Home > Money > Question
Need Expert Advice?Our Gurus Can Help
Sanjeev

Sanjeev Govila  | Answer  |Ask -

Financial Planner - Answered on Apr 02, 2024

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more
Asked by Anonymous - Mar 24, 2024Hindi
Listen
Money

Hi, I am employed in Maldives from last one year and while applying for a home loan, bankers are asking me if I have filed IT returns or not. Shall I file the same in Maldives or in India. My salary is around 6 to 7 LPA.

Ans: As an Indian citizen working in the Maldives, you may need to file income tax returns in both countries. If you've been in the Maldives for over 182 days, you're likely a tax resident there. However, you must file in India if your income exceeds Rs. 2.5 lakhs per year in India.

Utilize the Double Taxation Avoidance Agreement to avoid being taxed twice. When applying for a home loan in India, banks may request for proof of income and tax returns, so filing in India could support your application. Seek advice from a tax advisor well-versed in both countries' tax laws to ensure compliance and maximize benefits.
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.
Money

You may like to see similar questions and answers below

Hardik

Hardik Parikh  | Answer  |Ask -

Tax, Mutual Fund Expert - Answered on Jul 25, 2023

Latest Questions
Nayagam P

Nayagam P P  |9804 Answers  |Ask -

Career Counsellor - Answered on Aug 02, 2025

Asked by Anonymous - Aug 01, 2025Hindi
Career
Can I get into some top 15 nits or top 7 iiits with 27903 obc rank 87903 crl rank for ece branch
Ans: With an OBC rank of 27,903 and a CRL rank of 87,903 for the ECE branch, securing a seat in the top 15 NITs or top 7 IIITs through JoSAA in 2025 is extremely unlikely. Recent cutoff trends indicate that the closing OBC ranks for Electronics and Communication Engineering at the premier NITs—such as Trichy, Warangal, Surathkal, Allahabad, Calicut, Rourkela, and Jaipur—are typically below 6,000 to 10,000, while even lower-tier NITs usually close below 13,000–17,000 for this branch. Similarly, for the top IIITs (Allahabad, Gwalior, Delhi, Jabalpur, Kancheepuram, Bangalore, Bhubaneswar), ECE cutoffs for OBC rarely exceed 11,000, and most close below 9,500, reflecting substantial competition and high applicant quality. Seat conversion for higher OBC ranks generally occurs only in newer or less sought-after NITs/IIITs or in special spot rounds, not at established top-tier institutes. Institutional excellence, industry partnerships, faculty profile, campus resources, and placement support in these institutions are closely tied to high entry cutoff ranks.

Recommendation: Focus on exploring newer NITs or IIITs, GFTIs, or state-level colleges where your OBC rank stands a realistic chance, as admission to ECE in top 15 NITs or top 7 IIITs for 2025 is statistically improbable; consider parallel options to maximize your academic and career opportunities. All the BEST for a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

...Read more

Nayagam P

Nayagam P P  |9804 Answers  |Ask -

Career Counsellor - Answered on Aug 02, 2025

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