Home > Money > Samraat Jadhav

Need Expert Advice?Our Gurus Can Help

Samraat

Samraat Jadhav

Stock Market Expert 

2178 Answers | 154 Followers

Samraat Jadhav is the founder of Prosperity Wealth Adviser.
He is a SEBI-registered investment and research analyst and has over 18 years of experience in managing high-end portfolios.
A management graduate from XLRI-Jamshedpur, Jadhav specialises in portfolio management, investment banking, financial planning, derivatives, equities and capital markets.... more

Answered on Jan 13, 2025

Asked by Anonymous - Jan 10, 2025Hindi
Listen
Money
Indian Deceased Left Shares in the US: Questions from Beneficiaries
Ans: Let's address your queries one by one:
1. After payment of Estate Duty in the USA, when the brokerage is allowed to release the shares, where will the shares of C have to be kept?
o Once the Estate Duty is paid, the brokerage can release the shares. Since C is a minor, his 50% share should be kept in a custodial account until he reaches the age of majority. The shares cannot be sold and the money parked in a bank account in India without following proper legal procedures and tax regulations.
2. When a part of the shares are sold by the brokerage for payment of Estate Duty, will the sale price attract capital gains tax?
o Yes, the sale price will attract capital gains tax. The capital gains tax will be calculated based on the difference between the sale price and the fair market value of the shares at the date of death.
3. What will be the cost of acquisition for B & C? Will it be the price at which the shares were originally acquired or the price on the date of death of the holder (this is the rate which has been considered for calculation of the Estate Duty)?
o The cost of acquisition for B and C will be the fair market value of the shares on the date of death of the holder. This value is used for calculating the Estate Duty.
I hope this helps clarify things. If you have any more questions or need further assistance, feel free to ask.
Asked on - Jan 13, 2025 | Answered on Jan 13, 2025
Listen
Thanks a lot for the clear answers to the queries. However, from custodial account, do you mean a brokerage account in USA in the name of B only ( but a seperate account as B already has a brokerage account with the same brokerage where A had the account ). If yes, then please let me know how B can have two accounts with the same brokerage ? Also, can B sell the shares on behalf of C and transfer the proceeds to an Indian bank in which an account can be opened in name of C under guardianship of B? Or can B keep the shares in her already existing account and does not sell the number of shares entitled to C until C attains the age of majority ? Would be highly thankful for more info on this aspect.
Ans: Multiple Brokerage Accounts: Yes, B can have two separate brokerage accounts with the same brokerage. This is often done for different purposes, such as managing personal investments separately from those of the minor (C). To open a second account, B would need to follow the brokerage's account opening procedures, which typically include providing identification, completing a new account application, and fulfilling any necessary Know Your Customer (KYC) requirements.
Selling Shares on Behalf of C: As C's legal guardian, B can sell the shares entitled to C and transfer the proceeds to an Indian bank account. B would need to ensure that all legal and tax requirements are met for both the sale and the transfer of funds. The proceeds can be transferred to an account in C's name, under B's guardianship, in India.
Keeping Shares in B's Account: B can also choose to keep the shares in her existing account until C reaches the age of majority. However, B would need to ensure that the shares are clearly designated as C's property and that all transactions are properly documented.
Transferring Funds to India: B can transfer the sale proceeds to India using various methods, such as bank transfers, online money transfer services, or wire transfers. It's important to choose a reliable service that offers competitive exchange rates and low fees.
Asked on - Jan 13, 2025 | Answered on Jan 14, 2025
Listen
Thanks a lot Mr Samraat for the crisp & clear answers to the queries.
Ans: Thanks
(more)

Answered on Jan 10, 2025

Asked by Anonymous - Jan 10, 2025Hindi
Listen
Money
IT Stock Dilemma: Flat Growth - Temporary Blip or Deeper Industry Challenge?
Ans: It's great that you're carefully considering these factors before making an investment decision. Let's break down each aspect:

Flat Sequential Growth
Flat sequential growth in the IT sector could be due to a variety of factors, including macroeconomic challenges, cuts in discretionary spending, and delays in decision-making. While some analysts believe this could be a temporary phase with a potential rebound in subsequent quarters, others caution that it might reflect broader, more persistent challenges.

Global Economic Trends and Client Spending Patterns
IT stocks are indeed sensitive to global economic trends and client spending patterns. A strong order book can be a positive indicator, but it's essential to consider the broader economic environment. If global economic conditions improve and client spending increases, IT stocks could see significant growth.

Invest Now or Wait?
Investing now with a strong order book as a growth indicator could be a good move if you believe in the sector's resilience and potential for recovery. However, if you prefer to wait for clearer signals of sustained performance and recovery in discretionary spending, it might be wise to hold off until there's more certainty.

Ultimately, the decision depends on your risk tolerance and investment horizon. If you're comfortable with some level of uncertainty and believe in the sector's long-term potential, investing now could be beneficial. If you prefer a more cautious approach, waiting for clearer signals might be the better choice.
(more)

Answered on Jan 06, 2025

Asked by Anonymous - Jan 06, 2025Hindi
Listen

Answered on Jan 06, 2025

Asked by Anonymous - Jan 06, 2025Hindi
Listen

Answered on Jan 06, 2025

Asked by Anonymous - Jan 06, 2025Hindi
Listen

Answered on Jan 06, 2025

Asked by Anonymous - Jan 06, 2025Hindi
Listen

Answered on Jan 03, 2025

Loading...Please wait!
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x