES PVT. LTD. www.ashutoshfinserv.com Follow us using Ashutosh_NRI_FinTax on Facebook, Instagram, YouTube, Twitter & Linkedin to receive all the latest information. Disclaimer: These are personal views of CA Rajit Kothari, which should not be acted upon without taking specific professional advice. Please feel free to contact us.
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DEPOSIT ADVANCE INCOME TAX BY SEPTEMBER 15 TO AVOID INTEREST IMPLICATIONS

DEPOSIT ADVANCE INCOME TAX BY SEPTEMBER 15 TO AVOID INTEREST IMPLICATIONS 📆 ⬛ Every individual/company/firm/HUF whose net tax liability on the estimated income exceeds INR 10000 for the financial year shall be required to deposit advance tax. ⬛ The deposit of tax shall be in four instalments on the estimated net tax liability (after reducing taxes deposited/deducted/collected) which is calculated on the estimated income (after reducing deductions available under sec. 80C, 80D, etc.) ⬛ As per the Act, 45% of the estimated tax liability of the financial year shall be deposited by September 15. ⬛ Additional interest of 1% per month shall be levied under section 234C on the net tax liability on delay in payment of the tax. ⬛ For resident senior citizens not having income from business & profession, advance tax shall not be applicable. ⬛ Deposit advance tax timely not only to avoid interest implications, but also to become a responsible citizen of the country. 🇮🇳 Contact us: Income Tax & Estate Planning Services Ashutosh Financial Services Pvt. Ltd. •Investments •Insurance •NRI Services •Income Tax & Estate Planning www.ashutoshfinserv.com Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com Follow us using Ashutosh_Finserv at Facebook, Instagram, Youtube, Twitter & LinkedIn to receive all the latest information from finance world.
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IMPORTANCE OF MAKING A WILL

IMPORTANCE OF MAKING A WILL A valid Will under Indian Succession Act should be made in respect of his/her assets. 👉 Please find the below link for the above topic. For further details feel free to contact us. Ashutosh Financial Services Pvt. Ltd.
  • Investments •Insurance •NRI Services •Income Tax & Estate Planning
www.ashutoshfinserv.com Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com Follow us using Ashutoshfinserv at Facebook, Instagram, YouTube, Twitter & Linkedin to receive all the latest information from finance world.
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FILING OF INDIAN INCOME TAX RETURN FOR RESIDENT INDIAN

➡️ Is it mandatory to file Income Tax Return ? It is mandatory to file Income Tax Return if: 1️⃣ The Income exceeds Rs. 2.5 lakhs during the year (before giving effect of deductions under Chapter VI-A and certain capital gains exemptions) 2️⃣ Following categories of persons irrespective of the income: ▪️ If you have assets outside India or ▪️ Deposited an amount exceeding Rs.1 crore in current account/s by any mode during the year or ▪️ The deposit in one or more savings bank account of the person, in aggregate, is rupees fifty lakh or more during the previous year or ▪️ If his total sales, turnover or gross receipts, as the case may be, in the business exceeds sixty lakh rupees during the previous year; or ▪️ If his total gross receipts in profession exceeds ten lakh rupees during the previous year; or ▪️ If the aggregate of tax deducted at source and tax collected at source during the previous year, in the case of the person, is twenty-five thousand rupees or more; or ▪️ Incurred electricity expenditure in aggregate exceeding Rs.1 lakh or ▪️ Incurred an expenditure exceeding Rs. 2 lakh on travel out of India from bank account/s for himself or any other person. 3️⃣ Any taxable capital gain realized (Irrespective of basic tax slab exemption i.e. 2.5L). In other cases, it is not mandatory to file an Income Tax Return. However, one may choose to voluntarily file it because of several advantages. ➡️ What are the advantages of voluntarily filing Income Tax Return? ▪️ Claiming refund of any taxes which have been withheld (TDS deducted). ▪️ Carry forward losses for claiming set-off against future year incomes. 👉 Please find the below link for the above topic. https://youtu.be/b9qZ26fiVao Contact us at the earliest to file your Income Tax Returns and become a compliant and proud Indian. Kothari & Co. A service of Ashutosh Financial Services Pvt. Ltd.
  • Investments •Insurance •NRI Services •Income Tax & Estate Planning
www.ashutoshfinserv.com Contact us on: Mo.: +91 93769 62244 / 70435 24242 E-mail: lawserve@ashutoshfinserv.com Follow us using Ashutoshfinserv at Facebook, Instagram, YouTube, Twitter & Linkedin to receive all the latest information from finance world.
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MUTUAL FUNDS – SHORT VIDEO

What are Mutual Funds ? Why invest in Mutual Funds ? What are the types of Mutual Funds? What are the ways to invest in Mutual Funds ?  Why invest in Mutual Funds through ASHUTOSHFINSERV ? Short video on all the above questions YouTube link provided Ashutosh Financial Services Pvt. Ltd. www.ashutoshfinserv.com Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com Follow us using Ashutoshfinserv at Facebook, Instagram, YouTube, Twitter & Linkedin to receive all the latest information from finance world.
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IMPORTANCE OF FINANCIAL PLANNING IN LIFE OF AN INDIVIDUAL – CELEBRATE LIFE WITH FINANCIAL FREEDOM

Lecture delivered by Mr. Jay Vasavada – Renowned columnist & orator on the above subject at an event organized by our company for Indian Medical Association Rajkot. 👉 Please find the below link for the above topic. https://fb.watch/dM488_E1OK/ Ashutosh Financial Services Pvt. Ltd.
  • Investments •Insurance •NRI Services •Income Tax & Estate Planning
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SYSTEMATIC INVESTMENT PLAN (SIP) FOR INVESTING IN MUTUAL FUNDS – SHORT VIDEO

What is SIP ? Why SIP ? What is the process for starting SIP through ASHUTOSHFINSERV ? Short video on all the above questions YouTube link provided Ashutosh Financial Services Pvt. Ltd.
  • Investments •Insurance •NRI Services •Income Tax & Estate Planning
www.ashutoshfinserv.com Mobile: +91 73835 30919 / 93773 35959 Email: relationship@ashutoshfinserv.com Follow us using Ashutoshfinserv at Facebook, Instagram, YouTube, Twitter & Linkedin to receive all the latest information from finance world.
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FILING OF INDIAN INCOME TAX RETURN FOR NON-RESIDENT INDIAN (NRI)

▪️ Is it mandatory for a NRI to file Income Tax Return in India ❓ ▪️ What are the conditions which makes it mandatory to file Income Tax Return in India ❓ ▪️ What are the advantages of filing Income Tax Return in India ❓ 👉 Please find the below link for the above topic. For further details feel free to contact us. Ashutosh NRI Services A service of Ashutosh Financial Services Pvt. Ltd. www.ashutoshfinserv.com Mobile: +91 72288 48181 / 96010 06464 Email: nris1@ashutoshfinserv.com Follow us using Ashutosh_NRI_Services at Facebook, Instagram, Youtube, Twitter & LinkedIn to receive all the latest information from finance world.
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BASICS OF BANKING REGULATIONS WHICH ALL NRIs SHOULD KNOW

👉 Please find the below link for the above topic. For further details feel free to contact us. Ashutosh NRI Services A service of Ashutosh Financial Services Pvt. Ltd. www.ashutoshfinserv.com Mobile: +91 72288 48181 / 96010 06464 Email: nris1@ashutoshfinserv.com Follow us using Ashutosh_NRI_Services at Facebook, Instagram, Youtube, Twitter & LinkedIn to receive all the latest information from finance world.
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Estate Planning For NRIs – WILL in respect to Indian Assets

A WILL valid under the Indian Succession Act should be made by NRIs in respect of their Indian Assets. 👉 Please find the below link for the above topic. For further details feel free to contact us. Ashutosh NRI Services A service of Ashutosh Financial Services Pvt. Ltd. www.ashutoshfinserv.com Mobile: +91 72288 48181 / 96010 06464 Email: nris1@ashutoshfinserv.com Follow us using Ashutosh_NRI_Services at Facebook, Instagram, Youtube, Twitter & LinkedIn to receive all the latest information from finance world.
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Life insurance (Term Plan) for NRIs (Non-resident Indians) through which NRIs can get large amount of insurance from India at a very small premium.

Life insurance (Term Plan) for NRIs (Non-resident Indians) through which NRIs can get large amount of insurance from India at a very small premium. 👉 Please find the below link for the above topic. For further details feel free to contact us. Ashutosh NRI Services A service of Ashutosh Financial Services Pvt. Ltd. www.ashutoshfinserv.com Mobile: +91 72288 48181 Email: nris1@ashutoshfinserv.com Follow us using Ashutosh_NRI_Services at Facebook, Instagram, Youtube, Twitter & LinkedIn to receive all the latest information from finance world.
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Beneficial provisions for NRI to avoid excess payment of taxes on sale of assets in India.

➡️ What are the Provisions under the Income Tax Act in regard to Tax Deduction at Source ( TDS) in respect of NRIs ❓ ➡️ How to ensure that right amount of tax is deducted at source so that NRIs need not to fall in the hassle of claiming refund ❓ 👉 Please find below the link on the above subject by Mr. Daxesh Kothari – Tax & Financial Consultant and MD & CEO of our company. For further details feel free to contact us Ashutosh NRI Services A service of Ashutosh Financial Services Pvt. Ltd. www.ashutoshfinserv.com Mobile: +91 72288 48181 / 96010 06464 Email: nris1@ashutoshfinserv.com Follow us using Ashutosh_NRI_Services at Facebook, Instagram, Youtube, Twitter & LinkedIn to receive all the latest information from finance world. Please forward this message to your friends, relatives and contacts who could be interested.
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FILING OF INDIAN INCOME TAX RETURN FOR NON-RESIDENT INDIAN (NRI)

➡️ Is it mandatory for an NRI to file Income Tax Return in India ❓ It is mandatory for an NRI to file Income Tax Return in India if: 1️⃣ The Income exceeds Rs. 2.5 lakhs in India during the year (before giving effect of deductions under Chapter VI-A and certain capital gains exemptions) 2️⃣ Following categories of persons irrespective of the income: ▪️ Deposited an amount exceeding Rs.1 crore in current account/s by any mode during the year or ▪️ The deposit in one or more savings bank account of the person, in aggregate, is rupees fifty lakh or more during the previous year or ▪️ If his total sales, turnover or gross receipts, as the case may be, in the business exceeds sixty lakh rupees during the previous year; or ▪️ If his total gross receipts in profession exceeds ten lakh rupees during the previous year; or ▪️ If the aggregate of tax deducted at source and tax collected at source during the previous year, in the case of the person, is twenty-five thousand rupees or more; or ▪️ Incurred electricity expenditure in aggregate exceeding Rs.1 lakh or ▪️ Incurred an expenditure exceeding Rs. 2 lakh on travel out of India from Indian bank account/s for himself or any other person. 3️⃣ Any taxable capital gain realized in India (Irrespective of basic tax slab exemption i.e. 2.5L). In other cases, it is not mandatory for any NRI to file an Income Tax Return in India. However, one may choose to voluntarily file it because of several advantages. ➡️ What are the advantages of voluntarily filing Income Tax Return for an NRI? ▪️ Claiming refund of any taxes which have been withheld (TDS deducted). ▪️ Carry forward losses for claiming set-off against future year incomes. ▪️ Obtaining credit of income taxes paid in India against taxes payable in the country of tax residence (where the NRI resides) as per the Double Taxation Avoidance Agreement (DTAA). ➡️ What are the due dates of filing Income Tax Return in India for an NRI? For Financial Year 2021-22 ended on 31st March, 2022, the last date of filing Income Tax Returns is 31st July, 2022. Contact us at the earliest to file your Income Tax Returns and become a compliant and proud Indian. For further details, contact us: Ashutosh NRI Services A service of Ashutosh Financial Services Pvt. Ltd. Mobile: +91 72288 48181 / 96010 06464 Email: nris1@ashutoshfinserv.com Follow us using Ashutoshfinserv at Facebook, Instagram, Youtube, Twitter & LinkedIn to receive all the latest information from finance world. We invite NRIs to become our REFERRAL PARTNERS for promoting NRI Services globally with attractive terms. Please forward this message to your friends, relatives and contacts who could be interested.
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US Green Card holders who stays in India for a large part of year makes them Tax Resident of two different countries and are liable to Income Tax in both the jurisdiction…..is there a way out ?…DTAA (Double Taxation Avoidance Agreement)

➡️ There are taxation laws of different countries applicable to a person on account of his residential status in different countries. ➡️ What are the provisions to claim the relief under the DTAA ❓ ➡️ What are the formalities or compliances to be done in order to claim the relief under DTAA ❓ 👉 Please find below the link on the above subject by Mr. Daxesh Kothari – Tax & Financial Consultant and MD & CEO of our company. For further details feel free to contact us Ashutosh NRI Services A service of Ashutosh Financial Services Pvt. Ltd. www.ashutoshfinserv.com Mobile: +91 72288 48181 Email: nris1@ashutoshfinserv.com Follow us using Ashutosh_NRI_Services at Facebook, Instagram, Youtube, Twitter & LinkedIn to receive all the latest information from finance world. Please forward this message to your friends, relatives and contacts who could be interested.
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Taxation Benefits for NRIs under Double Taxation Avoidance Agreement(DTAA)

➡️ It is important for NRIs to understand how their incomes would be taxed in the country where they are tax residents and countries other than the country where they are tax residents. ➡️ Will this lead to double taxation of the income ❓ ➡️ What are the taxation benefits available to NRIs under Double Taxation Avoidance Agreements (DTAA) ❓ ➡️ Are there concessional rates of tax or relief provisions available under DTAA ❓ ➡️ If there are beneficial provisions under the DTAA or under the Income Tax law of the country or vice versa, what would be applicable ❓ 👉 To know more about the various benefits available to NRIs under DTAA watch both the parts of our video. 👉 Please find below the link on the above subject by Mr. Daxesh Kothari – Tax & Financial Consultant and MD & CEO of our company. PART 1 – https://youtu.be/Y1Fk5LQ6i-g PART 2 – https://youtu.be/342tcyCXF50 For further details feel free to contact us Ashutosh NRI Services A service of Ashutosh Financial Services Pvt. Ltd. www.ashutoshfinserv.com Mobile: +91 72288 48181 / 96010 06464 Email: nris1@ashutoshfinserv.com Follow us using Ashutosh_NRI_Services at Facebook, Instagram, Youtube, Twitter & LinkedIn to receive all the latest information from finance world.
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Life insurance (Term Plan) for NRIs (Non-resident Indians) through which NRIs can get large amount of insurance from India at a very small premium.

A Term Plan is a pure form of Life insurance, which has following features: ◾ Get claim of large lump-sum amount globally in case of death/disability/critical illness, which can secure your family by providing financial protection in your absence. ◾ NRIs with age band of 18 to 65 years can apply for Term plan, based on the criteria like annual income, health condition and existing life insurance amount. ◾ Flexibility in years of insurance and premiums, for how many years you want life cover and for how many years you want to pay premium. ◾ Specially for NRIs, an 18 year old person will be able to take a term plan of Rs. 1 Crore till he reaches the age of 65 only @ Rs. 20 premium per day. Same way 30 year old person can get @ 28.50/- rupees a day and 40 year old person can get @ 47/- rupees a day. ◾ Non-smoker and non-Tobacco user can get more benefit in premium amount. ◾ Women can get lower premium for insurance than men. ◾ Choose the option for refund of your all premiums paid after the end of the policy term. ◾ Choose additional riders such as a rider with to get a lump sum amount when critical illnesses occur or a rider with the benefit of accidental death. ◾ Choose increasing and decreasing sum assured options. ◾ NRIs can also claim tax benefits under section 80(C) of Income Tax Act. ✅ We offer insurance plans of many companies, we suggest best plan suitable for NRIs after comparing the plans of all these companies, with the lowest premium, best company and best features as per your requirements. For further details feel free to contact us Ashutosh NRI Services A service of Ashutosh Financial Services Pvt. Ltd. www.ashutoshfinserv.com Mobile: +91 72288 48181 / 96010 06464 Email: nris1@ashutoshfinserv.com Follow us using Ashutosh_NRI_Services at Facebook, Instagram, Youtube, Twitter & LinkedIn to receive all the latest information from finance world.
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Rules For Repatriation Of Current Income Outside India

Repatriation is the process in which funds are transferred freely from one country to another in foreign currency. A NRI can open NRO, NRE & FCNR-B accounts in India and when you move your money from the NRO account to NRE account or to an account in your country of residence, it is called repatriation.

What can be repatriated and how much ?

  • Current Income ( Salary, Investment, Interest, Business Profits) – No Limit
  • Movable Assets ( Sale Proceeds Of Asset Acquired As Inheritance) – USD 1 Million Per Financial Year.
  • Immovable Assets ( Sales Proceeds Of Residential Asset) – USD 1 Million Per Financial Year.

FEMA Rules Regarding Repatriation ?

  • There are Income Tax implications in India every time you repatriate funds.
  • You can cumulatively repatriate current income earned in any year in that year itself or the subsequent years
  • You can transfer or repatriate funds from your NRE account freely without any limit
  • Your NRO account balance should hold legitimate dues receivable in India and not through borrowing from another person or funds transferred from another NRO account
  • In case of residential property, you can repatriate sale proceeds of up to two such properties.

Can You Cross The Repatriation Limit ?

Yes, the RBI does allow you to repatriate funds higher than the preset limits only after explicit approval. The situations in which you may request to increase the permissible limit include medical emergencies, children’s education, or purchasing the property back in your country of residence.

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HOW NRIs CAN PREPARE A WILL FOR TRANSFERRING ASSETS TO BENEFICIARIES IN THE DESIRED MANNER?

A Will valid under the Indian Succession Act should to be made by NRIs in respect of their Indian Assets. The Indian Laws of Succession shall apply on the Indian Assets hence a Will valid under the Indian Succession Act should be made by NRIs, it has to have all the essential elements of a valid Will as listed in the following points. 🟥 The Will has to be in writing with precise details of the assets to be passed to the beneficiaries in the desired manner. 🟥 The names and details of the beneficiaries under the Will to whom assets are to be passed have to be clearly stated. 🟥 The person preparing the Will has to be identifiable along with his signature and date on which the Will is executed. 🟥 Signatures of two adult witnesses with their identification have to be obtained. It is advisable to have witnesses who are younger than the person preparing the Will and also have Doctor as a witness in case of an aged person preparing the Will. A witness should not be a beneficiary in the Will. 🟥 It is advisable to execute declarations of the two witnesses confirming the fact that they are the witness of the Will. These Declarations can be filed in court at the time of obtaining the probate after death. 🟥 Person signing the Will can sign before Notary Public or get the Will Registered at any authorized sub-registrar. However, none of the two procedures are mandatory under law. 🟥 The person preparing the Will can appoint an executor (including a beneficiary) for executing the transfer of his/her assets to the intended beneficiaries. However, such an appointment is not mandatory. 🟥 Whether to sign the Will, without Notary, before Notary or get the same registered or to appoint an executor, depends on the facts & circumstances of the case. IT IS NOT NECESSARY THAT THE NRI HAS TO BE IN INDIA TO PREPARE A WILL IT CAN BE EXECUTED EVEN OUT OF INDIA. IT IS ALWAYS ADVISABLE TO MAKE A WILL IN RESPECT OF ALL YOUR INDIAN ASSETS SO THAT ONE CAN TRANSFER THE WEALTH TO THE INTENDED BENEFICIARIES IN THE DESIRED MANNER. ➡️ Contact us to plan the succession of your wealth to your successors in a legitimate, convenient and efficient manner. Ashutosh NRI Services A service of Ashutosh Financial Services Pvt. Ltd. www.ashutoshfinserv.com Mobile: +91 72288 48181 / 96010 06464 Email: nris1@ashutoshfinserv.com
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CAPITAL PROTECTION COUPLED WITH GROWTH, AN ATTRACTIVE INVESTMENT STRATEGY FOR NRIs IN INDIA

CAPITAL PROTECTION COUPLED WITH GROWTH, AN ATTRACTIVE INVESTMENT STRATEGY FOR NRIs IN INDIA. Combination of NRE Fixed Deposit and Systematic Investment Plans (SIP) in Equity Mutual Funds. ➡️ Concept: NRI Investors largely invest in Fixed Deposits (FDs) because they want safety of principal. What if, an investment offers safety of principal equivalent to FDs, but relatively higher returns than FDs? The following is the novel investment idea that gives capital protection and growth. ➡️ Three Step Investment Guide: Step 1: Investment in NRE FDs for 5 years. Step 2: Choose the option of annual interest payout. Step 3: Invest the interest income in equity funds every year by monthly SIP. ➡️ Example: Step 1: Investment in NRE FDs. ▪️ Investment in FDs: Rs. 25,00,000. ▪️ Annual Rate of interest: 5.50 per cent. ▪️ Duration of investment: 5 Years. ▪️ Investment Option: Annual Interest Payout. ▪️ Expected Interest Income Every Year: Rs. 1,37,500. Step 2: Annual interest payout. ▪️ On the above FD, expected interest income every year would be Rs. 1,37,500. Step 3: Investment of interest income in equity funds every year. ▪️ Invest Rs. 1,37,500 every year to Equity Mutual Fund – Growth Plan. ▪️ Ideally it can be investment of Rs. 11,500 per month in Equity Mutual Fund by way of a SIP by adjusting the cash flow. ➡️ Value of Investment after 5 years: ▪️ Expected Value of Investment in Equity Mutual Fund: Rs. 9,48,593. (Returns assumed – 12 per cent). ▪️ FD Principal Repayment: Rs. 25,00,000. ▪️ Total Value of Investment at the end of 5 years: Rs. 34,48,593. ➡️ Benefits of Investment in Combination: ▪️ Ensures high Safety of Principal (i.e. risk-free investment). ▪️ Investment in Equity Market only through interest income. ▪️ Increased Expected Returns, with minimum risk. ▪️ Investment done through NRE account in fixed deposits and mutual funds along with their returns are fully repatraible. ➡️ Analysis: ▪️ INVESTMENT IN NRE FD Investment Amount: Rs. 25,00,000 Maturity Amount at the end of 5 years: Rs. 32,67,400 Annualized Returns: 5.50% ▪️ INVESTMENT IN COMBINATION Investment Amount: Rs. 25,00,000 Maturity Amount at the end of 5 years: Rs. 34,48,593 Annualized Returns: 6.64% ▪️ BENEFIT OF INVESTMENT IN COMBINATION: Rs. 1,81,193 Please feel free to contact us Mobile: +91 72288 48181 / 96010 06464 Email: nris1@ashutoshfinserv.com Ashutosh NRI Services A service of ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •NRI Services •Income Tax & Estate Planning www.ashutoshfinserv.com Follow us using Ashutoshfinserv at Facebook, Instagram , Youtube , Twitter & Linkedin to receive all the latest information from finance world
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CAPITAL PROTECTION COUPLED WITH GROWTH, AN ATTRACTIVE INVESTMENT STRATEGY

CAPITAL PROTECTION COUPLED WITH GROWTH, AN ATTRACTIVE INVESTMENT STRATEGY. Combination of Fixed Deposit and Systematic Investment Plans (SIP) in Equity Mutual Funds. ➡️ Concept: Investors largely invest in Fixed Deposits (FDs) because they want safety of principal. What if, an investment offers safety of principal equivalent to FDs, but relatively higher returns than FDs? The following is the novel investment idea that gives capital protection and growth. ➡️ Three Step Investment Guide: Step 1: Investment in FDs for 5 years. Step 2: Choose the option of annual interest payout. Step 3: Invest the interest income in equity funds every year by monthly SIP. ➡️ Example: Step 1: Investment in FDs. ▪️ Investment in FDs: Rs. 5,00,000. ▪️ Annual Rate of interest: 6.8 per cent. ▪️ Duration of investment: 5 Years. ▪️ Investment Option: Annual Interest Payout. ▪️ Expected Interest Income Every Year: Rs. 34,000. Step 2: Annual interest payout. ▪️ On the above FD, expected interest income every year would be Rs. 34,000. Step 3: Investment of interest income in equity funds every year. ▪️ Invest Rs. 34,000 every year to Equity Mutual Fund – Growth Plan. ▪️ Ideally it can be investment of Rs. 2800 per month in Equity Mutual Fund by way of a SIP by adjusting the cash flow. ➡️ Value of Investment after 5 years: ▪️ Expected Value of Investment in Equity Mutual Fund: Rs. 2,30,962. (Returns assumed – 12 per cent). ▪️ FD Principal Repayment: Rs. 5,00,000. ▪️ Total Value of Investment at the end of 5 years: Rs. 7,30,962. ➡️ Benefits of Investment in Combination: ▪️ Ensures high Safety of Principal (i.e. risk-free investment). ▪️ Investment in Equity Market only through interest income. ▪️ Increased Expected Returns, with minimum risk. ➡️ Analysis: ▪️ INVESTMENT IN FD Investment Amount: Rs. 5,00,000 Maturity Amount at the end of 5 years: Rs. 6,94,746 Annualized Returns: 6.80% ▪️ INVESTMENT IN COMBINATION Investment Amount: Rs. 5,00,000 Maturity Amount at the end of 5 years: Rs. 7,30,962 Annualized Returns: 7.89% ▪️ BENEFIT OF INVESTMENT IN COMBINATION: Rs. 36,216 For further details feel free to contact us Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com Ashutosh Investment Services A service of ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •Income Tax & Estate Planning •NRI Services www.ashutoshfinserv.com Follow us using AshutoshFinserv at Facebook, Instagram, Youtube, Twitter & Linkedin to receive all the latest information.
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Emerging Trends For Financial Services In New Age India

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Estate Planning & HUF For Residents

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NRI – Investments

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FEMA Regulations For Residents

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NRI – FEMA & Other Regulations

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NRI – Income Tax

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Real Life Situations of Taxation & Regulations Faced By NRI

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Income Tax Planning for Assets Received by Inheritance, Will & HUF

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Various Kinds Of Income By NRI & Its Tax Implications In India

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Inheritance Of Indian Assets, By NRI & To NRI

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Transfer Of Funds To & From India And Its Tax Implications

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Personal Income Tax Management

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Principles of Succession, Taxation on Succession, Hindu Undivided Family & Will

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Tax Planning of Assets Received by Succession

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Effective Planning on Income Tax, Investments & Succession

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Effective Planning on Income Tax & Finance

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Accounting, Taxation, Finance & Succession for Jewelers

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Effective Planning on Income Tax, Finance & Succession

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New Age India – Rotary Club Of Morbi

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NRI – Taxation, Laws & Investments

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Taxation & Investment For Doctors

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Taxation & Investments for Dentists

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Estate & Tax Planning Through Wills

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લાંબાગાળાનું રોકાણ જ રોકાણકારો માટે સંપત્તિનું સર્જન કરી શકે છે, સ્ટોક માર્કેટનું ટ્રેડિંગ નહીં.

• ઈકોનોમિક ટાઈમ્સ દ્વારા તાજેતરમાં ૨જી, જાન્યુઆરી ૨૦૨૨ ના રોજ પ્રકાશિત થયેલ લેખમાં ભારતની સૌથી મોટી બ્રોકિંગ કંપની ના સ્થાપક શ્રી નીતિન કામથે એવો દાવો કર્યો છે કે માત્ર ૧% કરતા પણ ઓછા ટ્રેડર્સએ 3 વર્ષના સમયગાળામાં બેન્કની ફિક્સ ડીપોઝીટ કરતા વધુ કમાણી કરેલ છે. • તાજેતરના સમયમાં, આપણે જોયું છે કે ખાસ કરીને યુવાનો થકી શેરબજારમાં ડીમેટ ખાતાઓની સંખ્યામાં અને ટ્રેડીંગના વોલ્યુમમાં વધારો થયેલ છે. • આપણામાંથી ઘણા બધા બજારના વિવિધ સ્તોત્રમાંથી ટીપ્સ મેળવી ટૂંકાગાળાનો નફો કમાવવાના હેતુથી સ્ટોકનું ટ્રેડીંગ (ખરીદ અને વેચાણ) કરતા હોય છીએ. • આ પ્રકારની ટીપ્સ સામાન્ય રીતે વ્યવસાયિક સલાહકારના સંશોધન અને વિશ્લેષણ દ્વારા અપાયેલી હોતી નથી તેના પરિણામે રોકાણકારો વારંવાર આ પ્રકારના ટ્રેડીંગ કરી પોતે કમાયેલ મૂડી ગુમાવે છે. • આ ક્ષેત્રમાં સારી કુશળતા ધરાવતા વ્યવસાયિકો દ્વારા સંચાલિત યોગ્ય રોકાણના વિકલ્પો થકી શેરબજારમાં રોકાણ કરવું એ શ્રેષ્ઠ પદ્ધતિ છે. • તેથી સારી ગુણવતા ધરાવતા વિકલ્પોમાં રોકાણ કરો જેવા કે :- o ઇક્વિટી મ્યુચ્યુઅલ ફંડ્સ, o પોર્ટફોલિયો મેનેજમેન્ટ સર્વિસીસ (PMS) o એડવાઝરી સ્ટોક પોર્ટફોલિયો કે જે યોગ્ય સંપતિની ફાળવણી સાથે તમારી બજારમાં જોખમ લેવાની ક્ષમતાને ધ્યાનમાં રાખે. અમારો સંપર્ક કરો: +91 73835 30919 / 93773 35959 / vrm@ashutoshfinserv.com આશુતોષ ઇન્વેસ્ટમેન્ટ સર્વિસીસ આશુતોષ ફાઇનાન્સિયલ સર્વિસીસ પ્રા. લિ. નું ડીવીઝન •રોકાણ •વીમો •ઈન્કમટેક્સ અને એસ્ટેટપ્લાનિંગ •NRI સેવાઓ www.ashutoshfinserv.com ડિસ્ક્લેમર: અમારો ઉપરોકત સંદેશ દ્વારા રોકાણની કોઈપણ જાતની સલાહ આપવાનો ઈરાદો નથી પરંતુ જ્ઞાનના પ્રચાર પ્રસાર ના ઉદેશ્થી કરવામાં આવેલ એક સારો પ્રયાસ છે. નાણાંકીય વિશ્વની તમામ નવીનતમ માહિતિ મેળવવા માટે અમને Facebook, Instagram, Youtube,Twitter અને Linkedin પર Ashutoshfinserv ને ફોલો કરો.
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LONG-TERM INVESTING CAN CREATE WEALTH FOR INVESTORS, NOT TRADING IN STOCK MARKET

➡️ In recently published article by Economic Times on 2nd January 2022, founder of India’s largest broking firm Zerodha, Mr. Nithin Kamath has claimed that less than 1% of active traders earn more money than a bank fixed deposit over a 3-year period. ➡️ In the recent times, we have witnessed a sharp rise in number of demat accounts and trading volumes in the stock markets, especially among the youth. ➡️ Many of us indulge in stock trading (buying & selling) with the objective of earning short term profits based on stock tips from various sources in the market. ➡️ Such tips are generally not backed by professional investment research & analysis. Hence, investors often end up losing hard earned capital by placing such trades. ➡️ It is best to participate in the stock market through appropriate investment avenues managed by professionals having sound expertise in that field. ➡️ So invest in good quality: 1. Equity Mutual Funds, 2. Portfolio Management Services (PMS) 3. Advisory stock portfolios with appropriate asset allocation and taking into consideration your risk taking capacity. Disclaimer: We do not intend to provide any investment advice in any manner through the above message. It is only a knowledge-sharing exercise in good faith. Please feel free to contact us Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com Ashutosh Investment Services A service of ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •Income Tax & Estate Planning •NRI Services www.ashutoshfinserv.com   Follow us using Ashutoshfinserv at FacebookInstagram , Youtube , Twitter & Linkedin to receive all the latest information from finance world.  
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New Age Investment Opportunities

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Benefits For NRIs Under Indian Taxation & Other Regulations

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Overview Of NRI Taxation With Recent Amendments

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Catch Them Young – Investment In Promising Unlisted Stocks Before Ipo

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Investment in Foreign Equity

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Demonetization Of Rs. 500 & Rs. 1000 Currency Notes & Issues Relating To Income Tax & Impact On Economy – 2016

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Financial Planning at Every Stage of Life – 2017

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Recent vexed issues on Income Tax & Importance of maintaining statutory records (17 Dec, 2017)

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Non Resident Indians (NRI) Taxation, Laws & Investment (02 Jan, 2018)

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Funding (Loan) options in the present times & Provisions for deduction of Interest Expenses under Income Tax Law (11 Jan, 2018)

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Taxation of Long Term Capital Gains on Equity shares & Equity oriented Mutual funds (03 Feb, 2018)

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Impact of GST Law on Financial Planning & Income Tax Planning (10 Jun, 2018)

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Tax Planning of Assets received by Estate & HUF its Estate Process (22 Sep, 2019)

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Attractive tax free interest income-Govt. of India undertaking Tax Free Bonds – 2019

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Attractive investment option for interest income-Fixed Deposit of Top Class NBFC – 2019

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Taxability, Regulations and Future of NRI Investments In India ( 10 Nov, 2019)

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Road Ahead for Investment, Equity, Fixed Income, Real Estate & Unit Linked Insurance (13 Nov, 2019)

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એડવાઇઝરી સ્ટોક પોર્ટફોલિયોમાં રોકાણ.

આપણે પોર્ટફોલિયો મેનેજમેન્ટ સર્વિસીસ (પીએમએસ) થી માહિતગાર છીએ કે જ્યાં ફંડ મેનેજર દ્વારા રોકાણકારના ઇક્વિટી શેરના પોર્ટફોલિયોનું સંચાલન કરવામાં આવે છે. જુદા જુદા પી.એમ.એસ. પાસે વિવિધ પ્રકારના પોર્ટફોલિયો ધરાવે છે જેમ કે ફ્લેક્સિકેપ, મલ્ટીકેપ, લાર્જ કેપ, મિડ કેપ, સ્મોલ કેપ અથવા થેમેટીક પોર્ટફોલિયો. પરંતુ તાજેતરમાં પીએમએસ માટે લઘુતમ રોકાણની મર્યાદા વધારીને રૂ. ૫૦ લાખ કરવામાં આવી છે. એડવાઇઝરી સ્ટોક પોર્ટફોલિયોસ એ એક એવો વિકલ્પ છે કે જ્યાં રોકાણની ન્યૂનતમ રકમ રૂ. ૩ થી ૫ લાખ હોય છે અને તેમાં દેશના કેટલાક શ્રેષ્ઠ અને સફળ ફંડ મેનેજરો દ્વારા રોકાણની સલાહ આપવામાં આવે છે. જેની વિગતો નીચે મુજબ છે.: ⭕ એબેક્કુસ ઇન્વેસ્ટમેન્ટ એડવાઇઝર (શ્રી સુનીલ સિંઘાનિયા ના નેજા હેઠળ ચાલુ કરવામાં આવેલ કે જેઓ પ્રારંભમાં રિલાયન્સ મ્યુચ્યુઅલ ફંડના સી.આઈ.ઓ. હતા) અને નાર્નોલિયા ઇન્વેસ્ટમેન્ટ એડવાઇઝર્સ જેવા પ્રતિષ્ઠિત રોકાણ સલાહકાર દ્વારા ઓફર કરવામાં આવેલા આ ઇક્વિટી સ્ટોક પોર્ટફોલિયો છે. ⭕ આ ઇક્વિટી પોર્ટફોલિયો અલગ ડીમેટ એકાઉન્ટમાં રાખવામાં આવે છે અને ટ્રેડિંગ ખાતું ખાસ કરીને આ રોકાણ માટે સંબંધિત રોકાણ સલાહકારો સાથે જોડાયેલા બ્રોકર સાથે ખોલવામાં આવે છે. ⭕ ખાતું ખોલવાની પ્રક્રિયા કોઈપણ મુશ્કેલી વગર સંપૂર્ણપણે સરળ અને પેપરલેસ છે. ⭕ આ પોર્ટફોલિયોની નિયમિતરીતે સક્રિયપણે દેખરેખ રાખવામાં આવે છે અને તેમાં કરવાના થતા ફેરફારોની જાણ રોકાણકારને ઇલેક્ટ્રોનિક માધ્યમથી કરવામાં આવે છે. રોકાણકારે સામાન્ય રીતે એક ક્લિક દ્વારા આ ફેરફારો મંજૂર કરવાના હોય છે. ⭕ ઓફર કરેલા વિવિધ સ્ટોક પોર્ટફોલિયો અલગ અલગ થીમ પર આધારિત હોય છે કે જે રોકાણકારોને વિશાળ પસંદગી આપે છે. ⭕ આ પોર્ટફોલિયો પર લેવામાં આવતી મેનેજમેન્ટ ફી અન્ય રોકાણના વિકલ્પો જેવી જ છે. રોકાણકાર કોઈ પણ જાતના એક્ઝિટ લોડ વગર આ સલાહકાર પોર્ટફોલિયોની સેવાઓ બંધ કરી શકે છે. રોકાણકારનો પોર્ટફોલિયો પહેલેથી જ તેના પોતાના નામ પર હોય છે જેને તે પોતાની પાસે રાખી શકે છે. ⭕ રોકાણકાર આ પોર્ટફોલિયોમાં ઉમેરો કરી શકે છે અથવા ન્યૂનતમ રોકાણની રકમ રાખ્યા પછી આ પોર્ટફોલિયોમાંથી રકમ પણ ઉપાડી પણ શકાય છે. ⭕ હાલમાં ઓફર કરવામાં આવેલા સ્ટોક પોર્ટફોલિયો તેમના સંબંધિત બેન્ચમાર્ક કરતાં પણ વધુ સારું વળતર આપી રહ્યા છે. આ સાથે ઉપલબ્ધ ૫ (પાંચ) જુદા જુદા પોર્ટફોલિયોની વિગત અલગ પી.ડી.એફ. ફાઈલમાં જોડેલ છે. Narnolia four Investment Advisory Portfolios Abakkus Smart Flexi Cap Portfolio દેશના ઉચ્ચ ગુણવત્તા ધરાવતા ફંડ મેનેજરો દ્વારા સલાહ આપવામાં આવેલા પોર્ટફોલિયો માં સીધા જ શેરોમાં રોકાણ કરવા માટેના વિકલ્પ સંબંધિત કોઈપણ વિગતો માટે અમારો આજે જ સંપર્ક કરો સંપર્ક મોબાઈલ: +૯૧ ૭૩૮૩૫ ૩૦૯૧૯/૯૩૭૭૩ ૩૫૯૫૯ ઈમેઈલ: vrm@ashutoshfinserv.com આશુતોષ ઈન્વેસ્ટમેન્ટ સર્વિસીસ આશુતોષ ફાઇનાન્શ્યલ સર્વિસીસ પ્રા.લિ. ની સર્વિસીસ •રોકાણ •વીમા •ઇન્કમટેક્ષ & વારસાઈ હક્કનું આયોજન • એન. આર. આઈ. સર્વિસીઝ નાણાંકીય જગતની અદ્યતન માહિતી મેળવવા માટે અમોને Ashutoshfinserv યુ –ટ્યુબ ચેનલ અને સોશીયલ મીડિયાના પ્લેટફોર્મ Facebook , Instagram , Youtube , Twitter & Linkedin અમને ફોલો કરો. ડિસ્ક્લેમર: આ સંદેશ દ્વારા કોઈ પણ રીતે રોકાણની સલાહ આપવાનો અમારો ઈરાદો નથી તે માત્ર જ્ઞાનના પ્રચાર પ્રસારના સારા ઈરાદાથી કરવામાં આવેલો અભ્યાસ છે. રોકાણ બજારના જોખમોને આધીન છે. રોકાણ કરતા પહેલા સ્કીમ સંબધિત દસ્તાવેજો કાળજીપૂર્વક વાંચવા.
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Investing in ADVISORY STOCK PORTFOLIOS.

We are aware of Portfolio Management Services (PMS) where a Fund Manager manages the portfolio of equity shares of an investor. Different PMS have different kinds of portfolios like Flexicap, Multicap, Large Cap, Mid Cap, Small Cap or a thematic portfolio. But the minimum investment amount for a PMS has recently increased to Rs 50 lakhs. ADVISORY STOCK PORTFOLIOS is an option where the minimum amount of investment is Rs. 3 to Rs 5 lakhs and they are advised by some of the best and most successful Fund Managers in the country. Following are the details of the same : ⭕ There are direct equity stock portfolios offered are constructed by the reputed Investment Advisors like Abakkus Investment Advisors ( Promoted by earstwhile CIO of Reliance Mutual Fund Mr. Sunil Singhania) and Narnolia Investment Advisors. ⭕ These equity portfolios are held in the separate demat account and trading account opened specifically for this investments with a broker connected with the respective investment advisors. ⭕ The account opening process is completely paperless and seamless without any hassles. ⭕ These portfolios are actively monitored on a regular basis and any changes are communicated to the client electronically. The client has to approve the changes normally through a click. ⭕ The different stock portfolios offered are on different themes which offer a wide choice to the investors. ⭕ The management fees charged on these portfolios is similar to other investment options. The investor can discontinue the services of these advisory portfolios without any exit load. The portfolio of the investor is already in his own name which he can continue to hold on his own. ⭕ An Investor can make an addition in these portfolios or even withdraw amounts from these portfolios after keeping the minimum investment amount. ⭕ Presently the stock portfolios offered are delivering returns outperforming their respective benchmarks. Please find herewith in separate PDF details of the 5 (Five) different portfolios available. Narnolia four Investment Advisory Portfolios Abakkus Smart Flexi Cap Portfolio Please feel free to contact us on any details regarding the above newly available investment option of investing in stocks directly with a portfolio advised by top quality fund managers of the country. Please feel free to contact us Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com Ashutosh Investment Services A service of ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •Income Tax & Estate Planning •NRI Services www.ashutoshfinserv.com   Follow us using Ashutoshfinserv at Facebook, Instagram , Youtube , Twitter & Linkedin to receive all the latest information from finance world.
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INDIAN GOVERNMENT HAS STARTED VIGILANCE AGAINST NON-COMPLIANT NON-RESIDENT INDIANS (NRI)

▪️ The Indian govt. has started seeking details of financial transactions from suspected non-compliant Non-Resident Indians. Please find attached the recent news article for reference. ▪️ Information such as details of fund sources, assets acquired, income tax return filing, etc. are sought by agencies such as the Enforcement Directorate (ED). ▪️ The suspected non-compliance is for wrongful declarations under FEMA (Foreign Exchange Management Act, 1999) as well the Income Tax Act for claiming incorrect residential status. ▪️ This implies that the person takes refuge of being under the Non-Resident status while filing Income Tax returns as well as in other financial transactions such as banking, investment, etc. ▪️ There are severe consequences of such wrongful declaration which can result in unwanted penalties as well prosecution under Income Tax Act and the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. ▪️ Due date for filing Indian Income Tax return is 30th September, 2021. Let us comply with all taxation & regulatory laws of India not only to avoid unfavourable legal consequences, but also to become an honest and responsible Indian. Please feel free to contact us Mobile: +91 72288 48181 / 70435 93388 Email: nris1@ashutoshfinserv.com Ashutosh NRI Services A service of ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •Income Tax & Estate Planning •NRI Services www.ashutoshfinserv.com Please forward this message to your friends, relatives and contacts. Follow us using Ashutoshfinserv at Facebook, Instagram , Youtube , Twitter & Linkedin to receive all the latest information from finance world.
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Investment Services View Blogs in Gujarati

આઇપીઓ પહેલા ટોચની ભારતીય કંપનીઓના અનલિસ્ટેડ સ્ટોક્સમાં રોકાણ પર નવીનતમ સમાચાર

રિલાયન્સ રિટેલ લિમિટેડ અને નેશનલ સ્ટોક એક્સચેન્જ લિમિટેડ ના અનલિસ્ટેડ સ્ટોક સાથે જોડાયેલ પીડીએફમાં નવીનતમ સમાચાર શેર કરવામાં અમને આનંદ થાય છે. ટોપ ક્લાસ ભારતીય કંપનીઓનો અનલિસ્ટેડ સ્ટોક ખરીદવા માટે કૃપા કરીને અમારા સંપર્ક કરો. અનલિસ્ટેડ કંપનીઓમાં રોકાણ એ IPO પહેલા ફાળવણી મેળવવાની તક છે જે વર્તમાન સમયમાં વધારે પડતું સબસ્ક્રાઇબ થાય છે. અનલિસ્ટેડ શેરોમાં રોકાણ વિશે બધું સમજવા માટે અમારી યુટ્યુબ ચેનલ ની મુલાકાત લો જે નીચેના પાસાઓને આવરી લેશે. ✅ આપણે અનલિસ્ટેડ શેરોમાં શા માટે રોકાણ કરવું જોઈએ? ✅ અનલિસ્ટેડ શેરોમાં રોકાણ કેવી રીતે કરવું? ✅ કયા પ્રકારના અનલિસ્ટેડ શેરોમાં રોકાણ કરવું જોઈએ? ✅ અનલિસ્ટેડ શેરોમાં રોકાણ કરવા માટેના નીતિ નિયમો અને કરપાત્રતા આ સાથે ગુજરાતી અને અંગ્રેજી બન્ને ભાષામાં ઉપરોકત વીષય પર આપવામાં આવેલા માહિતીપ્રદ પ્રેઝન્ટેશનની યુ-ટ્યુબ લીંક આ સાથે આપને મોકલેલ છે. ગુજરાતી ભાષા પર વિડિઓ: https://www.youtube.com/watch?v=8nGYA2tAT84 ઇંગલિશ ભાષા પર વિડિઓ: https://www.youtube.com/watch?v=-n3CY-xdrHA આયોજક: આશુતોષ ફાયનાન્સિઅલ સર્વિસીઝ પ્રા. લી. •રોકાણ •વીમા •ઇન્કમટેક્ષ & વારસાઈ હક્કનું આયોજન • એન. આર. આઈ. સર્વિસીઝ www.ashutoshfinserv.com સંપર્ક કરો: +૯૧ ૭૩૮૩૫ ૩૦૯૧૯, ૯૩૭૭૩ ૩૫૯૫૯ ઇમેઇલ: vrm@ashutoshfinserv.com આ મેસેજ તમે તમારા રસ ધરાવતા મિત્રો, સગા-સબંધીઓ અને તમારા કોન્ટેક્ટને શેર કરી શકો છો. નાણાંકીય જગતની અદ્યતન માહિતી મેળવવા માટે અમોને Ashutoshfinserv યુ –ટ્યુબ ચેનલ અને સોશીયલ મીડિયાના પ્લેટફોર્મ Facebook , Instagram , Youtube , Twitter & Linkedin અમને ફોલો કરો. ડીસ્ક્લેઈમર : ઉપરોકત સંદેશ દ્વારા કોઈ પણ રીતે રોકાણની સલાહ આપવાનો અમારો ઈરાદો નથી તે માત્ર જ્ઞાનના પ્રચાર પ્રસારના સારા ઈરાદાથી કરવામાં આવેલો અભ્યાસ છે. અનલિસ્ટેડ શેરોમાં રોકાણ બજારના જોખમોને આધીન છે, રોકાણ કરતા પહેલા સ્કીમ સંબધિત દસ્તાવેજો કાળજીપૂર્વક વાંચવા.
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LATEST NEWS ON INVESTMENT IN UNLISTED STOCKS OF TOP INDIAN COMPANIES BEFORE IPO

We are pleased to share the latest news in the attached PDF on the unlisted stock of Reliance Retail Ltd and National Stock Exchange Ltd. Please be in touch with us to buy unlisted stock of top class Indian companies. Investment in unlisted companies is an opportunity to obtain allotment before the IPO which in present times gets oversubscribed heavily. In order to understand everything about investment in unlisted stocks visit our Youtube presentation which will cover the following aspects : ✅ Why should we invest in unlisted stocks? ✅ How to invest in unlisted stocks? ✅ Which unlisted stocks to invest in? ✅ Regulatory & Tax aspects of investing in unlisted stocks Links of video In English language: https://www.youtube.com/watch?v=-n3CY-xdrHA&t=1s In Gujarati language: https://www.youtube.com/watch?v=8nGYA2tAT84&t=117s Please feel free to contact us for buying the Unlisted Stocks: Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com Ashutosh Investment Services A service of ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •Income Tax & Estate Planning •NRI Services www.ashutoshfinserv.com Please forward this message to your friends, relatives and contacts who could be interested. Follow us using Ashutoshfinserv at Facebook, Instagram , Youtube , Twitter & Linkedin to receive all the latest information from finance world. Disclaimer: We do not intend to provide any investment advice through the above message. It is a knowledge-sharing exercise in good faith.Investments are subject to market risks. Please read all the related offer documents carefully.
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સોનાના બજાર ભાવ કરતાં ઓછી કિંમતે ભારતીય રિઝર્વ બેંક દ્વારા શરૂ થતી સિરીઝમાં લોન્ચ કરાયેલા ડિજિટલ ગોલ્ડ બોન્ડ ખરીદવા માટેની ઉત્તમ તક

૨૦૨૧-૨૨ ની નવી સીરીઝ – ભાગ-૦૪ હાલમાં ૧૦ ગ્રામ સોનાની બજારકિંમત રૂ. ૪૭,૮૬૩/- PM ૦૯/૦૭/૨૦૨૧ થયેલ છે તેવા સમયમાં રિઝર્વ બેંક ઓફ ઇન્ડિયા દ્વારા સોવેરિઅન ગોલ્ડ બોન્ડ સ્કીમ અંતર્ગત રૂ. ૪૭,૫૭૦/- (રૂ. ૪૮,૦૭૦ – ૫૦૦ ડિસ્કાઉન્ટ) માં ૧૦ ગ્રામના ગોલ્ડ બોન્ડ ની સ્કીમ ઓફર કરવામાં આવેલ છે. રૂ. ૨૯૩ (૪૭,૮૬૩- ૪૭,૫૭૦) નો પ્રત્યેક ૧૦ ગ્રામે સીધો ફાયદો આ ગોલ્ડ બોન્ડ સ્કીમ ૧૬ જુલાઈ ૨૦૨૧ ના રોજ બંધ થાય છે એટલે કે આ ભાવ ફક્ત ૧૬ જુલાઈ ૨૦૨૧ સુધીજ લાગુ રહેશે. ✅ સિરીઝ –IV તા. ૧૨ જુલાઈ ૨૦૨૧ થી , ૧૬ જુલાઈ ૨૦૨૧ ના સમયગાળામાં માં ઉપલબ્ધ થશે. ✅ પ્રત્યેક ૧ ગ્રામ ના વજન માં ઉપલબ્ધ છે. ✅ ઓનલાઈન ખરીદી પર પ્રત્યેક ૧ ગ્રામે રૂ. ૫૦ નું ડિસ્કાઉન્ટ ✅ વ્યાજનો દર: વાર્ષિક ૨.૫%, વ્યાજની ચુકવણી દર ૬ મહિને કરવામાં આવશે. ✅ સમયગાળો : આ રોકાણનો સમયગાળો ૮ વર્ષ નો છે. (નિયત મુદત પહેલા ૫ વર્ષ પછી ઉપાડ કરવાની પરવાનગી) આ બોન્ડ સ્ટોક એક્સચેન્જ પર કોઈપણ સમયે વેચી શકાય છે. ✅ કરપાત્રતા : ➡️ આ બોન્ડનું વ્યાજ કરપાત્ર છે. ➡️ ૮ વર્ષ બાદ પાકતી મુદતે મળતી રકમ(મૂડી નફો) સંપૂર્ણપણે કરમુક્ત છે. ➡️ આ બોન્ડ 3 વર્ષ પહેલા બજારમાં વેચવામાં આવે તો ટૂંકા ગાળાનો મૂડી નફો ઉદભવશે. 3 વર્ષ બાદ આ બોન્ડ વેચવામાં આવે તો લાંબા ગાળાનો મૂડી નફા (ઇન્ડેક્સેશન લાભ સહીત) ની જવાબદારી થશે. આ તક નો અચુક લાભ લેશો.તક ચુકી જાવ તો પણ ચિંતા નથી! સોવરિન ગોલ્ડ બોન્ડ્સની બધી શ્રેણી વેચાણ માટે આશુતોષ ઇન્વેસ્ટમેંટ સર્વિસીસ પાસે ઉપલબ્ધ છે. Ashutosh Investment Services A Service of ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •Income Tax & Estate Planning •NRI Services Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com www.ashutoshfinserv.com આ મેસેજ તમે તમારા રસ ધરાવતા મિત્રો, સગા-સબંધીઓ અને તમારા કોન્ટેક્ટને શેર કરી શકો છો. ડીસ્ક્લેઈમર : ઉપરોકત સંદેશ દ્વારા કોઈ પણ રીતે રોકાણની સલાહ આપવાનો અમારો ઈરાદો નથી તે માત્ર જ્ઞાનના પ્રચાર પ્રસારના સારા ઈરાદાથી કરવામાં આવેલો અભ્યાસ છે. Follow us using AshutoshFinserv at: FACEBOOK, INSTAGRAM, YOUTUBE, TWITTER & LINKEDIN.
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GREAT OPPORTUNITY TO INVEST IN DIGITAL GOLD BONDS LAUNCHED BY RESERVE BANK OF INDIA AT A PRICE LOWER THAN THE MARKET PRICE OF GOLD.

FRESH SERIES OF 2021-22 – TRANCHE 04 At Present, the market price of 10 gms. of Gold is Rs. 47,863/- PM as on 9th july, 2021 and instead the Reserve Bank of India has came up with a series of schemes offering 10 gms. Gold Bonds at the rate of Rs. 47,570/- with (Rs. 48,070-Rs.500 Discount) under the Sovereign Gold Bond Scheme. Direct benefit of Rs. 293 (47,863-47,570) per 10 gms. This Gold Bond Scheme close on 16th July, 2021 which means that the offer will only be applicable till 16th July, 2021. ✅ Series III available from 12th July 2021 to 16th July, 2021. ✅ Available in the multiples of 1 gms. ✅ Rs. 50 per 1 gms discount on online purchase. ✅ Eligible Interest rate of 2.5% p.a. paid on semi-annually basis. ✅ Tenure: 8 years (Early withdrawal allowed from 5th year). ✅ Trade-able on the Stock Exchange. ✅ Taxation: ➡️ Interest on these Sovereign Gold Bond is taxable. ➡️ Appreciation (Capital gain) of the amount received on redemption (after 8 years) is tax free. ➡️ Capital Gains on sale in the market is liable to Short Term Capital Gain (on holding below 3 years), Long term Capital Gain with indexation benefit applicable after holding above 3 years. 📌 GRAB THE OPPORTUNITY!IF YOU MISS THE OPPORTUNITY DON’T WORRY! All series of Sovereign Gold Bonds are AVAILABLE with ASHUTOSH INVESTMENT SERVICES for sale. Ashutosh Investment Services A Service of ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •Income Tax & Estate Planning •NRI Services Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com www.ashutoshfinserv.com You can share the details to your Friends, Relatives and Contacts who could be INTERESTED. Disclaimer: We do not intend to provide any investment advice in any manner through the above message. It is only a knowledge-sharing exercise in good faith. Follow us using AshutoshFinserv at: FACEBOOK, INSTAGRAM, YOUTUBE, TWITTER & LINKEDIN.
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મૃત્યુ અથવા મેચ્યોરીટી પર મળતી જીવન વીમાની રકમની કરપાત્રતા

શું ભારતમાં તમામ જીવન વીમા પોલીસીમાંથી મળેલ રકમ કરમુકત છે? વીમા પોલીસી હેઠળ પ્રાપ્ત કોઈપણ રકમની કરપાત્રતા આવકવેરા કાયદાની કલમ 10 (10 ડી) દ્વારા નક્કી કરવામાં આવે છે. જેનો સારાંશ નીચે મુજબ આપી શકાય: ▶️ જ્યારે વીમાધારકનું મૃત્યુ થાય તેવી સ્થિતિમાં નોમીનીને વીમા પોલીસી રકમ પ્રાપ્ત થાય ત્યારે તેની કરપાત્રતા શું છે? ✅ વીમાધારકના મૃત્યુના કિસ્સામાં કોઈ પણ જીવન વીમા પોલીસી ની રકમ કે જે નોમીનીને (લાભકર્તા) પ્રાપ્ત થતી હોય તેમાં ચૂકવેલ પ્રીમિયમ અથવા અન્ય કોઈ પણ બાબતને ધ્યાનમાં લીધા વિના હંમેશાં કરમુક્ત હોય છે. ▶️ જ્યારે જીવન વીમા પોલીસીની રકમ વીમાધારક વ્યક્તિ દ્વારા મુદત પૂરી થયા બાદ પ્રાપ્ત થાય ત્યારે તેની કરપાત્રતા શું છે? ✅ જો પોલિસીના સમયગાળા દરમિયાન પ્રત્યેક વર્ષ (ટોપ અપ પ્રીમિયમ સહિત) માટેનું પ્રીમિયમ વીમાધારક વ્યક્તિની વીમાની રકમના ૧૦% કરતા વધારે ન હોય તો, વીમા કંપની દ્વારા પાકતી મુદતે મળતી રકમ સંપૂર્ણપણે કરમુક્ત છે. ✅ અન્ય કોઈ પણ કિસ્સામાં, આવક (મળેલ રકમમાંથી વર્ષોથી ચૂકવેલા કુલ પ્રીમિયમ ની રકમ બાદ કરવાની રહેશે) જે તે વ્યક્તિને લાગુ પડતા સ્લેબ દરો હેઠળ કરપાત્ર થાય છે. ✅ જો વીમા પોલીસીની પાકતી મુદતે મળતી આવક (રૂ. ૧ લાખથી વધુ) કરપાત્ર હોય તો, વીમા કંપની દ્વારા પાકતી મુદતે મળતી આવકના ભાગ પર ૧% ના દરે કપાત (ટીડીએસ) કરવામાં આવશે. આ ટેક્ષ ક્રેડીટની રકમનો ટેક્સ રીટર્ન ફાઇલ કરતી વખતે દાવો કરી શકાય છે. 👉🏻 અમે ઘણીબધી વીમા કંપનીઓના પ્લાન ઓફર કરીએ છીએ. જે તે વ્યક્તિની જરૂરિયાત અનુસાર શ્રેષ્ઠ લાક્ષણિકતાઓ અને સૌથી વધુ સ્પર્ધાત્મક પ્રીમિયમ સાથે વિવિધ કંપનીઓના પ્લાનની તુલના કર્યા પછી અમે તમારા માટે યોગ્ય અને સર્વોતમ પ્લાન આપીએ છીએ. તમારા માટે શ્રેષ્ઠ વીમાનો પ્લાન મેળવવા માટે અમારો સંપર્ક કરો. આશુતોષ ઇન્સયોરન્સ સર્વિસીસ •તમારા જીવન માટે વીમો,આરોગ્ય અને સંપત્તિ •નિવૃત્તિ યોજના આશુતોષ ફાઇનાન્શ્યલ સર્વિસીસ પ્રા.લિ. ની સર્વિસીસ •રોકાણ •વીમા •ઇન્કમટેક્ષ & વારસાઈ હક્કનું આયોજન • એન. આર. આઈ. સર્વિસીઝ Mobile: +91 73835 30919/93773 35959 Email: rm.insurance@ashutoshfinserv.com www.ashutoshfinserv.com આ મેસેજ તમે તમારા રસ ધરાવતા મિત્રો, સગા-સબંધીઓ અને તમારા કોન્ટેક્ટને શેર કરી શકો છો. નાણાંકીય જગતની અદ્યતન માહિતી મેળવવા માટે અમોને Ashutoshfinserv યુ –ટ્યુબ ચેનલ અને સોશીયલ મીડિયાના પ્લેટફોર્મ Facebook , Instagram , Youtube , Twitter & Linkedin અમને ફોલો કરો. ડિસ્ક્લેમર: વીમો એ આગ્રહનો વિષય છે.
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Income Tax And Estate Planning Services View Blogs in English

TAXABILITY OF LIFE INSURANCE PROCEEDS RECEIVED ON DEATH OR MATURITY

Are the proceeds from all life insurance policies tax free in India? The taxability of any amounts received under an Insurance Policy is governed by Section 10(10D) of the Income Tax Act. The same can be summarised as under : ▶️ What is the taxability when the insurance policy proceeds are received by the nominee in the event of death of the insured? ✅ The sum assured received by the nominee (beneficiary) for any life insurance policy in an unfortunate event of death of the insured is ALWAYS TAX-FREE irrespective of the premium paid or any other factor. ▶️ What is the taxability when the life insurance policy proceeds are received by the insured person on maturity of the term? ✅ The maturity sum received by the insured is TAX-FREE if the premium for EVERY YEAR (including top up premium) during the tenure of the policy is NOT EXCEEDING 10% of the sum assured as per the policy to the insured person. ✅ In any other cases, the income (sum received less total premium paid over the years) is TAXABLE under the slab rates applicable to that individual. ✅ If the maturity proceeds of the insurance policy (exceeding Rs.1 lakh) are taxable, tax is liable to be deducted at source (TDS) by the Insurance company under section 194DA at the rate of 1% on the income portion of the policy maturity proceeds. Credit for that can be claimed while filing the tax returns. 👉🏻 We offer insurance plans of many companies; we can suggest the best plan suitable for you after comparing the plans of various companies, with the best features and most competitive premium as per the requirement. Contact us to get the best insurance plan for you. Ashutosh Insurance Services •Insurance for your Life, Health and Assets •Retirement Planning A Service of ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •Income Tax & Estate Planning •NRI Services Mob. No. : +91 6358755770, +91 7043893388 Email: rm.insurance@ashutoshfinserv.com www.ashutoshfinserv.com Follow us using Ashutoshfinserv at Facebook , Instagram , Youtube , Twitter &Linkedin. Please forward this message to your friends, relatives and contacts who could be interested. Disclaimer: Insurance is a subject matter of solicitation.
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View Blogs in Gujarati Income Tax And Estate Planning Services

વિગતો જેની જાણ મારા પરિવાર ને હોવી જોઈએ

➡️ કોઈપણ વ્યક્તિના જીવનમાં વિકલાંગતા આવે અથવા તે મુત્યુ પામે ત્યારે સંપૂર્ણ નાણાકીય માહીતીની યાદી જે તેના કુટુંબને અને વારસદારોને ખુબજ મદદરૂપ થઈ શકે છે. ફેમિલી વોલ્ટ નું મહત્વ અને તેની કામગીરી શું હોય છે? ✅ વારસદારોને મિલકતની કાયદેસરની સોંપણી માટે વિલ નું શું મહત્વ છે તે આપણે જાણીએ છીએ. ફેમિલી વોલ્ટ આ સોંપણીની પ્રક્રિયાને સરળ બનાવવામાં મદદરૂપ બને છે. આ ફેમિલી વોલ્ટમાં સમાવિષ્ટ કેટલીક આવશ્યક માહિતી વિના, એકમાત્ર વિલના માધ્યમથી સંપૂર્ણ સોંપણીની પ્રકિયા સરળતાથી હાથ ધરી શકાતી નથી. ✅ વિકલાંગતા અથવા મુત્યુની ઘટનામાં વ્યક્તિની આર્થિક તેમજ વ્યક્તિગત, તમામ આવશ્યક માહિતી વારસદારોને મેળવવા માટે ફેમિલી વોલ્ટ એકમાત્ર સાધન છે. https://www.ashutoshfinserv.com/wp-content/uploads/2021/07/FAMILY-VAULT.pdf આ સાથે ફેમિલી વોલ્ટ ની પીડીએફ ફાઈલ મોકલેલ છે તે જોવા અને ફ્રી ડાઉનલોડ કરવા માટે ઉપરની લિંક પર ક્લિક કરો. તમે તમારી જાતે આ માહિતી તૈયાર કરી શકો છો. 🎯 તમે ફેમિલી વોલ્ટ તૈયાર કરવા માટે અમારી વ્યવસાયિક સેવાઓ પણ લઇ શકો છો 🎯 ✅ ઘણા કિસ્સાઓમાં ફેમિલી વોલ્ટ ની માહિતી જરૂરિયાત મુજબ બનાવવાની રહે છે. તદુપરાંત, માહિતી તૈયાર કરવા અને સુધારો કરવા માટે સમય ફાળવવાની અને ચોક્કસ કાર્યવાહી કરવાની જરૂર રહે છે તે માટે તમે અમારી સેવાઓનો લાભ લઇ શકો છો. આ માહિતી તમે તમારા સંપર્કો, મિત્રો અને સંબંધીઓ સાથે શેર કરી શકો છો. ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •Income Tax & Estate Planning •NRI Services Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com www.ashutoshfinserv.com Follow us using AshutoshFinserv at: FACEBOOK, INSTAGRAM, YOUTUBE, TWITTER & LINKEDIN.
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Income Tax And Estate Planning Services View Blogs in English

DETAILS WHICH MY FAMILY SHOULD KNOW

➡️ Comprehensive Financial Inventory to help individuals and families take charge for their financial information in the event of disability or death. What is the importance & role of a ‘FAMILY VAULT’? ✅ We know the importance of preparation of a WILL for legal transfer of assets to our successors. A ‘Family Vault’ helps in making this process of transfer seamless and convenient. A WILL alone, may not be enough to carry out the entire transfer process without several essential data as included in this ‘Family Vault.’ ✅ It is a one stop vault for the successors to avail all the necessary financials as well as personal information of an individual in the event of disability or death. Please find the PDF for the ‘FAMILY VAULT’ herewith OR follow this link to view and download for free. https://www.ashutoshfinserv.com/wp-content/uploads/2021/07/FAMILY-VAULT.pdf You can prepare the data on your own. Please feel free to share with your contacts, friends and relatives. 🎯 You can also avail our professional services to prepare the ‘FAMILY VAULT.’ 🎯 ✅ The information in the Family Vault in many cases requires customization (data prepared according to the need of the individual). Moreover, time and efforts are required to prepare and update the information for which our services can be availed. ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •Income Tax & Estate Planning •NRI Services Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com www.ashutoshfinserv.com Follow us using AshutoshFinserv at: FACEBOOK, INSTAGRAM, YOUTUBE, TWITTER & LINKEDIN.
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ટીડીએસની જવાબદારી અંગેના પ્રશ્નો જવાબ તથા વ્યવહારુ ઉદાહરણો.

૧.          કલમ ૧૯૪Q કયા ખરીદનારને લાગુ પડે છે. ટીડીએસની કલમ ૧૯૪Q ફક્ત તે જ ખરીદનાર પર લાગુ પડે છે જેમનું ટર્નઓવર આગલા નાણાકીય વર્ષમાં રૂ .૧૦ કરોડથી વધુ હતું. તા. ૩૧ માર્ચ ૨૦૨૧ ના ​​રોજ પુરા થતા વર્ષમાં  જે ખરીદનારનું  ટર્નઓવર રૂ .૧૦ કરોડથી વધારે હોય તેઓએ તેમના રહેવાસી વેચનાર પાસેથી ચાલુ નાણાંકીય વર્ષમાં તા. ૦૧/૦૭/૨૦૨૧ થી રૂ  ૫૦ લાખથી ઉપરની ખરીદી પર ટીડીએસની કપાત કરવી પડશે. તેથી  જો ૩૧ માર્ચ ૨૦૨૧ ના રોજ પૂરા થયેલા વર્ષમાં ખરીદનારનું ટર્નઓવર રૂ .૧૦ કરોડથી ઓછું હોય તો તેમણે ચાલુ નાણાકીય વર્ષમાં આ જોગવાઈનું પાલન કરવાની જરૂર નથી.   ૨.           ટીડીએસની  કપાત કઈ રકમ પર કરવાની છે: આ ટીડીએસની કપાત ફક્ત એક નાણાંકીય વર્ષમાં રૂ .૫૦.૦૦ લાખથી વધુની રકમ પર જ કરવાની છે. દા.ત. કોઈ પણ એક વેચનાર પાસેથી વર્ષ દરમ્યાન રૂ ૬૭.૦૦ લાખ રૂપિયાની ખરીદી કરેલ હોય તો ખરીદનારે રૂ. ૫૦ લાખ થી વધારાની રકમ પર એટલે કે રૂ. ૧૭.૦૦ લાખ પર ૦.૧% લેખે  ટીડીએસની કપાત કરવાની રહેશે. અત્રે એ બાબત ખાસ ધ્યાનમાં રાખવાની છે કે આ રૂ. ૫૦ લાખની મર્યાદા એક નાણાંકીય વર્ષ માટેની છે અને દરેક વેચનાર માટે છે. તેથી હવે દરેક ખરીદનાર માટે આ જોગવાઈ ૧ લી જુલાઈ ૨૦૨૧ થી લાગુ થશે એટલે કે આ અમલી તારીખ પછીની ખરીદી પર જ ટીડીએસની કપાત કરવાની રહેશે પરંતુ રૂ. ૫૦ લાખની ખરીદીની મર્યાદાની ગણતરી કરતી વખતે ૦૧ લી એપ્રીલ ૨૦૨૧ થી થયેલ ખરીદીની રકમ ને પણ ગણતરીમાં લેવાની રહેશે. ઉદાહરણ : ૧ કોઈ એક ખરીદનારએ વેચનાર પાસેથી ૧ લી એપ્રિલ ૨૦૨૧ થી ૩૦ જૂન સુધીમાં રૂ. ૪૦ લાખ રૂપિયાની ખરીદી કરેલ હોય અને ૧ જુલાઈ ૨૦૨૧ થી આજ વેચનાર પાસેથી રૂ. ૩૦ લાખની બીજી ખરીદી કરવામાં આવે તો ટીડીએસની કપાત કઈ રકમ પર કરવાની થાય? જવાબ  : ૩૦મી જુન ૨૦૨૧ સુધીમાં રૂ. ૪૦ લાખની ખરીદી કરેલ છે એટલે કે રૂ. ૫૦ લાખની પુરા નાણાંકીય વર્ષની મર્યાદામાંથી માત્ર રૂ. ૧૦ લાખ બાકી છે, ૧લી જુલાઈ ૨૦૨૧ પછી નવી ખરીદી રૂ. ૩૦ લાખની કરેલ છે એટલે કે હવે રૂ. ૨૦ લાખ (રૂ. ૩૦ લાખ- રૂ.૧૦ લાખ) પર ટીડીએસની કપાત કરવાની રહેશે. ઉદાહરણ ૨: – કોઈ એક ખરીદનારએ વેચનાર પાસેથી ૧ લી એપ્રિલ ૨૦૨૧ થી ૩૦મી  જૂન ૨૦૨૧સુધીમાં રૂ. ૭૦ લાખની ખરીદી કરેલ છે. ૧ લી જુલાઈ ૨૦૨૧ ના રોજ આજ વેચનાર પાસેથી બીજી રૂ. ૩૦ લાખ રૂ. ની ખરીદી કરવામાં આવે તો ટીડીએસની કપાત કઈ રકમ પર કરવાની થાય? જવાબ :૨ ખરીદનાર એ રૂ. ૭૦ લાખની ખરીદી ૩૦ જુન ૨૦૨૧ પહેલા કરી દીધેલ છે એટલે કે રૂ. ૫૦ લાખની ખરીદીની મર્યાદા પૂરી થઈ ગયેલ છે તેથી તા. ૧ લી જુલાઈ ૨૦૨૧ પછી રૂ. ૩૦ લાખની જે નવી ખરીદી કરવામાં આવેલી છે તે પૂરી રકમ પર ટીડીએસની કપાત કરવાની રહેશે.
  1. ટીડીએસ ની કપાત કઈ રકમ પર કરવાની થાય?
આ ચર્ચા કરવાનું કારણ એ છે કે વેચાણ પર ટીસીએસ ની જોગવાઈ કરવામાં આવેલ હતી ત્યારે સેન્ટ્રલ ડાયરેક્ટ ટેક્સ બોર્ડ દ્વારા સ્પષ્ટતા કરવામાં આવી હતી કે ટીસીએસ જી.એસ.ટી  સહીત ની રકમ પર કરવાનો રહેશે. પરંતુ કલમ 194Q હેઠળ ટીડીએસ માટે આવી કોઈ સ્પષ્ટતા કરવામાં આવેલ નથી એટલે ખરીદનારે ટીડીએસ જી.એસ.ટી સહીતની રકમ પર જ  કપાત કરવી જોઈએ. ૪.           ટીડીએસ ની કપાત કયારે કરવાની થાય? ટીડીએસ ની કપાત વેચનારાના ખાતે આવી રકમ જમા કરવામાં આવે અથવા ચૂકવણી કરવામાં આવે બેમાંથી જે વહેલુ હોય તે સમયે કરવી જોઈએ. ૫.      વેચનારનો પાન(PAN) ન હોય તો ટીડીએસ દર ૫% : જો વેચનાર ખરીદનારને તેનો પાન નંબર ન આપે તો ટીડીએસનો આ દર ૫% રહેશે. ૬.      ઇન્કમટેક્ષના રિટર્ન ફાઇલ ના કરેલ હોય તેના માટે ડબલ ટીડીએસનો દર: “ચોક્કસ વ્યક્તિઓની ” ની નવી કેટેગરી જાહેર કરવામાં આવી છે  જેનો ટીડીએસ ૧લી  જુલાઈ ૨૦૨૧ થી કાપવાનો છે. જે અંતર્ગત આ ચોક્કસ વ્યક્તિઓના ટીડીએસ નિયમિત દર ના બમણા અથવા ૫% બેમાંથી જે વધારે હોય તે દરે કપાત કરવાની રહેશે. આ ચોક્કસ વ્યક્તિઓમાં એનો સમાવેશ કરવામાં આવેલ છે કે જેઓનો તમામ સ્રોતમાંથી તેમની પાસેથી કાપવામાં આવેલા ટીડીએસ / ટીસીએસ રૂ. ૫૦,૦૦૦ થી વધારે હોય અને તેઓ સતત બે વર્ષથી ઇન્કમટેક્ષના રિટર્ન નિયમિતપણે ફાઇલ કરતા નથી. ૭.      ટીડીએસની કપાતની રકમ જમા ન કરવામાં આવે તો શું થાય? આવકવેરા કાયદાની કલમ ૪૦(ia) મુજબ રહીશ વ્યક્તિને ચૂકવણી કરવામાં આવી હોય અને તેમાં ટીડીએસ ની કપાત કરેલ ના હોય અથવા ટીડીએસની કપાત કરેલ હોય પરંતુ સમયસર ટીડીએસ જમા કરાવેલ ના હોય તો તેવા સંજોગોમાં ચુકવણીની રકમના ૩૦% સુધીની રકમ જે –તે વ્યક્તિની આવકમાં ઉમેરવામાં આવશે. ૮.      ટી.ડી.એસ. ની કપાત કયારે કરવી ન જોઈએ ?: – ઉપરોકત સંદર્ભમાં જો ઉપર જણાવેલી બધી શરતો પૂરી થતી હોય તો ખરીદનાર ટીડીએસ ની કપાત કરવા માટે જવાબદાર બને છે. તેમ છતાં નીચે જણાવેલ બે પરિસ્થિતિઓમાં ટીડીએસ ની કપાત કરવાની જવાબદારી ખરીદનારની ઉભી થતી નથી. (૧)  જયરે અન્ય કોઇ પણ કલમ અંતર્ગત આ ખરીદીના વ્યવહાર પર ટીડીએસની કપાત કરવામાં આવી હોય તો આ વ્યવહાર પર કલમ ૧૯૪Q હેઠળ ટીડીએસની કપાત કરવાની રહેશે નહિ. (૨) જ્યારે કલમ 206 સી હેઠળ વેચાણ પર ટીસીએસની કપાત કરવામાં આવતી હોય તો આ પ્રકારના વ્યવહાર પર ટીડીએસની જોગવાઈઓ લાગુ પડશે નહિ. અત્રે એ નોધનીય છે કે જે વ્યવહાર પર ખરીદનાર અને વેચનારની બન્નેની ટીડીએસ, ટીસીએસની જવાબદારી થતી હોય ત્યારે ખરીદનારએ વેચનારને જાણ કરવી જોઈએ તેઓ આ વ્યવહાર પર ટીડીએસ ની કપાત કરશે જેથી વેચનાર આ વ્યવહાર પર ટીસીએસની કપાત ના કરે. For further details, Contact us on: E-Mail: lawserve@ashutoshfinserv.com Phone No: +91 93769 62244
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Practical Examples With Questions & Answer For Understanding The Calculation Of Tax Deducted At Source (TDS)

  1. Section 194Q is applicable to which buyers: –
The section 194Q of TDS is applicable only to those buyers whose turnover, gross receipt or sales in the previous year was more than Rs.10 crores hence in the financial year ended on 31st March 2021, the buyers whose turnover was more than Rs.10 crore in that year, they have to deduct TDS from their resident seller on the purchase of above Rs.50lakh in the current financial year 2021-22. Therefore, if the turnover of a buyer is less than Rs.10 crore in the year ended March 31,2021, he does not have to comply with this provision in current financial year.   2. On which amount TDS is to be deducted: – This TDS is to be deducted only on the amount above Rs 50.00 lakh in a financial year from one seller i.e., if the purchase is for Rs 67.00 lakh then the Buyer has to deduct TDS only on the amount above Rs 50 lakh i.e., on Rs 17.00 lakh, then for each seller, the buyer will have to deduct first Rs. 50 Lakhs then deduct TDS on remaining amount. Now one more thing to keep in mind that this limit of Rs 50 lakh is for one financial year for each seller, so now that this provision is applicable from 1st July 2021 then TDS you have to deduct only on purchases after 1st July 2021 but While ascertaining the limit of purchase Rs. 50.00 Lakhs, the purchases from April 1, 2021, the purchase will also have to be taken into account. Examples 1: – Purchaser has made purchase from seller from 1st April 2021 to 30th June 2021 for Rs 40lakhs and now on 1st July 2021 another purchase has been made from the same seller for Rs 30 lakhs. On what amount is TDS to be deducted? Ans Out of 30 lakhs on this purchase TDS has to be deducted on Rs. 20 lakh after deducting Rs 10 lakh. The limit of a financial year is Rs 50 lakh per seller, so purchaser has already purchased Rs 40 lakh out of this limit before June 30, so now only Rs 10 lakh is left out of the limit of Rs 50 lakh. Example 2: – Purchaser has made a purchase from seller from 1st April 2021 to 30th June 2021 for Rs 70lakhs and now on 1st July 2021, another purchase has been made from the same seller for Rs 30 lakhs, On what amount is TDS to be deducted? Ans. Purchase for Rs 30 lakhs only TDS is to be deducted. The limit of Rs. 50 lakh per seller is for a financial year and purchaser has already exhausted this limit before 30th June 2021.
  1. Whether TDS is to be deducted while adding GST: –
The reason for this controversy that the TCS to be deducted under section 206 (C) (1H)where the Central Board of Direct Taxes had clarified that TCS is to be deducted only on the entire amount received including GST. The Central Board of Direct Taxes had not clarified in the case with TDS under section 194Q. But keep in mind here that no such clarification has been issued with respect to the goods. Hence it wants to deduct this TDS on the amount of GST.
  1. At what time TDS is to be deducted: –
TDS is to be deducted at the time when such amount is credited to the seller’s account or paid to him, whichever is earlier.
  1. TDS rate 5% for non-delivery of PAN number – Section 206AA
If the seller does not give his PAN number to the buyer, then this rate of TDS will be 5%
  1. Rate of TDS for Non-filers of ITR:
A new category of “Specified Persons” whose TDS is to be deducted from 1st July 2021has been mentioned under section 206AB for whom TDS is to be deducted at twice the regular rate or 5 percent, whichever is higher. These persons are categorized as the persons in whose case the TDS/TCS deducted from them from all the sources is high in but they are defaulters in filing their returns regularly. Here defaulters mean persons who are not filing their ITRs for continuous 2 years in spite of the fact that in each of both these 2 years the TDS/TCS deducted and/or collected is more than Rs.50000.00.
  1. What will be the result of not deducting/depositing TDS: –
As per section 40(ia) of the Income Tax Laws an amount has been paid to a resident on which TDS is to be deducted but not deducted and if deducted and the same is not deposited before the expiry of the time provided for furnish of ITR under section 139(1)then the 30% of the amount on which TDS is to be deducted and deposited will be added to the income of that person.
  1. When not to deduct TDS: –
In this regard, if all the conditions mentioned above are fulfilled, the buyer becomes liable to deduct TDS, even then he does not have to deduct this TDS and two such situations are there: – (i). Where TDS is to be deducted on the transaction of this purchase under any of the provision under the Income Tax Act. (ii). When TCS is deductible under 206C (excluding TCS provisions applicable to sale of goods under section 206(C)(1H)) by the seller on that transaction, the provisions of TDS are not applicable. Please keep in mind here that TCS is to be deducted in any of the provisions of TCS in section 206C, then TDS is not to be deducted under this section. So please note where there is a transaction on which buyer and seller both are covered to deduct TDS and TCS respectively then it is only the buyer who has to deduct TDS and  in all those cases all these buyers should inform the seller. For further details, Contact us on: E-Mail: lawserve@ashutoshfinserv.com Phone No: +91 93769 62244
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લાભાર્થીઓને ઇરછા મુજબની મિલકતો ટ્રાન્સફર કરવા માટે વિલ કેવી રીતે તૈયાર કરવું?

🟥 ભારતીય વારસાહક કાયદા હેઠળ માન્ય વિલ તેની પોતાની મિલકતોના સંદર્ભમાં બનાવેલુ હોવું જોઈએ. 🟥 ભારતીય વારસાહક અધિનિયમ હેઠળ વિલ કાયદેસર રીતે માન્ય થવા માટે તેમાં માન્ય વિલ માં નીચે દર્શાવેલ મુદ્દાઓ મુજબના તમામ આવશ્યક તત્વો હોવા જરૂરી છે. 🟥 લાભાર્થીઓને ઈરછા મુજબની મીલકતો આપવા માટે તેની ચોક્કસ વિગતો સાથે વિલ લેખિતમાં હોવું જરૂરી છે 🟥 વિલ હેઠળ લાભાર્થીઓ કે જેમને મિલકતો આપવાની છે તેમના નામ અને આપવાની વિગતો અંગેનો ઉલ્લેખ સ્પષ્ટપણે કરવો જોઈએ. 🟥 વિલ બનાવનાર વ્યક્તિની ઓળખની સાથે સહી અને તારીખ હોવી જરૂરી છે કે જેના પર વિલનો અમલ કરવામાં આવે છે. 🟥 બે પુખ્ત વયના સાક્ષીઓની સહીઓ સાથે તેમની ઓળખ વિલ માટે મેળવવાની રહેશે. સાક્ષીઓની ઉમર વિલ બનાવનાર વ્યક્તિ કરતા ઓછી હોવી જોઈએ તેમજ ઉમરલાયક વ્યકિતનું વિલ બનાવતા હોય તેવા કિસ્સામાં ડોક્ટરને સાક્ષી તરીકે રાખવા સલાહભર્યું છે. વિલમાં જેની સાક્ષી તરીકે સહી કરાવેલ છે તે વ્યક્તિ વિલમાં લાભાર્થી હોવો જોઈએ નહિ. 🟥 તે બન્ને સાક્ષીઓના સોગંદનામાં કરાવવા સલાહભર્યા છે કે જેઓ વિલના સાક્ષીઓ છે તે હકીકતને સમર્થન આપે છે. આ સોગંદનામાં વિલ બનાવનારના મૃત્યુ પછી પ્રોબેટ લેતા સમયે કોર્ટમાં દાખલ કરવાના હોય છે. 🟥 વિલ પર સહી કરનાર વ્યક્તિ નોટરી પબ્લિક સમક્ષ સહી કરી શકે છે અથવા કોઈપણ અધિકૃત સબ-રજિસ્ટ્રાર કાર્યાલયમાં વિલની નોંધણી કરાવી શકાય છે. જો કે, કાયદા હેઠળ બેમાંથી કોઈપણ પ્રક્રિયા ફરજિયાત નથી. 🟥 વિલ તૈયાર કરનારી વ્યક્તિ ઇચ્છિત લાભાર્થીઓને તેની મિલકતો આપવા માટે વહીવટદાર (લાભાર્થી સહિત) ની નિમણુંક કરી શકે છે. જો કે, આવી નિમણુંક ફરજિયાત નથી. 🟥 વિલમાં નોટરી વગર કે નોટરી સમક્ષ સહી કરવી અથવા તેની નોધણી કરાવવી અથવા વહીવટદાર નિમણૂક કરવી જે –તે હક્કિત અને સંજોગો પર આધારીત છે. 🟥 બધી મિલકતોના સંદર્ભમાં એક વિલ બનાવવું હંમેશા સલાહભર્યું છે કારણકે તેને લીધે કોઈ પણ વ્યક્તિ પોતાની ઇરછા મુજબના લાભાર્થીઓને આ સંપતિ આપી શકે. 🟥 કાયદેસર, સરળતાથી અને અસરકારક રીતે તમારા વારસદારોને સંપતિ આપવાનું આયોજન કરવા માટે માટે અમારો સંપર્ક કરો. મોબાઈલ : +91 73835 30919 / 93769 62244 ઈમેઈલ : vrm@ashutoshfinserv.com નાણાંકીય જગતની અદ્યતન માહિતી મેળવવા માટે અમોને Ashutoshfinserv યુ –ટ્યુબ ચેનલ અને સોશીયલ મીડિયાના પ્લેટફોર્મ Facebook , Instagram , Youtube , Twitter & Linkedin અમને ફોલો કરો. ડિસ્ક્લેમર: ઉપરોક્ત સંદેશ સંબંધિત કાયદાની અમારી સમજ પર આધારિત છે. કૃપા કરીને યોગ્ય વ્યાવસાયિકની સલાહ લેવી.
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View Blogs in Gujarati Income Tax And Estate Planning Services

કોઈપણ વ્યક્તિ પોતાની સ્થાવર અને જંગમ મિલકતોનું વિલ બનાવ્યા વગર મૃત્યુ પામે તો શું થાય?

🟨 અત્રે એ ઉલ્લેખનીય છે કે કોઈપણ વ્યક્તિ વિલ બનાવ્યા વગર મૃત્યુ પામે તો તેની મિલકતોના સંદર્ભમાં ભારતીય વારસાહકનો કાયદો આ મિલકતો પર લાગુ પડે છે. 🟨 હિંદુ વારસાહક્ક કાયદા અનુસાર જયારે કોઈપણ હિંદુ, શીખ, જૈન & બુદ્ધિસ્ટ વ્યક્તિનું વિલ બનાવ્યા વગર મૃત્યુ થાય ત્યારે તેની મિલકતોની વહેચણી વર્ગ -૧ ના વારસદારો વચ્ચે સરખે હિસ્સે કરવામાં આવે છે. 🟨 વર્ગ -૧ ના વારસદારોમાં પુરુષના કિસ્સામાં માતા, વિધવા,દીકરીઓ, દીકરાઓ અને અગાઉ મૃત્યુ પામેલ દીકરા /દીકરીના વારસદારો અને મહિલાના કિસ્સામાં દીકરાઓ, દીકરીઓ, અગાઉ મૃત્યુ પામેલ દીકરા/દીકરીના બાળકો અને પતિનો સમાવેશ થાય છે. 🟨 જો મૃત્યુ પામેલ પુરુષ અથવા મહિલા ઉપરમાંથી કોઈ સગાસંબંધી ધરાવતા ના હોય તો આ મિલકતો વર્ગ-૨ અને ત્યારબાદ વર્ગ -૩ ના વારસદારોને આપવામાં આવે છે કે જેઓ દુરના સગાસંબંધી થાય છે. 🟨 આ ટ્રાન્સફરની કાર્યવાહી કરવા માટે વારસાઈહકના કાયદા અનુસાર કાયદેસરના વારસદારોએ મામલતદારના કાર્યાલયમાંથી વારસાઈનું પ્રમાણપત્ર(વારસાઈ આંબો/પેઢી નામું/પરિવારનો આંબો) મેળવવાનું રહે છે. 🟨 ત્યારબાદ કાયદેસરના વારસદારોએ કોર્ટમાં અરજી કરી લેટર ઓફ એડમિનિસ્ટ્રેશન મેળવવાનું રહે છે કે જે એક કોર્ટનો ઓર્ડેર છે જેમાં મૃત્યુ પામેલ વ્યક્તિના કાનુની વારસદારોને વિલમાં મળેલી મિલકતોને પ્રમાણિત કરવામાં આવે છે. 🟨 કોર્ટ દ્વારા જાહેર નોટીસ આપવામાં આવે છે અને તેના સંદર્ભમાં આવેલ જવાબો ને ધ્યાનમાં લઈને ત્યારબાદ લેટર ઓફ એડમિનિસ્ટ્રેશન આપવામાં આવે છે. 🟨 જો કોઈ રહીશ ભારતીય વિદેશમાં મિલકતો ધરાવતો હોય તો જે તે સંબંધિત વિદેશના કાર્યક્ષેત્રના વારસાઈના કાયદાઓનું પણ સાથોસાથ પાલન કરવાનું રહેશે. 🟨 અત્રે એ નોંધનીય છે કે નોમિની એ મિલકતનો કાયદેસર માલિક નથી તે માત્ર મૃતકની સંપત્તિનો કસ્ટોડિયન / ટ્રસ્ટી છે. કાયદેસરનો માલિક તે વ્યક્તિ છે કે જે વારસાઈ કાયદા હેઠળ કાનૂની વારસદાર છે અને માન્ય વિલના કિસ્સામાં વિલ હેઠળના લાભાર્થીઓ. 🟨 બધી મિલકતોના સંદર્ભમાં એક વિલ બનાવવું હંમેશા સલાહભર્યું છે કારણકે તેને લીધે કોઈ પણ વ્યક્તિ પોતાની ઇરછા મુજબના લાભાર્થીઓને આ સંપતિ આપી શકે. 🟨 કાયદેસર, સરળતાથી અને અસરકારક રીતે તમારા વારસદારોને સંપતિ આપવાનું આયોજન કરવા માટે માટે અમારો સંપર્ક કરો. મોબાઈલ : +૯૧ ૭૩૮૩૫ ૩૦૯૧૯/૯૩૭૬૯ ૬૨૨૪૪ ઈમેઈલ : vrm@ashutoshfinserv.com નાણાંકીય જગતની અદ્યતન માહિતી મેળવવા માટે અમોને Ashutoshfinserv યુ –ટ્યુબ ચેનલ અને સોશીયલ મીડિયાના પ્લેટફોર્મ Facebook , Instagram , Youtube , Twitter & Linkedin અમને ફોલો કરો. ડિસ્ક્લેમર: ઉપરોક્ત સંદેશ સંબંધિત કાયદાની અમારી સમજ પર આધારિત છે. કૃપા કરીને યોગ્ય વ્યાવસાયિકની સલાહ લેવી.
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Income Tax And Estate Planning Services View Blogs in English

How To Prepare A Will For Transfer Of Assets To Beneficiaries In The Desired Manner?

🟥 A Will valid under the Indian Succession Act has to be made in respect of his/her Assets. 🟥 For the Will to be legally valid under the Indian Succession Act, it has to have all the essential elements of a valid Will as listed in the following points. 🟥 The Will has to be in writing with precise details of the assets to be passed to the beneficiaries in the desired manner. 🟥 The names and details of the beneficiaries under the Will to whom assets are to be passed have to be clearly stated. 🟥 The person preparing the Will has to be identifiable along with his signature and date on which the Will is executed. 🟥 Signatures of two adult witnesses with their identification have to be obtained. It is advisable to have witnesses who are younger than the person preparing the Will and also have Doctor as a witness in case of an aged person preparing the Will. A witness should not be a beneficiary in the Will. 🟥 It is advisable to execute declarations of the two witnesses confirming the fact that they are the witness of the Will. These Declarations can be filed in court at the time of obtaining the probate after death. 🟥 Person signing the Will can sign before Notary Public or get the Will Registered at any authorized sub-registrar. However, none of the two procedures are mandatory under law. 🟥 The person preparing the Will can appoint an executor (including a beneficiary) for executing the transfer of his/her assets to the intended beneficiaries. However, such an appointment is not mandatory. 🟥 Whether to sign the Will, without Notary, before Notary or get the same registered or to appoint an executor, depends on the facts & circumstances of the case. 🟥 IT IS ALWAYS ADVISABLE TO MAKE A WILL IN RESPECT OF ALL ASSETS SO THAT ONE CAN TRANSFER THE WEALTH TO THE INTENDED BENEFICIARIES IN THE DESIRED MANNER. 🟥 Contact us to plan the succession of your wealth to your successors in a legitimate, convenient and efficient manner. Mobile: +91 73835 30919 / 93769 62244 Email: vrm@ashutoshfinserv.com Follow us using Ashutoshfinserv at Facebook, Instagram , Youtube , Twitter & Linkedin to receive all the latest information from finance world. Disclaimer: The above message is based on our understanding of the relevant laws. Please take appropriate professional advice.
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Income Tax And Estate Planning Services

What Happens When A Person Dies Without A Will To His/Her Immovable & Movable Assets?

🟨 It is important to note that if an individual dies without making a Will in respect of his/her Assets, the Indian Laws of inheritance would apply on such assets. 🟨 As per the Hindu Succession Act, 1956, when a Hindu, Sikh, Jain, & Buddhist individual dies without a Will, his assets are divided equally among the Class I heirs. 🟨 The Class-1 heirs in case of a male are Mother, Widow, Daughters, Sons, and Heirs of the predeceased Son / Daughter and in case of a female are Sons, Daughters, Children of predeceased Son / Daughter and the Husband. 🟨 If the deceased male or female does not have any of the above stated relatives, the assets are passed to the Class-II and thereafter the Class-III heirs, who are distant relatives. 🟨 In order to carry out the transfer procedure, the legal heirs under the Law of Succession should obtain a certificate of Heirship (Varsai Ambo / Pedhi Namu / Family Tree) from Mamlatdar office. 🟨 The legal heirs should then apply to the court to obtain a Letter of Administration which is an order of the Court certifying the legal heirs of the deceased and the assets bequeathed to the legal heirs. 🟨 The Court will issue public notice and consider any responses received, after which it will issue a Letter of Administration. 🟨 If a resident Indian is holding assets abroad, the requisite inheritance laws in the respective foreign jurisdiction have to be complied simultaneously. 🟨 It may be noted that a Nominee is not the legal owner of the asset. He/she is merely a Custodian/Trustee of the asset of the deceased. The lawful owner is the person who is the legal heir under the laws of inheritance and in case of a valid Will, the beneficiaries under the Will. 🟨 IT IS ALWAYS ADVISABLE TO MAKE A WILL IN RESPECT OF ALL ASSETS SO THAT ONE CAN TRANSFER THE WEALTH TO THE INTENDED BENEFICIARIES IN THE DESIRED MANNER. 🟨 Contact us to plan the succession of your wealth to your successors in a legitimate, convenient and efficient manner. For Further Details, Contact us on: Mobile: +91 73835 30919 / 93769 62244 Email: vrm@ashutoshfinserv.com Follow us using Ashutoshfinserv at Facebook, Instagram , Youtube , Twitter & Linkedin to receive all the latest information from finance world. Disclaimer: The above message is based on our understanding of the relevant laws. Please take appropriate professional advice.