POSTED BY February 5, 2015 6:51 pm NO COMMENTSON
Currently I am outside India for a year and don’t having any Indian salary; I want to invest a \’X\’ amount monthly for a year to pay my annual bills like yearly policy premium or yearly PPF payment.
Now my question is, considering I don’t have any Indian salary, which option is better to use:
1) RD (Not sure about tax implication for my case)?
2) Short-term debt funds (Please suggest some fund name if this option is suitable)?
3) Any other options?
Also, If I choose FD for a lumpsum investment for a year, is TDS is applicable for me? What are the consequences?
Already having 3 SIP in Frankin, HDFC, SBI for long term goal.
I appreciate your prompt guidance.
Thanks in advance, Nitin