What has RBI/ITD has to do with point selling?
As far as Amex is concerned , you can directly purchase 10k points from Amex at 4000 Rs
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HDFC offering Infinia against investment - is it worth it?
- Thread starter credit_explorer
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As far as Amex is concerned , you can directly purchase 10k points from Amex at 4000 Rs
I don't want to divert this thread away from the topic.
1. However, briefly, real estate is doing very well. Properties in Gurgaon and Delhi NCR have appreciated 40% in the past 2 years alone. My investments are mostly for getting good rental income and any appreciation in value is an additional bonus. There are no liquidity issues at all. You can always find anxious buyers lining up to buy good properties. I am quite familiar with resale value. I have sold several properties in the last two years. Rents have increased dramatically across the world and anyone who purchased a good property a few years back is doing very well now. In Delhi NCR, especially Gurgaon, rents have nearly doubled in the past 2 years. I have some real estate abroad for diversification as well and rents have drastically increased there as well. Fortunately, my corpus is far more than the 5cr threshold suggested by you. You can barely buy one good apartment for 5cr now.
2. I have some investments in bonds. However, I don't see much benefit in corporate bonds or even government bonds (unless tax free) as FDs provide higher rates. I am holding some debt funds as diversification.
ICICI had worst ULIP products before 7-8 years.so many funds and so much complication.they had various sub funds also in various categories for example if they have a balanced fund called maximiser then there will be multiple versions of that Maximiser 1,maximiser 2,3,4 etc.also users were not allowed to switch in every fund.like i was allowed to invest in maximiser 2 even if i can see maximiser 3 is giving more returns.
with every new product they used to launch newer version stupid funds to onboard new customers.No idea if ICICI doing the same shady things or IRDA has stopped this.
with every new product they used to launch newer version stupid funds to onboard new customers.No idea if ICICI doing the same shady things or IRDA has stopped this.
Bank officials will not give it in writing that they are doing cross selling..
sjmajumder
TF Legend
Of course they will never. We have to shrewd enough to gather the evidence.
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sjmajumder
TF Legend
As you said let's not drag it. Just one small factual comparison for the benefit of all:
1. Real estate gain of 40% in 2 years <<<< Quant Small Cap Fund annualized yield of 35% for last 5 years.
2. Bank FD max ROI <= 8.5%. Best debt fund HDFC NIFTY G-Sec Jun 2036 Index Fund 1 year yield = 10.43%
Remember, real estate is a safe and solid investment. Stocks can drop and not recover for years. Don't go by the current trend only. My real estate gives me excellent rental income that increases each year. So even if the price rises or falls, I have no intention of selling it.
HumorSimpson
TF Prestige
Whats the rentals for 2bhk , 3 bhks in Delhi NCR ?
sjmajumder
TF Legend
If I earn in one year what you earn in two years I am more than happy to take the risk.
sjmajumder
TF Legend
Delhi NCR is a huge area. Rent varies by great deal depending on area.
HumorSimpson
TF Prestige
typical low - high range ?
This. is not from Amex... and it can be considered as income if the quantum is high... What has rbi / itd got to do with it... EVERYTHING...
High risk, high reward.
So you mean to say if I have 1 Cr Amex points
Then I will have to pay income tax of 30 lakhs INR ??
Upscale areas like Cybercity, Gurgaon and some South Delhi 2BHK is around 40 to 60k in good societies and 3 and 4BHK can be 90k to 1.5 lakhs. In premium societies, it can be as high as 5 to 10 lakhs. Per month. On the other end of the scale, you can move to a place like Greater Noida and enjoy a large spacious 3BHK with pool, gym, gardens etc for 15k per month. That's what I would do but fortunately, my tenants are happy to pay!
dude.. if. someone sells. points and gets money in return.. is that not income?.. i am. not talking about points thats are yours.. and btw.. any cashback beyond 50k inr p. a is taxable as well..So if you convert 2L points to 66k INR cash against credit card bill... who knows you maybe taxed!!!!
No income will remain hidden.. below is a post from 2 yrs ago.. any income / expense can be tracked.. they are improving it.. now with AI Evenmore.. so if you have something to hide.. the possibility is more than. 00000001%..If you are not doing anything fishy.. then nothing to worry!!
Income Tax Department turns to social media websites in fight against tax evasion
Two years back, I wrote my first article on Big Data and how it has become a part of our lives. How we are constantly manipulated on what to purchase, when to purchase and from whom to purchase it.
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So how does that concern me ?
I am at the buying side of the deal
Let's say there is a 0.00001% chance of IT involvement
Where does RBI come into this ?
Are you high bro ??
No dude.. You missed the drift... forget it..and mind your words...its easy to say stuff.. so can i..unbecoming of a mod. @TechnoFino
sjmajumder
TF Legend
I lived for 1.5 years in Delhi 15 years back. Don't have idea about current rates. 2BHK in CR Park in a standalone building cost 18K per month whereas a similar 2BHK in a proper society in Faridabad cost 3.8K.
Apologies for the poor selection of words
But I would genuinely like to know more
If I purchase 500k points from 100 people each selling me at 1 Rs per point
How does RBI come into the picture ?
And also how will IT raid me ?
