The article on property investments abroad was very informative (Home Abroad, 14 June). This is the first time that I read your magazine and couldn’t help think about what I had missed in your previous issues. I travel overseas extensively but never thought it possible to own property in all those places, that too cheaper than what I would get back home in Bangalore. I need some details about the places you mentioned in the article. Please let me know how to go about it.
Sanjeev Nagre, Bangalore
We are glad you found the article useful. Increase in the overseas investment limit to $100,000, easing of entry restrictions to various countries and better connectivity have made buying property abroad an attractive investment option for many Indians. As for our previous stories, our website, www.moneytoday.in (beta) has an archive. A navigator for the same has been provided in our new page, Best of MONEY TODAY.
Your article on real estate abroad (Home Abroad, 14 June) missed out on Australia and Canada. I have lived in these two countries for quite some time and know that foreigners can own property there. Though the rates may be slightly on the higher side compared to Malaysia or Thailand, they are definitely worth mentioning as it is mostly the wealthy who look at investing in real estate abroad. However, on the whole it was a very informative read and it was the first article I read that carried so much detail. Good work. Keep it up.
Samson Samuel, e-mail
We did have information real estate options in Australia and Canada (as also in the US), but could publish it because of lack space. We thought we would rather give details on relatively more “affordable” options and countries that offer easier residentship investors. We will be happy to share the held back information with you.
The newly introduced income tax forms running into severalpages will only add to the hassles of filing returns (Untaxing Returns, 14June). Most of the heads are not even applicable to a majority of taxpayers. Moreover, citizens cannot be sure whether the detailed information to be submitted will help ensnare tax evaders or only serve as a tool for harassment by income tax officials.
Mahesh Kumar, e-mail
We agree that the new tax forms are very lengthy. But what is lenghthy isn’t necessarily complicated. Better categorisation of entries in separate sections, option of e-filing, easy language and detailed explanations about how to fill each section should make filing of tax return easier.
The story about inheritance was very useful (Make a Will 31 May). I have some joint savings bank accounts, a demat account, recurring deposits, senior citizen scheme and a few MIS accounts with the post office. Please tell me how they will operate in the absence of a will.
A.S. Mathur, Mumbai
You have not mentioned several factors that will determine the ownership of your assets. We will contact you for further details.
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