finance
  • r

    rich-nest-76342

    11/16/2022, 7:49 AM
    Hello. Are there any recent changes related to Forex at ICICI? As per my RM, the conversion rate margin is going to be fixed now onwards. Just want to confirm if this is true or some gimmick by my RM.
  • s

    swift-printer-82590

    11/16/2022, 10:46 AM
    Hello, Is there anyone who gets paid through Deel? If yes, do you guys get the Purpose code in the FIRC document? I get paid in euros through deel and the Indian bank partner doesn’t send it as a particular purpose code rather sending different purposes each time. When consulted with my CA, he insists there will be problems in the future stating that all these Foreign transactions should have the correct purpose code. Do you guys faced anything like this before?
  • c

    calm-gigabyte-36239

    11/16/2022, 10:52 AM
    I want to pay for services for a business that is outside India. do i need some documents for outward remittance?
  • f

    faint-energy-11966

    11/16/2022, 3:01 PM
    PSA for freelancers/self-employed folks - It’s quite easy to get Amazon Pay Credit Card as ICICI has introduced Video KYC. My application was approved in less than 30 minutes. If you are still stuck with the old application, follow these steps:1) Email help.amazonpaycc@icicibank.com with your Application ID and ask them to reset your application 2) While applying, you’ll be asked for your “work” email. Just enter your Gmail ID. 3) After applying, you’ll receive an email asking you to send a confirmation from your official “work” email - Don’t do anything. You can safely ignore this email.
  • m

    mammoth-kilobyte-43714

    11/17/2022, 10:48 AM
    Hey Folks, Thoughts on staying as a Freelancer registered as a Sole Proprietor or registering as a Business (Pvt Ltd or LLP) ? I’d be crosssing the 50L a year threshold soon. While I’d love to register myself as a business, I do not have a bunch of expenses that I can show to benefit from it. Came across this

    VIDEO

    (
    watch 11:36 to 14:25
    ) can one really register a business & then claim to work as a freelancer for the business and draw a salary from which you take deductions under 44ADA? Would love to talk to folks here who are doing this already & get a better understanding of how are they paying lesser taxes. I’ve already spoken to CA in the past, where he mentioned a list of loopholes (stuff like hiring your parents within the company & paying them salary etc) one can use to bring the taxable income down. I am uncertain of the consequences & want to connect with people who are doing this already. 🙂
  • b

    billions-father-5156

    11/17/2022, 11:59 AM
    Hey my fellow finance peeps at RI, I have a mega thread in progress here. I will be writing about 16 different financial instruments that I have either invested in / was and my thoughts about the same. Today I wrote about FD & RD here. Please provide your feedbacks & suggestions if any 🙂
  • e

    echoing-computer-87366

    11/17/2022, 12:21 PM
    Anyone uses SBI autosweep facility? I wanted to know do they charge any penalty if autosweep limit is broken?
  • b

    brainy-controller-42851

    11/20/2022, 12:27 PM
    Hi, working as a software consultant registered as a sole proprietorship, do I need to pay advance tax quarterly or once before march 31 ? Note: I am not opting for presumptive tax of 50% 44ADA because even though I might be under 50L this year, I will be definitely above it next year.
  • g

    gray-rocket-61706

    11/21/2022, 3:06 AM
    Hey folks, Context: I find it hard making a decision related to money. Saw a great post here about why you should consider things of better quality even if they are pricey. I want to get a mech keyboard (used a Dell Rs500 keyboard before) for my Linux machine. Some options are great, I love how they look, support Linux and are around 7k-10k. Still I research about cheaper options, end up not liking them then think of buying a good one, yet I don't. This is the same with a nice chair, headphones, shoes or just about anything. Questions: 1. How do you think in situations like this? What makes something worth it to you? 2. What are the things I should consider while making a decision?
  • c

    clever-advantage-29037

    11/22/2022, 6:51 AM
    just a curious question: if i'm registering as a sole proprietorship; can i claim purchase of vehicle/car as a business expense? is it dependent on the field of work?
  • t

    thousands-morning-63911

    11/22/2022, 11:54 AM
    Hey folks, Anyone able to get the SBI Cashback Credit Card with LTF (life-time free) offer? Also I've read from old threads that they're giving very low limits, how low is it? (Don't need the exact figure, ballpark is fine.)
  • k

    kind-queen-6796

    11/23/2022, 4:22 AM
    HDFC Regalia card holders, does the card immediately turn into LTF after meeting the spend criteria (1 lakh in 90 days) or do I have to wait 90 days before getting a notification that it has been converted to LTF? I sent an email to the hdfc cc team and got a generic response:
    We wish to inform you that credit card will be converted to a Life time free credit card post fulfilling the terms and conditions within 90 days from the date of card setup. We appreciate your patience in this regard.
  • b

    best-computer-49066

    11/23/2022, 7:38 AM
    Anyone using Axis Bank’s Magnus credit card? Any thoughts/review on it?
  • a

    adamant-judge-51663

    11/23/2022, 9:36 AM
    Hey guys! For NCR people- I’ve got a contact in Deutsche Bank who will offer a 12p margin on the IBR rate for inward foreign currency remittance. Been using him for a while now and everything is smooth, you never have to visit the bank, they will send people for all services at your doorstep. Let me know if anyone is interested, happy to get the same deal for others. 😃
  • c

    clean-arm-32663

    11/24/2022, 4:18 AM
    message has been deleted
  • c

    clever-advantage-29037

    11/24/2022, 12:01 PM
    received an email from NESL through amex, stating that i'm a debtor and need to verify on nesl's portal. did anyone else receive something similar? my amex card has been paid for the month, so its weird to receive this email
  • f

    faint-energy-11966

    11/24/2022, 12:52 PM
    My friends wants to ship some items from Amazon US to his clients (within US). He's using my Amazon account and my credit card (he doesn't have one). Will that cause any problems for me? Also TDS for foreign remittance is applicable on such purchases?
  • p

    polite-piano-90019

    11/25/2022, 6:36 AM
    Anybody here use HSBC Premiere? How is your experience? Would love to chat & pick your brain.
  • b

    brainy-controller-42851

    11/25/2022, 6:44 AM
    Does everyone here apply for a different business credit card, or tag the expenses in personal credit card as business expense... I have a personal regalia card, wondering if I should apply for a business regalia too? I dont see much use for the business regalia, and the business entity is simply my single proprietorship. Personally, I am hoping they would upgrade my regalia to infinia.. Would like to know your thoughts..
  • b

    billions-father-5156

    11/25/2022, 6:02 PM
  • b

    brainy-controller-42851

    11/27/2022, 12:26 PM
    Hi.. Does anyone use Standard Chartered ? I got a salary account from my old company and I’m confused if I should keep it or close it.. I haven’t specifically gotten any benefits from them yet.. So I am wondering if anyone else found the bank useful?
  • b

    billions-father-5156

    11/27/2022, 6:20 PM
    Another tweet talking about investing in National Pension Scheme is uphttps://twitter.com/assaultkoder95/status/1596929644925661185?s=20&t=6a4aAKjY5-zK7DWF9HxHlg Please give it a read 🙂
  • s

    stocky-magazine-34642

    11/28/2022, 7:28 AM
    Hey guys, Which tool do you use for generating an invoice? As of now, I just edit a google docs template and generate a pdf. I tried zoho but found it a bit complicated to edit their template as per my requirement.
  • i

    incalculable-kilobyte-85297

    11/28/2022, 8:33 AM
    Hi , How to get FIRC from ICICI bank? Can it be obtained online?
  • m

    miniature-air-93324

    11/29/2022, 8:45 AM
    Hi, looking to get some recommendations for app/spreadsheet templates to do finances every month. Manual entries are ok, not interested in linking bank accounts.
  • b

    billions-father-5156

    11/29/2022, 12:20 PM
    One of the most lucrative form of investment available out in the market is Peer to Peer lending that gives out upto 12% returns on your investments. Wrote a couple of tweets about P2P lending here :https://twitter.com/assaultkoder95/status/1597556468777357316?s=20&t=5NJTqdXs_yN5cyacteMJTA
  • a

    ambitious-thailand-9092

    12/01/2022, 10:36 AM
    Any suggestion on current account to get remittances in USD and convert to INR with good exchange rate?
  • b

    billions-father-5156

    12/01/2022, 11:09 AM
    Well half way through my series, I have the 8th instrument ie combination of NSC, PPF and Term deposits, explained here :https://twitter.com/assaultkoder95/status/1598272146840903680?s=20&t=oIK4HpxQByzZeOOYzUPvag
  • p

    polite-piano-90019

    12/01/2022, 4:56 PM
    I asked earlier and didn’t get a response. Trying once again. Any HSBC Premiere customers here? Just want to get a sense of your experiences.