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Mahesh Padmanabhan  |124 Answers  |Ask -

Tax Expert - Answered on May 26, 2023

Mahesh Padmanabhan has specialised in payroll, personal and corporate taxation for more than two and a half decades, enabling him to provide practical, realistic and correct advice to his clients.
He is a member of The Institute of Chartered Accountants of India and has a degree in cost accounting from the Institute of Cost Accountants of India.
He is also a qualified information systems auditor. ... more
Shailendra Question by Shailendra on Apr 07, 2023Hindi
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My daughter studying in Germany was outside India in 2022-24 for more than 182 days. She has income from there from parttime job and paid Internship. In India she has Income share investment capital gain and dividend. How she will be taxed. Should I change 3in 1 Saving bank account.

Ans: Hi Shailendra
Assuming that you are referring to FY 2022-23, as your daughter was outside India for more than 182 days, her income in Germany would not be taxable in India. You need to note that she should not get the income credited in India in the first instance. She could deposit the income in Germany first and then remit it to her NRO or NRE account in India.

She needs to get her savings account in India redesignated as NRO account
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Hardik

Hardik Parikh  |106 Answers  |Ask -

Tax, Mutual Fund Expert - Answered on Apr 07, 2023

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My daughter studying in Germany was outside India in FY 2022-23 for more than 182 days. She has income in Germany from parttime job and paid Internship. In India she has Income from share investment /MF capital gain/loss and dividend. How she will be taxed in India. Should I change her 3 in 1 Saving bank account with ICICI Direct.
Ans: Dear Shailendra,

As your daughter was outside India for more than 182 days during the financial year 2022-23, she would be considered a Non-Resident Indian (NRI) for tax purposes. I'll outline the tax implications for her below.

Income earned in Germany: As an NRI, your daughter will not be taxed in India for the income she earned in Germany through her part-time job and paid internship. She will need to pay taxes on this income according to the tax laws in Germany.
Income from share investments, mutual funds, and dividends in India: As an NRI, your daughter will only be taxed on her income that is earned or accrued in India. This includes:
Short-term capital gains on equity shares and equity-oriented mutual funds: These will be taxed at a rate of 15%.
Long-term capital gains on equity shares and equity-oriented mutual funds: Gains exceeding ₹1 lakh will be taxed at a rate of 10%.
Short-term and long-term capital gains on non-equity investments (e.g., debt mutual funds) will be taxed as per the applicable slab rates for NRIs.
Dividends: Dividends received from Indian companies will be subject to tax deduction at source (TDS) at a rate of 20% (plus applicable cess and surcharge).
Regarding your query about changing her 3-in-1 savings bank account with ICICI Direct, it is advisable to inform the bank about her change in residential status and convert the account into an NRO (Non-Resident Ordinary) account. This will help in managing the tax compliance for her investments in India.

Please note that the Double Taxation Avoidance Agreement (DTAA) between India and Germany may provide relief from being taxed on the same income in both countries. Your daughter should consult a tax professional in Germany to understand the applicable provisions and claim any benefits available under the DTAA.

I hope this information helps.

Best regards

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Moneywize

Moneywize   |181 Answers  |Ask -

Financial Planner - Answered on Mar 11, 2024

Asked by Anonymous - Mar 10, 2024Hindi
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My daughter went to Germany first time for study in June 2020. During FY 22-23 She was in India for 58 days. What is her Residential status for Income Tax for AY 23-24, Bank, Demat and income from investment?
Ans: Here's how to determine your daughter's residential status for Income Tax (AY 2023-24), Bank, Demat account, and income from investments based on the information provided:

Income Tax Residential Status:

For Assessment Year (AY) 2023-24, your daughter's residential status will likely be Non-Resident (NR).

Here's why:

• She left India for studies in June 2020, indicating she might not have met the physical presence criteria in India during the relevant financial years (FY).

To be considered a resident for tax purposes in India, an individual needs to meet at least one of the following conditions:

• Stay in India for 182 days or more in the relevant financial year (FY 2022-23).
• Stay in India for at least 60 days in the relevant financial year AND for 365 days or more during the four preceding financial years (unlikely in this case since she left in 2020).

Important Note:

It's important to consider the entire period from June 2020 to March 2023 (covering FY 21-22, FY 22-23) to determine the residential status definitively.

Recommendation:

For a more precise assessment, it's advisable to consult a tax professional as they can consider all aspects of your daughter's situation, including:

• Exact number of days spent in India during FY 21-22.
• Nature and source of her income (if any) from investments.
• Any tax residency certificate she might have obtained in Germany.

Bank and Demat Account:

• Bank: Many banks might categorise your daughter as a Non-Resident (NR) based on her stay in India.
• Demat: Similar to the bank, the Demat account might also be categorised as non-resident if it aligns with her tax residency status.

Income from Investments:

• Tax implications on income from investments (e.g., dividends, interest) will depend on the type of investment, the source (India or abroad), and the tax treaty (if any) between India and Germany.

Further Resources:

Income Tax Department - Non-Resident Individual for AY 2023-2024: https://www.incometax.gov.in/iec/foportal/help/individual/return-applicable-0

Remember, this is a general overview, and consulting a tax professional is highly recommended for specific advice tailored to your daughter's situation.

..Read more

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Mayank

Mayank Chandel  |2155 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Apr 01, 2025

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My Son is in now in 12th Std and is preparing to answer NEET-UG in 2027. He is studying in Integrated Coaching Academy from 11th Std onwards. Although he is getting through the coaching classes and Self Studies, would like to know your expert advise to Follow the Study pattern to score good marks.
Ans: Hello Sanjay Ji
Below is my advice, please check if you find it helpful
Create a Structured Study Plan
Daily Routine: Ensure he follows a well-planned timetable covering all three subjects—Biology, Physics, and Chemistry—every day.

Balance Coaching & Self-Study: Coaching provides guidance, but self-study is where actual learning happens. He should revise daily what was taught in class.

Fixed Study Hours: At least 6-8 hours of effective self-study beyond coaching hours.

Subject-Wise Strategy

Biology (50% weightage, high-scoring)
NCERT is key—revise line by line.
Make short notes for revision.
Diagrams & flowcharts for quick recall.
Solve MCQs from previous years and coaching materials.

Chemistry
Physical: Focus on formulas and problem-solving techniques.
Inorganic: Memorization is essential—use mnemonics and charts.
Organic: Understand reaction mechanisms, practice conversions, and focus on named reactions.

Physics
Strengthen concepts—don’t just memorize formulas.
Derivations help in understanding applications.
Solve numerical problems daily, especially from HC Verma, DC Pandey, or coaching materials.
Work on previous years’ NEET Physics questions.

Practice & Revision
Regular Tests: Take topic-wise, chapter-wise, and full-length mock tests.
Time Management: Solve NEET papers within 3 hours to simulate exam conditions.
Error Analysis: After every test, analyze mistakes and avoid repeating them.
Revision Strategy: Use the Feynman technique—explain concepts to yourself or someone else.

Mental & Physical Well-being
Avoid Burnout: Take short breaks
Healthy Lifestyle: Proper sleep (6-8 hours), exercise, and a balanced diet.
Stay Motivated: Have a vision board of goals, track progress, and maintain a positive mindset.

Hope you find this helpful.

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Mayank

Mayank Chandel  |2155 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Apr 01, 2025

Asked by Anonymous - Mar 31, 2025Hindi
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Mayank

Mayank Chandel  |2155 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Apr 01, 2025

Mayank

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IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Apr 01, 2025

Asked by Anonymous - Apr 01, 2025Hindi
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BIT Mesra CSE or NIT Raipur CSE what to choose?
Ans: Hi
Between BIT Mesra CSE and NIT Raipur CSE, here’s a comparison based on key factors:

1. Academics & Reputation:
BIT Mesra has a strong reputation for CSE, with a well-structured curriculum and good faculty.

NIT Raipur is an NIT, which holds a national-level prestige, but its CSE department is not as highly ranked as top-tier NITs.

2. Placements:
BIT Mesra CSE has excellent placements, with higher average and median packages compared to NIT Raipur. Top companies like Google, Amazon, Microsoft, and Goldman Sachs visit the campus. The average package is around 18–20 LPA, and the highest goes above 50 LPA.

NIT Raipur CSE has decent placements, but the average package (8–10 LPA) is lower compared to BIT Mesra.

3. Campus & Infrastructure:
BIT Mesra has a better campus, labs, and infrastructure compared to NIT Raipur.

NIT Raipur is improving, but its facilities are still developing.

4. Alumni Network & Brand Value:
BIT Mesra has a strong alumni network with good industry connections, especially in tech.

NIT Raipur, being an NIT, offers the NIT tag, which helps for government job preferences but isn’t as strong in CSE placements compared to BIT Mesra.

5. Coding Culture & Competitions:
BIT Mesra has an excellent coding culture, with students excelling in ICPC and open-source projects.

NIT Raipur has an average coding culture, but motivated students can still do well.

Final Verdict:
Choose BIT Mesra CSE if your priority is better placements, infrastructure, and coding culture.
Choose NIT Raipur CSE if you strongly prefer the NIT tag and government job advantages.

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Anu

Anu Krishna  |1576 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 01, 2025

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I am in relationship with a girl for 6 year but now her parents almost fix her arrange marriage and they dont care about her choice they didnot even consider her opinion about the boy they met ..except her everyone in family like the boy because he is rich and handling his father business and here i am i dont have job i am preparing for government job i asked her family please give me some time i,ll get the job this year but they say we cant agree for the possibility of you getting job or not and her mother say we dont allow intercaste marriage i am sc and she is general and pandit .. i am 26year old what should i do .. i think ab uske parents jada jaldi krre hai shadi k loye because unhone merse baat krli to unko dhr hai ki m kuch esa vsa na krdu jisse unki society me respect vghra ko khtra hoga isliye or vo jada rishtedaro ki sunre hai... mne apni gf ko bola hai ki filhal jb tk job nhi lgti meri tb tk unhe boldo ki mere sath ab kuch nhi h that she blocks me or vo apni side se tb tk rishtey ko mna krti rhe pr uske ghr vale uska opinion about boy consider hi ni krre hai jo unke rishtedaro ne discuss krliya ladka thik h to unhone usko haan boldi ... mujhe kya krna chaiye...her parents do all emotional blackmail to her as today they even touched her feet and said hme pta h tere liye kya shi h hmne tko pala h kuch bhi esa nhi krdio jisse hmari ijat khrab hojaye m pagal hojaunga Esi dhamkiya dere h ... or usko b kse jo rishte are h unko mna kre jisse ye na lge ghr valo ko ki mere karan naa kre jare h or rishtedaro ka b dominance kse km kre bhot sare doubts h kya krna chaiye kuch nhi smjh ara h
Ans: Dear solar,
In sab ke beech, aapke girlfriend ka kya kehna hai? Woh aapne bataaya nahin. Kya woh apne parents ko tall sakegi aur kitni der kar paayegi? Kya woh aapke jon lagne tak intezzar karna chahti hai? Aisa lag raha hai ki is rishte ka wazan aap leke ghoom rake ho...thoda apne girlfriend ke saath baithkar plan kijiye taaki woh bhi aapke saath is samasya ka hal dhoond sake.
Ek baat toh hai ki uske parents ko manaana mushkil hoga aur jab tak aapki job nahin lagti woh is rishte ke liye raazi nahin honge. Toh plan yeh karna ki jab tak aapki naukri lage, tab tak aap dono is baat ko aur is samasaya ko aur uske parents ko kaise sambhalenge. Joh bhi ho saath mein milke plan karna.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

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Anu

Anu Krishna  |1576 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 01, 2025

Asked by Anonymous - Mar 05, 2025Hindi
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Relationship
I am married 44 and wife 41 with loving twin daughters. Apart from minor compatibility issues she hates my sister's and keep shouting with his parents who almost every year come to my house and stay for 2 to 3 months. They are financially independent but they could just not let go her daughter to take it independent decisions. I never reply back to them due to my daughter's and social shaming fear. They will never settle for a mutual divorse and I don't want the trauma of court. It's very painful when I see my wife suffering when she is shouting. I even feel pain when I see my in laws in pain due to their daughter's suffering. My parents always want us to settle thing and never interfere in negative way. They keep fighting with me mostly for my mistakes/words of history. (I still think I haven't done anything wrong or used wrong words. Her parents now don't leave or visit their son's home due to issues with their daughter in law. I tried of leaving separately for few months but they did not agree. I have once slapped my wife. I almost tried sucide twice but could not do it as my parents will not survive this news. My parents and sisters want me to be happy with her. What options do I have except sucide/court.
Ans: Dear Anonymous,
Forget everyone... Marriage is between two people and only they matter. You can't see your wife in pain, right? Then there's obviously affection still left for her. Work this out as a couple. Take a vacation away from in-laws, sister, parents...people can complicate matters more than the couple themselves...The two of you do need this time by yourselves to rebuild your marriage. Do it with an intention to work things out and you maybe surprised as to how things can get rebuilt between the two of you.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

...Read more

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.

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