How to become a millionaire in india before small business ?

Saturday, November 2, 2013 , Posted by Ryanita at 3:59 AM

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 on Forex Rates India - New Forex India Trading
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Tiju I


I wnt to be a millionaire in india , how to get idea small business ? or MLM is good website or orginial webiste in india ? i join pyrmaid business .. pl help me


Answer
You can try forex trading. I have been trading for more than three years and I don't regret getting involved. Make sure you are well trained before venturing into it.

Repatriating money from India to US frequently?




Sree


I have a apartment property in India that fetches Rs. 25k per month ( approx $600 ). It could total upto $7000 per year. Can I and if so how can I repatriate that money per month or per year? I am a recently naturalized US citizen who is about to obtain an OCI ( overseas citizen of India ) status.


Answer
Rental income, being a current account transaction, is repatriable, irrespective of whether the property was purchased through forex or other means, only if tax is paid or provided for. The same holds good for capital gains on property acquired through inheritance or other sources. Since you have used forex to purchase the house, you can repatriate the capital equal to the US dollars used for the purpose.




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