As a young adult, I observe many of my peers who are eager to purchase homes but constantly lament about the exorbitant prices in the GTA. Some rely on the Bank of Mom and Dad for their down payment, while others diligently save on their own. However, despite their efforts, they find themselves struggling to reach their goal due to the continuously rising prices.
There seems to be an underlying belief that if you don't own a house, you are somehow a failure in life. Fueled by this fear of being judged, I see my peers diving headfirst into the market and burdening themselves with mortgages where a significant portion (75%-90%) of their monthly income goes toward covering their housing expenses. They live in constant fear of the Bank of Canada's decisions to increase interest rates and are even liking the idea of banks one day extending mortgage amortization periods to 50+ years, just to alleviate some financial pressure and improve their cash flow. In the process, they neglect important aspects of financial literacy, such as saving in Tax-Free Savings Accounts (TFSAs), building retirement nest eggs (RRSPs), or establishing an emergency fund that covers at least six months' worth of expenses. All these principles are sacrificed in their pursuit of entering the GTA housing market.
Previous generations witnessed extraordinary appreciation in property values, with some areas experiencing a tenfold increase. They were able to enjoy a mortgage-free life. However, the question that arises for our generation is how long we will have to wait to witness such appreciation. If the trend of extending amortization periods continues to sustain the system, how will we ever manage to pay off our homes? If we fail to allocate any funds toward retirement, what is our game plan for the future?
We cannot simply replicate the strategies of the past generation. We find ourselves in a challenging position, almost akin to modern-day slavery. It feels like we are trapped in a cycle of working to live and living to work. It's as if we're stuck in the matrix, questioning the true meaning and purpose of this pursuit.

PUBG MOBILE
Reggaeton Remix Dance Contest
CONTEST OFFICIAL RULES
NO ENTRY FEE. NO PURCHASE OR OBLIGATION IS NECESSARY TO ENTER OR WIN. A PURCHASE WILL NOT IMPROVE THE CHANCES OF WINNING. ODDS OF WINNING WILL DEPEND ON THE TOTAL NUMBER OF ELIGIBLE ENTRIES RECEIVED WORLDWIDE. VOID WHERE PROHIBITED OR WHERE REGISTRATION, BONDING OR LOCALIZATION REQUIRED. SUBJECT TO ALL NATIONAL, REGIONAL AND LOCAL LAWS.
This Reggaeton Remix Dance Contest (the “Contest”) is in connection with the video game PUBG MOBILE (the “Game”), and is governed by these official rules (“Official Rules”), the Game’s EULA available at https://www.pubgmobile.com/terms.html (“EULA”), the Game’s privacy policy available at https://pubgmobile.proximabeta.com/privacy/en.html (“Privacy Policy”), and any additional rules on the applicable Contest webpage. By submitting an entry to the Contest, you are accepting the terms and conditions of participation on the applicable Contest webpage, the Official Rules, the EULA, and the Privacy Policy.
The sponsor of this Contest is ZAM Network, LLC, a Delaware limited liability company with an office at 12777 W. Jefferson Blvd – Building E, Los Angeles, CA 90066 (“ZAM” or “Sponsor”).

1. Promotion Period

The Contest begins on June 8 at 12pm PDT and runs through June 21 2023 at 11:59pm PDT (the “Promotion Period”).

1. Eligibility

In order to be eligible, participants must be at least (whichever is higher): (i) 18 years old, or (ii) the age of majority in their state or country of their legal residence as of the date of entry, who have an active email account and Internet access. This Contest it not open to legal residents of Bangladesh, China, Colombia, Dubai, Egypt, Hong Kong, Indonesia, Italy, Malaysia, Mexico, Philippines, Quebec of Canada, Singapore, South Australia and QLD, South Korea, Turkey. Any additional eligibility requirements will be indicated in the additional terms found on the applicable Contest webpage. Persons identified as “Blocked Persons” or persons subject to applicable sanctions prohibitions, including, without limitation, those persons listed on the U.S. Department of Treasury Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons List are not eligible to participate in the Contest. Employees of ZAM, Proxima Beta Pte. Ltd., Krafton, and their respective parent company, affiliates, subsidiaries, advertising, promotion, fulfillment or other coordinating agencies, individuals providing services to them through an outsourcer or temporary employment agency during the Promotion Period, and their respective immediate family members and persons living in the same household, are not eligible to participate in the Contest.

1. Entry Instructions

To participate in the Contest and be eligible for a potential prize, participants must complete one of the entry methods indicated on the applicable Contest webpage during the Promotion Period. One entry per individual, household and/or email address is permitted, regardless of method of entry, unless expressly set forth to the contrary in the additional terms found on the applicable Contest webpage. Multiple participants are not permitted to share the same email or other account needed for participation. Any attempt by any participant to obtain more than the stated number of entries by using multiple/different email or addresses, accounts, identities, registrations and logins, or any other methods will void that participant’s entries and that participant may be disqualified. Use of any automated, programmed or robotic system or the like entry methods to participate is prohibited and will result in disqualification. Each potential winner may be required to show proof of being the authorized account holder. All entries become property of ZAM and none will be acknowledged or returned.
Social Media Entry: Collect your best PUBG MOBILE content; then upload your content to social media with the hashtag #PUBGMRRDC + #CONTEST.

• Entries must be original and not violate any third-party rights, and the entrant must have all rights necessary to submit the entry.
• Entries may not contain material that (a) is obscene, defamatory, libelous, threatening, pornographic, racially or ethnically offensive, or encourages conduct that would be considered a criminal offense, give rise to civil liability, or violate any law; (b) infringes, misappropriates or violates a third party’s patent, copyright, trademark, trade secret, contractual rights, moral rights or other intellectual property rights, or rights of publicity or privacy, or any other rights of third parties; (c) violates, or encourages any conduct that would violate any applicable law or regulation or would give rise to civil liability; (d) is fraudulent, false, misleading or deceptive; (e) is grossly harmful, racially or ethnically objectionable, disparaging, blasphemous, libelous, defamatory, obscene, pornographic, pedophilic, vulgar or offensive; (f) promotes discrimination, bigotry, racism, hatred, harassment or harm against any individual or group; (g) is violent, bullying, or threatening or promotes violence, money laundering or gambling, terrorism, or actions that are threatening or disrespectful to any person or entity; (h) harms minors in any way; or (i) promotes illegal or harmful activities or substances.
• Entries must follow the community guidelines and terms of service of the social media platform used for entry (where applicable).
• Participants may enter any number of times, but are only eligible to win once per week during the Contest Period.
• Sponsor may reject any entries that are found, as determined by ZAM in its sole discretion, to be in violation of these Official Rules.

1. Drawing; Notification of Winners

All Contest entries meeting the requirements of these Official Rules will be entered into the Contest. A panel of judges appointed by Sponsor (“Judges'') will review the entries based on the judging criteria specified below and confirm/select the number of Contest winners as indicated on the Contest Page. The Judge's determination of the Contest winners is final and binding, subject to the below.
Judging Criteria:
Creativity: Creativity of the designs.
Originality: The uniqueness of the entry.
Popularity: The amount of social media interaction (e.g., likes and reposts) a post gets.

1. Prize

Each winner will receive the prize below. No cash or other substitution, assignment or transfer of the prize is permitted, except at the sole option of ZAM, who has the right to substitute a prize with another of comparable or greater value. Winner is responsible for all income or other taxes and fees associated with the receipt and/or use of the prize. The odds of winning a prize depend on the total number of eligible entries received. ZAM will not replace any lost or stolen prizes. ZAM will use all reasonable efforts to deliver prizes in a timely fashion.
Prizes:
5 winners will each win UC valued at US$100

1. Intellectual Property
2. Ownership of the pre-existing underlying intellectual property of the entrant remains the property of the entrant subject to Sponsor’s rights to reprint, display, reproduce, perform, use, and exhibit the entry for the purpose of administering and promoting the Contest and for Sponsor’s marketing and advertising purposes. By participating in the Contest, each entrant grants to Sponsor a non-exclusive, worldwide, fully paid, royalty-free, perpetual, transferable license, with the right to sublicense, to reprint, display, reproduce, perform, use, and exhibit (including the right to make derivative works of) the entry and materials and information submitted on and in connection with the Contest or use or receipt of the prize for any and all purposes in any medium. If an entrant is selected as a winner, instead of the license granted above, each entrant grants to Sponsor an exclusive, worldwide, fully paid, royalty-free, perpetual, transferable license, with the right to sublicense, to reprint, display, reproduce, perform, use, and exhibit (including the right to make derivative works of) the entry and materials and information submitted on and in connection with the Contest or use or receipt of the prize for any and all purposes in any medium. Each participating entrant hereby warrants that any entry and other materials and information provided by entrant are original with entrant and do not violate or infringe upon the copyrights, trademarks, rights of privacy, publicity, moral rights or other intellectual property or other rights of any person or entity, and do not violate any applicable laws, rules or regulations. If the entry or information or materials provided by entrant contain any material or elements that are not owned by entrant and/or which are subject to the rights of third parties, entrant represents he or she has obtained, prior to submission of the entry and information or materials, any and all releases and consents necessary to permit use and exploitation of the entry, relevant information and materials by Sponsor in the manner set forth in these Official Rules without additional compensation.

Each entrant warrants that the entry and materials and information provided do not contain information considered by entrant, its employees or personnel, or any other third party to be confidential, and that the entry, materials and information provided do not violate any laws or regulations. Entrant agrees that Sponsor has the right to verify the ownership and originality of all entries and that, upon Sponsor’s request, entrant must submit a written copy of any release or permission entrant has received from a third-party granting entrant the right to use such property. Entrant understands and acknowledges that in the event a submission is selected as a winning entry, and entrant’s ownership, rights and the originality of the entry cannot be verified to the satisfaction of Sponsor or is in any other way ineligible, Sponsor may select an alternate winner based on the same judging criteria.

1. Except to the extent prohibited by law, entrants waive the benefit of any “moral rights” or “droit moral” or similar rights in any country to any content that they upload, submit or otherwise provide to Sponsor associated with the Contest (“Entrant Content”). In addition, when an entrant creates, appears in, uploads, or posts Entrant Content, that entrant grants Sponsor a non-exclusive, transferable, worldwide, royalty-free, unrestricted, perpetual, irrevocable, license, with the right to sublicense, to such entrant’s name, likeness, and voice, including in connection with commercial or sponsored content. This means, among other things, that such entrant will not be entitled to any compensation from Sponsor, its affiliates, or its business partners if such entrant’s name, likeness, or voice is conveyed through the game or any related services, or on one of Sponsor’s business partner’s platforms.
2. Disputes

In the event of a dispute as to any participant, the authorized account holder of the email address associated with the entry will be deemed to be the participant. The “authorized account holder” is the natural person assigned an email address by an Internet access provider, online service provider or other organization responsible for assigning email addresses for the domain associated with the submitted address. Each potential winner may be required to show proof of being the authorized account holder. ZAM will make final determination of identity of participants and timing of entries in its sole discretion.

1. Additional Conditions

ZAM reserves the right, in its sole discretion, to terminate, modify or suspend the Contest in whole or in part, if in ZAM’s opinion (a) the Contest is not capable of running as planned by reason of the occurrence of any event beyond its control including, but not limited to, fire, flood, epidemic, pandemic, earthquake, explosion, labor dispute or strike, act of God or public enemy, communications, equipment failure, utility or service interruptions, riot or civil disturbance, terrorist threat or activity, war (declared or undeclared), interference with the Contest by any party, or any federal, state, local or provincial government law, order, or regulation, order of any court or jurisdiction, or other cause not reasonably within ZAM’s control, or (b) any other factors beyond ZAM’s reasonable control corrupt or affect the administration, security, fairness, integrity, or proper conduct of the Contest, in all instances without liability to the participants. ZAM also reserves the right to disqualify any participant or winner, as determined by ZAM, in its sole discretion.

1. List of Winner(s)

Individuals may request the name of the winners by emailing Sponsor at [email protected] with the subject line: “Reggaeton Remix Dance Contest Winners List”, within 90 days from the end of the Contest.

1. Personal Information

ZAM may collect personal data about participants online, in accordance with its privacy policy and as may be more specifically set forth in these Official Rules and the Privacy Policy.

1. Disclaimers and Limitations on Liability. ZAM MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, REGARDING ANY PRIZE OR YOUR PARTICIPATION IN THE CONTEST. BY ENTERING THE CONTEST OR RECEIPT OF ANY PRIZE, EACH ENTRANT AGREES TO RELEASE AND HOLD HARMLESS THE CONTEST ENTITIES, ANY THIRD-PARTY SOCIAL MEDIA CHANNELS UTILIZED FOR THE CONTEST, AND THEIR SUBSIDIARIES, AFFILIATES, SUPPLIERS, DISTRIBUTORS, ADVERTISING/CONTEST AGENCIES, AND PRIZE SUPPLIERS, AND EACH OF THEIR RESPECTIVE PARENT COMPANIES AND EACH SUCH COMPANY’S OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS (COLLECTIVELY, THE “RELEASED PARTIES”) FROM AND AGAINST ANY CLAIM OR CAUSE OF ACTION, INCLUDING, BUT NOT LIMITED TO, PERSONAL INJURY, DEATH, OR DAMAGE TO OR LOSS OF PROPERTY, ARISING OUT OF PARTICIPATION IN THE CONTEST OR RECEIPT OR USE OR MISUSE OF ANY PRIZE. THE RELEASED PARTIES ARE NOT RESPONSIBLE FOR: (1) ANY INCORRECT OR INACCURATE INFORMATION, WHETHER CAUSED BY ENTRANTS, PRINTING ERRORS OR BY ANY OF THE EQUIPMENT OR PROGRAMMING ASSOCIATED WITH OR UTILIZED IN THE CONTEST; (2) TECHNICAL FAILURES OF ANY KIND, INCLUDING, BUT NOT LIMITED TO MALFUNCTIONS, INTERRUPTIONS, OR DISCONNECTIONS IN PHONE LINES OR NETWORK HARDWARE OR SOFTWARE; (3) UNAUTHORIZED HUMAN INTERVENTION IN ANY PART OF THE ENTRY PROCESS OR THE CONTEST; (4) TECHNICAL OR HUMAN ERROR WHICH MAY OCCUR IN THE ADMINISTRATION OF THE CONTEST OR THE PROCESSING OF ENTRIES; OR (5) ANY INJURY OR DAMAGE TO PERSONS OR PROPERTY WHICH MAY BE CAUSED, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, FROM ENTRANT’S PARTICIPATION IN THE CONTEST OR RECEIPT OR USE OR MISUSE OF ANY PRIZE. If for any reason an entrant's entry is confirmed to have been erroneously deleted, lost, or otherwise destroyed or corrupted, entrant’s sole remedy is another entry in the Contest, provided that if it is not possible to award another entry due to discontinuance of the Contest, or any part of it, for any reason, Sponsor, at its discretion, may elect to hold a random drawing from among all eligible entries received up to the date of discontinuance for any or all of the prizes offered herein. No more than the stated number of prizes will be awarded. In event that production, technical, programming or any other reasons cause more than stated number of prizes as set forth in these Official Rules to be available and/or claimed, Sponsor reserves the right to award only the stated number of prizes by a choosing from all legitimate, unawarded, eligible prize claims. In the event Sponsor is prevented from continuing with the Contest as contemplated herein by any event beyond its control, including but not limited to fire, flood, earthquake, explosion, labor dispute or strike, act of God or public enemy, or any federal, state or local government law, order, or regulation, or other cause not reasonably within Sponsor’s control (each a "Force Majeure" event or occurrence), then subject to any governmental approval which may be required, Sponsor shall have the right to modify, suspend, or terminate the Contest. The invalidity or unenforceability of any provision of these rules shall not affect the validity or enforceability of any other provision.
2. Indemnification

You agree to release, indemnify, defend and hold ZAM and its parent, affiliates, subsidiaries, directors, officers, employees, sponsors and agents, including advertising and promotion agencies, and assigns, and any other organizations related to the Contest, harmless, from any and all claims, injuries, damages, expenses or losses to person or property and/or liabilities of any nature that in any way arise from participation in the Contest or acceptance or use of a prize or parts thereof, including, without limitation, (a) any condition caused by events beyond ZAM’s control that may cause the Contest to be disrupted or corrupted; (b) the prize, or acceptance, possession, or use of the prize, or from participation in the Contest; and (c) any printing or typographical errors in any materials associated with the Contest.

1. Publicity

Except where prohibited, by participating in the Contest, you consent to the use of your name, photograph, likeness, voice, opinions, information, biographical information, entry and statements attributed to you (if true), hometown and jurisdiction of residence for advertising, publicity and promotional purposes, including without limitation, inclusion in ZAM’s newsletters, social media accounts and affiliated websites and the applicable Contest webpage, without further compensation.

1. Governing Law

These Official Rules, and any action related thereto, will be governed by the Federal Arbitration Act, federal arbitration law and the laws of the State of California without regard to conflict of laws provisions. Except as otherwise expressly set forth in Section 15 “Dispute Resolution and Arbitration” the exclusive jurisdiction for all Disputes (defined below) that you and ZAM are not required to arbitrate will be the state and federal courts located in Los Angeles County, California and you and ZAM each waive any objection to jurisdiction and venue in such courts.

1. Dispute Resolution and Arbitration
2. Mandatory Arbitration of Disputes. We each agree that any dispute, claim or controversy arising out of or relating to these Official Rules or the breach, termination, enforcement, interpretation or validity thereof or participation in the Contest (collectively, “Disputes”) will be resolved solely by binding, individual arbitration and not in a class, representative or consolidated action or proceeding. You and ZAM agree that the U.S. Federal Arbitration Act governs the interpretation and enforcement of these Official Rules, and that you and ZAM are each waiving the right to a trial by jury or to participate in a class action. This arbitration provision shall survive termination of these Official Rules.
3. Exceptions. As limited exceptions to Section 15(a) above: (i) we both may seek to resolve a Dispute in small claims court if it qualifies; and (ii) we each retain the right to seek injunctive or other equitable relief from a court to prevent (or enjoin) the infringement or misappropriation of our intellectual property rights.
4. Conducting Arbitration and Arbitration Rules. The arbitration will be conducted by the American Arbitration Association (“AAA”) under its Consumer Arbitration Rules (the “AAA Rules”) then in effect, except as modified by these Official Rules. The AAA Rules are available at www.adr.org or by calling 1-800-778-7879. A party who wishes to start arbitration must submit a written Demand for Arbitration to AAA and give notice to the other party as specified in the AAA Rules. The AAA provides a form Demand for Arbitration at www.adr.org. Any arbitration hearings will take place in the county (or parish) where you live, unless we both agree to a different location. The parties agree that the arbitrator shall have exclusive authority to decide all issues relating to the interpretation, applicability, enforceability and scope of this arbitration agreement.
5. Arbitration Costs. Payment of all filing, administration and arbitrator fees will be governed by the AAA Rules, and we won’t seek to recover the administration and arbitrator fees we are responsible for paying, unless the arbitrator finds your Dispute frivolous. If we prevail in arbitration we’ll pay all of our attorneys’ fees and costs and won’t seek to recover them from you. If you prevail in arbitration you will be entitled to an award of attorneys’ fees and expenses to the extent provided under applicable law.
6. Injunctive and Declaratory Relief. Except as provided in 13(b) above, the arbitrator shall determine all issues of liability on the merits of any claim asserted by either party and may award declaratory or injunctive relief only in favor of the individual party seeking relief and only to the extent necessary to provide relief warranted by that party’s individual claim. To the extent that you or we prevail on a claim and seek public injunctive relief (that is, injunctive relief that has the primary purpose and effect of prohibiting unlawful acts that threaten future injury to the public), the entitlement to and extent of such relief must be litigated in a civil court of competent jurisdiction and not in arbitration. The parties agree that litigation of any issues of public injunctive relief shall be stayed pending the outcome of the merits of any individual claims in arbitration.
7. Class Action Waiver. YOU AND ZAM AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN YOUR OR ITS INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. Further, if the parties’ Dispute is resolved through arbitration, the arbitrator may not consolidate another person’s claims with your claims, and may not otherwise preside over any form of a representative or class proceeding. If this specific provision is found to be unenforceable, then the entirety of this Dispute Resolution and Arbitration section shall be null and void.
8. Severability. With the exception of any of the provisions in Section 15(f) (“Class Action Waiver”), if an arbitrator or court of competent jurisdiction decides that any part of these Official Rules is invalid or unenforceable, the other parts of these Official Rules will still apply.
9. Languages. These Official Rules may be made in multiple language versions. In the event of a dispute as to the terms of different language versions, the English version shall prevail.
10. Country Specific Notices.
11. If any provision of these Official Rules is invalid under the law, rules, or regulations of a particular country, it will only apply to the extent permitted.
12. No Affiliation with Social Media Channels.
13. This Contest is in no way sponsored, endorsed, or administered by, or associated with, any of the social media channels used in connection with this Contest. Entrants understand that entrants are providing information to Sponsor and not to the social media channels. The information provided by entrants will only be used as described in these Official Rules and the Game’s Privacy Policy.

For any feedback or questions regarding these Official Rules, the Contest, winners, or prizes, you can contact Sponsor by sending an email to: [email protected]

Sale price of property = $515,000
County taxes 1/123 - 6/30/23 = 2,561.40 Wire fee to title company = $50 Stamp tax = $3,605 Buyer agent commission = $15,540 Seller agent commission = $15,540 Title search = $200 Settlement/Closing Fee = $795 Electronic Filing Fee = $5 Escrow for final water bill = $250 Lien search = $250 Processing fee to seller realtor = $395
Total closing = $39,011.40

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I have applied for a loan and they want to Verify My Income with a Profit and Loss Statement is that normal?
I am Trying To Get a Loan for 85,000 on the House that I bought 4 Years agao on a Lease to own contract it is down to 85,000 I have 40,000 to pay down I am self-employed and make a good income. I do have "Good" Credit it just hit that mark the only thing that I have that I wish I had never got is a mountain of Student Loans that always mess me up......So this is all kind of confusing to me. I'm used to contacting a bank or even online lenders and getting denied so quickly. I actually have decent credit; it just hit the "Good" range. I've been working on improving it for months. It was good in July of last year, and I wish I had tried to do this back then.Then around Christmas, my student loans appeared on my credit report again. What I mean by that is that last year, half of my student loans dropped off my credit because they were transferred to a new company, as I later found out. In July, I could have qualified for financing... Anyway, now I have to get the house financed. I've already spent $47,000 on it, including a new roof. The owners want to get rid of all their rental properties, and they have made it clear why they chose a rent-to-own contract instead of a land contract—it's easier for them to get out of...
Anyway, fast forward, I've been kind of freaking out for months because I received a $41,000 inheritance, I thought I could increase this significantly, with my business maybe even pay in cash. Well, It did not increase because I got sick so I still have the same amount if I had a few more months I could just pay in cash...... I was talking to my bank, but they kept telling me that I shouldn't have bills over $700 a month, or they couldn't help me...
I applied with ============== because I had a conversation with a loan officer there, and she kept calling and emailing me until I applied. Surprisingly, she didn't ask for the usual documents like tax returns, which most lenders require.
I told her that I run my own business and that's how I make money, and I file my taxes accordingly. However, she doesn't want my tax returns. She wants me to complete a Profit and Loss Statement or have a tax professional do it for me. I also mentioned that my debt-to-income ratio has always been a problem due to my student loans. She said that if my student loans are in an Income-Based Deferment Plan, they could consider that. In my case, I pay nothing towards the loans due to my income, even though it is not that low but I do have 5 Kids and she said they wouldn't consider the debt from my student loans at all because of that. She mentioned that typically they would use 1 percent of what I owe, which is a significant amount and would negatively affect my application. However, besides that, I only owe on one credit card, which I'm close to paying off. I don't have much credit anymore, except for a Secured CD that has significantly raised my credit score. Other than that, I have regular bills that I owe.
BECAUSE: This Bank is a Prime Lender she has my APR at 11.90% my payments are still up at 800 a month for 20 years She has The Loan Senario at 100,000 with my down payment and closing cost then the loan total shows 43,000
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However, she has been very brief in her responses, and when I ask her questions, she sends quick answers. I'm still a little confused. And she Just will not slow down and answer me or explain. Does this seem correct? Does it seem like this will work out?
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Is There a Better Way?
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Thank you for Reading all of this if you are still with me and know about this please any help and advice tips etc.... would be great PLEASE NO HATEFUL COMMENTS I am going through enough. I really just need help with this and NO BEFORE ANYONE SAYS FIX YOUR CREDIT FOR 6 MONTHS OR TRY TO GET A LOAN NEXT YEAR OR WHATEVER NOPE. I HAVE TO DO IT NOW!!!!! I HAVE TO GET A LOAN WITH IN THE NEXT 2 MONTHS PERIOD AND CLOSED ON. I WISH I COULD JUST GET THE OWNER TO TAKE 50,000 AND THEN PAY HIM MORE PER MONTH OR SOMETHING BUT HE IS SO AGAINST IT SO I DO NOT KNOW HOW TO MAKE THAT DEAL BETTER TO WHERE HE MIGHT ACCEPT I HAVE PAID HIM 47000 INCLUDING A NEW ROOF THE HOME IS WORTH A LOT MORE NOW THAN IT WAS.
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Anyway that seems so crazy to me if anyone on here can Help me tips tricks advice
Can you finance the house and I pay you back anything LoL I have 50,000 to pay down and can not get a decent loan I literally need 35,000 dollars plus closing costs I do not want to have to pay for this for the rest of my life so what can I do. In 20 years of this when I am so close to paying it off there has to be a better way........... Right??????
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Below is the email she sent me after informing me that she needed the Profit and Loss Statement, not my tax returns:
Hi ---------
Thank you for applying for your prequalification. I am hopeful that we can assist you with your home purchase. The scenario is for the purchase of a single-family home. If the scenario works for you, please send the following documents, and I can provide you with a prequalification letter.
Feel free to contact me if you have any questions.
Copy of Driver's license/ID
Income:
Profit and Loss Statement (attached for the most recent 12 months)
OR
Bank Statement Questionnaire and 12 months of bank statements (I have received bank statements)
2 most recent asset statements showing funds for down payment/closing costs
Six months of rental verification/housing history
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Thank You Again to any Help Advice Anything and for reading through me Rambling on and on....

I’ve made wine from concentrate in the past, and really enjoyed it. So, when I came across a rental property with a vineyard, I jumped on it. I’m not sure when the owner stopped maintaining it, but I believe he moved out of this house sometime in the last year.
I’ve been trying to learn as much as I can via YouTube videos, but still have a ton of questions. Obviously, these vines have not been recently pruned. Is it too late to prune them? What strategy should I use when doing the pruning?
Any suggestions on good material or resources to help jump start the learning process?
Do you think it’s possible that I could get a harvest this year? I may only have this property for a year, so I want to make the most of it!
A few other details: The house is in NC. It rained about 2 inches in May, and 7 inches in April. There are 5 rows, 100 ft each. Not sure what type of grapes yet.
Thanks I’m advance. I’m super excited to join the community.

Hi! I already posted this in the home owners subreddit, but they recommended that I also post this question here.
My mom wants to get her property tax appealed and I'm helping her out with it, but I'm a little confused about the process. I understand that it would be based on the value, that we would appeal to the BOE, and I'm looking for other homes of values around me; however, there are a couple of questions I have.
I've already found a list of comps, and I understand that I'm writing that information down in the homeowner's section; however, do I also print out the list of comps I've found and send that in with the form? My mom's house also has things like an unfinished basement, the power not working in some sections of the house, and plumbing issues, would I write that information down as well? Would I send pictures of any damage of the house, along with the lists of comps? For the reasons for the assessment notice, they stated it was a change in the market, but all the comps I have found had more rooms, bathrooms, and renovations like pools and koi ponds but were still sold lower than our home's value, would that be a good enough reasoning for an appeal? Is the best way to go through the BOE and if we do go through the BOE, would I be able to talk for my mom in the hearing? Would you guys recommend a lawyer to do this instead or is it possible to find success in appealing yourself?
I'm sorry if these are redundant questions, but this is out of my comfort zone and I want to make sure that I'm on the right track.
Thank you!

Facts Drugmaker Merck & Co. on Tuesday filed a lawsuit in US District Court in Washington, DC claiming the federal government’s plan to allow Medicare to negotiate drug prices violates the company’s First and Fifth Amendment rights.1 Merck says the law will force it to negotiate drug prices at below-market rates, violating the Fifth Amendment requirement that the government pays "just compensation" for private property obtained for public use.2 The company's second argument claims that its First Amendment right to free speech will be violated by having to sign agreements saying the prices are fair.3 The right to negotiate drug prices was included in the Inflation Reduction Act, which became law last year over the objection of pharmaceutical companies. However, negotiated prices won't take effect until 2026.4 Merck’s Type 2 diabetes drug Januvia, which it made $2.8B from in 2022, could potentially be on the list of drugs subject to Medicare price negotiations in 2023. It expects its cancer treatment Keytruda and its other diabetes drug Janumet will be subject to the program later.5
Sources: 1Wall Street Journal, 2POLITICO, 3Reuters, 4USA Today, and 5CNBC. Narratives Democratic narrative, as provided by Axios. Merck is starting a barrage of lawsuits by greedy drug makers attempting to postpone implementation of the IRA drug pricing provisions before they completely cripple enforcement of the excise taxes that make the provisions work. Luckily, the drug companies don’t have a legal leg to stand on because they’re not entitled to sell their drugs to the government at any price they want and are free to not participate in Medicare. Republican narrative, as provided by Daily Caller. Merck and other drug companies need to sue not just to prevent the government from extorting them into selling their drugs for less than market value and bankrupting them, but also to prevent the slow-rolling, socialist-style government takeover of the pharmaceutical industry. When the government takes over, innovation dies and leaves people without important, new treatments and medicines.
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https://lite.improvethenews.org/merck-suing-us-government-over-medicare-drug-price-negotiations/?p=re1325

Check out our full Durham events calendar.
If you'd like to add an event to our calendar, submit an event here. Please check with the event organizers to see if events change due to weather. Have a great weekend!

American Dance Festival

BODYTRAFFIC at Reynolds Industries Theater

• Widely acclaimed for its “peerless dancers” who “can do it all from hip-hop to ballet” (LA Dance Chronicle), the company is composed of artists who received their training at some of the finest schools throughout the world, and its smashing repertory includes the works of renowned contemporary choreographers.
• Thu, Jun 8 at 7:00 p.m.
• Sat, Jun 10 at 7:30 p.m.
• $27-43

2023 ADF Fête at Parizäde

• Dance the night away with BODYTRAFFIC and enjoy delicious food and drinks.
• Thu, Jun 8 at 9:00 p.m.
• $150

Rennie Harris Puremovement American Street Dance Theater at Page Auditorium

• The acclaimed work Nuttin’ But A Word by Rennie Harris pushes the boundaries of street dance vocabulary and forces its audience to view street dance through a different lens. Challenging the viewer’s perspective of street dance or Hip-hop dance and its culture, Nuttin’ But A Word takes you on a dramatic and abstract journey while twisting, matching, juxtaposing, and pulling vocabulary and music in ways unimaginable. Harris chooses to end this work in a traditional Hip-hop celebration, which Africanists may refer to as the Bantaba.
• Friday, Jun 9 at 7:30 p.m. ($30-45)
• Saturday, Jun 10 at 1:00 p.m. (Children’s Matinee - $12)

Multi-Day Event

Triangle Restaurant Week

• A week-long celebration of culinary excellence designed to incorporate the premier Raleigh, Durham, Chapel Hill and surrounding area restaurants
• Participating restaurants offer special three-course menu options and fixed pricing
• No reservations, tickets, or passes are required
• Today - Jun 11
• $20-50

Venue Weekend Schedules

Events at DPAC

• Thu, Jun 8 at 7:30 p.m. - Indigo Girls with Full Band
• Fri, Jun 9 at 7:00 p.m. and 9:30 p.m. - Shane Gillis

Events at The Carolina Theatre

• Fri, Jun 8 at 8:00 p.m. - The Monti: Freak
• Sat, Jun 10 at 9:00 a.m., 12:00 p.m., 3:00 p.m., 6:00 p.m. - Dancing Through the Decades

Events at The Pinhook

• Fri, Jun 9 at 9:00 p.m. - Severed Fingers / Austin Lucas / DJ Melanoma
• Sat, Jun 10 at 8:00 p.m. - Burlesque: The Rainbow Connection – Boom Boom’s Big Gay B-day Review
• Sat, Jun 10 at 10:00 p.m. - No Visa X The Conjure
• Sun, Jun 11 at 8:00 p.m. - Kym Register + Meltdown Rodeo / Tami Hart / Dunums

Events at Motorco Music hall

• Thu, Jun 8 at 6:00 p.m. - Drag Trivia

Events at The Fruit

• Fri, Jun 9 from 2:00am - Sat, 10 2:00am - SUB: Terranean
• Fri, Jun 9 from 10:00 p.m. - 2:00 a.m. - HOUSE OF HER : An All Girls Pride Party
• Sat, Jun 10 from 9:00pm - 2:00 a.m. - Cosmic Gate

Live Music at Blue Note Grill

• Fri, Jun 9 at 6:00 p.m. - The Duke Street Dogs
• Fri, Jun 9 at 9:15 p.m. - Crones of Anarchy
• Sat, Jun 10 at 7:30 p.m. - Addison's Playworld / Durham High Get-Together

Events at Moon Dog Meadery

• Thursdays - Free Board Games
• Thu, Jun 8 at 7:00 p.m. - Trivia
• Fri, Jun 9 at 8:00 p.m. - 2nd Friday Blues Dance Night
• Sat, Jun 10 at 8:00 p.m. - An Offering to Bragi

Live Music at Sharp 9 Gallery

• Fri, Jun 9 at 8:00 p.m. - Angela Bingham w/Jim Ketch Quintet
• Sat, Jun 10 at 8:00 p.m. - Frankie Alexander Quartet

Events at Arcana

• Thu, Jun 8 - Pridechata and Tarot with Rene
• Fri, Jun 9 - Queer Joy: A Party and Fundraiser for Bodily Autonomy and Tarot with Virginia
• Sat, Jun 10 - Tarot with Heiltje
• Sun, Jun 11 - Jay Hammond & Quran Karriem and Tarot with Emily

Events at Rubies on Five Points

• Thu, Jun 8 at 8:30 p.m. - Step Friends with Gentle Junior, Megabitch
• Fri, Jun 9 at 10:00 p.m. - Renaissance Disko Presents: Body Tempo
• Sat, Jun 10 at 9:00 p.m. - Shallow Cuts: Mad Mix Beyond Thunderpop!

Events at Durty Bull Brewing Company

• Thu, Jun 1
  • 5:00 p.m. - 9:00 p.m. - Food Truck: Tacos Mama Chava
  • 7:00 p.m. - 9:00 p.m. - Thursday Trivia with Nick
• Fri, Jun 2
  • 5:00 p.m. - 9:00 p.m. - Food Truck: Tacos Paradise
  • 8:00 p.m. - 11:00 p.m. - Open Mic Stand-up Comedy
• Sat, Jun 3
  • 12:00 p.m. - 8:00 p.m. - Food Truck: My Taste of Caribbean
  • 12:00 p.m. - 3:00 p.m. - Durty Dog Day
  • 4:00 p.m - 6:00 p.m. - Live Music: Peridot Sun
  • 6:00 p.m. - 10:00 p.m. - Bull Durham Screening Series
• Sun, Jun 4
  • 1:00 p.m. - 3:00 p.m. - MotoGP Watch Party
  • 2:00 p.m. - 4:00 p.m. - Hammered Trivia with Thor

Live Comedy at Mettlesome

• Thu, Jun 8 at 7:30 p.m. - The Uproar, a sketch comedy show
• Thu, Jun 8 at 9:00 p.m. - Standup Comedy Open Mic
• Fri, Jun 9 at 7:30 p.m. - The Uproar, a sketch comedy show
• Fri, Jun 9 at 9:00 p.m. - Well Seasoned
• Sat, Jun 10 at 6:00 p.m. - Improv 101 Graduation Showcase
• Sat, Jun 10 at 8:00 p.m. - The Racket - Pride Edition!
• Sat, Jun 10 at 9:00 p.m. - Sounds Gay, I'm In
• Sat, Jun 10 at 10:00 p.m. - The Alphabet Hour

Events at Glass Jug Beer Lab in RTP

• Thu, Jun 8 from 6:00 p.m. - 9:00 p.m. - Beer Garden Jam Sessions
• Fr, Jun 9 from 5:00 p.m. - 8:00 p.m. - RTP Food Truck Fridays
• Sat, Jun 10 from 5:00 p.m. - 8:00 p.m. - Beer Garden Jam Sessions

Events at Glass Jug Beer Lab in Downtown Durham

• Thu, Jun 8 from 7:00 p.m. - 9:30 p.m. - Live Music in the Taproom
• Jun 8-11 from 6:00 p.m. - 9:00 p.m. - Weekend Food Trucks

Thursday, Jun 8

Thirsty Thursdays at Dashi

• Each month Dashi's Thirsty Thursday drink specials revolve around a monthly theme – spirits, cocktails, special ingredients, brand, location, etc. – with new sips every Thursday. Learn more about upcoming themes on their website or visit them in person – there's always something new to try from their expansive bar!
• 5:00 p.m. - 10:00 p.m.

Vinyl Night with DJ Deckades at Gizmo Brew Works

• Enjoy fresh vibes on the patio with DJ Deckades. Bring your own vinyl to share or just listen to what the DJ is spinning.
• 6:00 p.m. - 9:00 p.m.
• Free admission

Boulders & Brews Meetup at Triangle Rock Club - Durham

• Show up and climb at TRC Durham, then head over to Hi-Wire for some brews. Don't worry if it's your first time or haven't bouldered before; everyone's welcome.
• Your first visit to the gym with the Meetup includes free admission and gear rental, and subsequent visits with the meetup are $15 and include harness rental (outside of meetups, day pass rates of $19 apply and do not include rentals).
• 6:30 p.m. - 8:30 p.m.

Trivia Night w/Big Slow Tom at Clouds Brewing Brightleaf Square

• Join Clouds Durham for Big Slow Tom's Trivia Night, every Thursday. Win some prizes, drink some beer, and show your smarts.
• Enjoy $4 select draft and $5 rotating bartender's choice all night.
• 7:30 p.m.
• Free admission

Friday, Jun 9

Tasting at Ten at Counter Culture Coffee

• Every Friday morning at 10 am, Counter Culture Coffee opens their Training Centers to coffee lovers who want to learn more about Counter Culture Coffee’s high-quality, sustainably sourced menu.
• 10:00 a.m.
• Free, but donations accepted

Saturday, Jun 10

Durham Farmers’ Market at Durham Central Park

• The Durham Farmers’ Market offers locally grown fruits and vegetables, meats, eggs, cut flowers, artisanal cheeses and breads, home-baked pies, honey, handmade chocolates, preserves, local wines, handmade soaps, fresh pasta, and artwork of all sorts!
• 8:00 a.m. - 12:00 p.m.
• Free admission

South Durham Farmers' Market at Greenwood Commons Shopping Center

• The market strives to support new and growing farms and vendors in the greater Durham area, and they are also home to some of the most iconic Durham brands around.
• 8:00 a.m. - 12:00 p.m.
• Free admission

parkrun Durham at Southern Boundaries Park

• A free, fun, and friendly weekly 5k community event. Walk, jog, run, volunteer, or spectate. It's up to you!
• 8:00 a.m.
• Free admission

Crafternoons at Gizmo Brew Works

• Free pint with purchase of craft box. Choose from a variety of craft packages available for all ages.
• 12:00 p.m. - 10:00 p.m.

Sunday, Jun 11

Al Strong Presents Jazz Brunch at Alley Twenty Six

• Al Strong, the Grammy-nominated jazz trumpeter, composer and recording artist, will bring a rotating lineup of musicians to perform during Sunday brunch at Durham's Alley Twenty Six. Weather permitting the band will perform in the bar’s namesake alley.
• Brunch from 10:30 a.m. - 2:00 p.m.
• Music 12:00 p.m. - 2:00 p.m.

Food Truck Rodeo at Durham Central Park

• Most trucks accept credit cards but an ATM machine is on site as well. Free parking is available in nearby lots. Bring a blanket or a lawn chair so you can enjoy a relaxing and enjoyable Durham afternoon with friends and family.
• 12:00 p.m. - 4:00 p.m.
• Free admission

Public Tour at Duke Chapel

• Learn about the history, architecture, and life of Duke Chapel in this tour, which is free and open to the public. The tour begins at 12:15 p.m., or immediately following the conclusion of the Sunday morning service, and lasts approximately forty-five minutes.
• No reservation is required but if you plan to bring a large group please notify us in advance. Meet the docent on the front steps of the Chapel.
• Paid parking is available on a first come, first served basis in the Bryan Center Parking Lot at 125 Science Drive. ADA parking is available in the Bryan Center Surface Lot at the same address.
• 12:15 p.m. - 1:00 p.m.

Trivia at Navigator Beverage Co.

• Hosted by the Triangle’s Trivia team, Hammered Trivia, gather your team and post up to compete for prizes and enjoy an afternoon of great drinks, great friends, and great games.
• 2:00 p.m. - 4:00 p.m.
• Free admission

Running Art Exhibits

upstART Gallery: A Jim Lee Project at Pop Box Gallery

• upstART Gallery will host its first group show at Pop Box Gallery & The Art Chose Me’s residency in Old East Durham. The show features 27 artists who were selected through an open call review process. Artists were challenged to create work especially for this unique space, scaled 1:12 (one inch = one foot).
• Wed-Sat from 12:00 p.m - 6:00 p.m.
• Runs through Jul 1

Exhibit at 21c Museum Hotel

• Truth or Dare: A Reality Show
  • Runs through March 2024
• Open 24 hours
• Free admission

“Extra-Spectral” at the Durham Art Guild Truist Gallery

• This exhibit highlights several NC-based artists that, on the surface, use colors that are “extra” (which is where their commonality ends) to evoke their intent through a combination of this color with forms and imagery as well as the concepts embedded in color’s many identities. Artists Jane Cheek, Jerstin Crosby, Zach Storm, Tonya Solley Thornton and Leif Zikade all require color to play a primary role in their work and their relationship to an audience.
• Mon–Sat from 9:00 a.m. - 9:00 p.m. and Sun from 1:00 p.m. - 6:00 p.m.
• Runs through June 4
• Free admission

Donna Stubbs, Featured Artist at 5 Points Gallery

• 5 Points Gallery in downtown Durham introduces a new exhibit featuring the work of our member artist, Donna Stubbs. Donna uses an archaeological approach to painting, as she lovingly photographs her surroundings and unearths discarded items in thrift stores to create abstract mixed media works.
• Free admission

Chieko Murasugi & Renzo Ortega at Craven Allen Gallery

• An exhibition featuring both abstract and figurative works by two artists with international backgrounds. The SEQUENTIAL exhibition invites the observer on a visual journey, generating an organic relationship between the artworks and the gallery's visitors. Through the dynamics of color, form, ideas, and narratives, Chieko Murasugi and Renzo Ortega seek to generate a dialogue and the experience of art appreciation with the audience.
• Sat, May 20 at 5:00 p.m. - 7:00 p.m. - opening reception
• Runs through July 8

Spirit in the Land at the Nasher

• Spirit in the Land is a contemporary art exhibition that examines today’s urgent ecological concerns from a cultural perspective, demonstrating how intricately our identities and natural environments are intertwined. Through their artwork, 30 artists show us how rooted in the earth our most cherished cultural traditions are, how our relationship to land and water shapes us as individuals and communities
• Tue-Fri from 10:00 a.m. - 5:00 p.m. Sun from 12:00 p.m. - 5:00 p.m.
• Runs through Jul 9
• Free admission

Andy Warhol: You Look Good in Pictures at the Nasher

• Andy Warhol: You Look Good in Pictures explores the breadth of the artist’s relationship with photography through several distinct bodies of work including screenprints of celebrities, all of which were taken from photographs, a group of Polaroids and black and white snapshots illustrating his social circles, and an early silent film of the curator Henry Geldzahler from 1964.
• Tue-Fri from 10:00 a.m. - 5:00 p.m. Sun from 12:00 p.m. - 5:00 p.m.
• Runs through Aug 27
• Free admission

Art of Peru at the Nasher

• This gallery features ceramics, textiles, metalwork and carvings produced by ancient cultures across what is known as present-day Peru.
• Tue-Fri from 10:00 a.m. - 5:00 p.m. Sun from 12:00 p.m. - 5:00 p.m.
• Runs through Dec 2
• Free admission

Anyone here still buying in Texas? Can't find deals that don't get murdered but taxes once you turn them from primary dwelling to an investment property.

I think Becker is horrible in the las three sections. Essentially, they say underline this and remember this acronym, but never actually teach you anything. How am I supposed to know that property taxes go to one fund, interest goes to another, and rental revenue to another? any tips are appreciated!!

I've been on the fence for a bit about buying a home for a bit now and could use some guidance.
I'm 24 years old making ~$120k in MD. I'm living at home right now, pay my parents $400/month for rent and am able to save ~$5k a month, which is great, but living at home can be a little restricting.
The home I've liked the most so far is a 2 bed 1.5 bath 1200sqft townhouse. Listed at 220k, with a 50k downpayment it'd probably run me around $1600/month (including taxes, insurance, etc.), which would still allow me to save 3-4k/month.
Pros:

• Maryland has a program that will essentially pay off my student loans (~$15k, in deferment) and reloan the balance at 0%, forgivable over 5 years. This alone makes it seem worth it to me
• Home ownership of course
• Good size for me
• Good neighborhood, close to restaurants, home seems very high quality for the price. Similarly priced homes were much worse
• Personal freedom (friends, dating, I really want cats and that's not really an option currently, etc.)
• I can pretty easily offset some or all of the cost with freelance work or gig work
• Possible future rental property?

Cons:

• The area isn't my favorite, but my thought process is that I either live there or with my parents for the foreseeable future
• Even with excellent credit, I'm probably looking at an interest rate of around 7%
• Big decision is scary

Am I jumping into things too quickly, or does it make sense for me to do this?

AITAH for not going to a celebration of life ceremony for my father that passed away ?
My father and I had not had a good relationship for most of my adulthood. He was narcissistic abuser to me and my mother until his passing.
His family since their divorce have always bad mouthed my mother for divorcing my father even though my father treated me differently because I had disabilities and am disabled now. He never tried to communicate or even have a relationship with me through out my life.
He tried to sell properties that belonged to me and let the taxes lien on them forcing them to be sold at auction after I graduated high school leaving me with nothing to help with me going to college or even being able to go to school if I wanted.
After he had a stroke his family bad mouthed me for not quitting my job to take care of him full time even though I was a single mom struggling to pay bills. He even told me I was a horrible child for putting my child above him. Even after I arranged help for him and help get him into a assisted living arrangement. And helped him with getting him foods and services because he was disabled.
Even after this I still came to see him and every visit he never seemed interested in his grand children lives or my own. He even missed the birth of his first grandchild to go to work even though his boss told him to stay. ( he used the phone in my room to call him and call in )
Even when I found out he was getting close to passing I arranged a four hour round trip with my disabled daughter to see him in the hospital and was there when he passed after me coming to say goodbye to him.
My cousins post on social media how wonderful he was and how he was a good person but he never showed me or my mother anything but emotional abuse and was very hurtful. I went to therapy to address these issues and I forgave him for my own mental wellbeing. They want me to go to his celebration of life but I know it will be awkward and I really don’t want to go.

Hi, my name is Pavitr Prabhakar ( JK a small Spiderman Ref). Not my real name... Or is it ?
So last couple of days I was wondering how to present foreign income in the income tax return. I mean, we all get the payment in foreign currency, so how do we show that income in INR? Can I use any exchange rate?
The answer is given only from the income tax perspective to keep the post brief.
So suppose I earn the money in foreign currency such as dollar or something. Can i use the exchange rate of any website?
Well the answer is No.. There is a specific rule in the Income-tax rules 1962 Rule No 115 which tells how the income is to be converted: -
The rate of exchange for the calculation of the value in rupees of any income accruing or arising or deemed to accrue or arise to the assessee in foreign currency or received or deemed to be received by him or on his behalf in foreign currency shall be the telegraphic transfer buying rate of such currency as on the specified date.
Woah what is telegraphic transfer buying rate of such currency ? and what is Specified Date?
Telegraphic transfer buying rate of such currency would mean "telegraphic transfer buying rate", in relation to a foreign currency, means [the rate or rates of exchange] adopted by the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955), for buying such currency [, having regard to the guidelines specified from time to time by the Reserve Bank of India for buying such currency,] where such currency is made available to that bank through a telegraphic transfer.] ( Refer Rule 26 of the income tax act 1962.
In short, it means choose the Telegraphic Buy rate of SBI as on the specified date.
What is Specified date?
"specified date" means—
(a) in respect of income chargeable under the head "Salaries", the last day of the month immediately preceding the month in which the salary is due, or is paid in advance or in arrears;
i.e for the month of March 2023, your salary will get due on 1st April 2023, The act says take the rate as on the last date of the month before the salary is due i.e March 31st 2023 in this case.
(b) in respect of income [by way of] "interest on securities", the last day of the month immediately preceding the month in which the income is due;
Note the word due, So If your interest income gets due on March 5, 2023 you will use the reference rate of Feb 28 2023 and convert the income.
(c) in respect of income chargeable under the heads "Income from house property", "Profits and gains of business or profession" [not being income referred to in clause (d)] and "Income from other sources" (not being income by way of dividends [and "Interest on securities"]), the last day of the previous year of the assessee;
(d) in respect of income chargeable under the head "Profits and gains of business or profession" in the case of a non-resident engaged in the business of operation of ships, the last day of the month immediately preceding the month in which such income is deemed to accrue or arise in India ;
(e) in respect of income by way of dividends, the last day of the month immediately preceding the month in which the dividend is declared, distributed or paid by the company;
(f) in respect of income chargeable under the head "Capital gains", the last day of the month immediately preceding the month in which the capital asset is transferred:]
A Special point to be noted is In case of Item no "c" above, where such income is received in, or brought into India by the assessee or on his behalf before the specified date as mentioned above, in accordance with the provisions of the Foreign Exchange Management Act, the rate of exchange will be based on the rates followed in the accounting, which would be the rate adopted for the maintenance of books of accounts or the RBI reference rates. In common practice, we use XE exchange rates or in some cases even the SBI rates or RBI rates. It would be best to follow the RBI rates as they are least prone to disputes.
So In short, we are supposed to convert the foreign income into INR based on the reference rates as mentioned in the date as per rule 115 (cases mentioned above)
(My imaginary girlfriend poking me Gayathri? ( Again a small spiderman reference) but then again I find the name Gayathri so, cute...) Pav, so where will you get the reference rate for SBI?
Oh Shoot, its very difficult to get the reference rate of SBI, well the historical data...... well, you could head to GitHub - skbly7/sbi-tt-rates-historical: Historical SBI TT rates since 02 July 2020. These are one of important rates required for ITR purposes and not made readily available by RBI/SBI unfortunately.
I'm not the person who maintains this commit, it is done by Mr.Shivam Khandelwal and we are very grateful to him for such a great initiative.
Point to note: Always take the TT buy rates in page 2 i.e card transactions greater than 10 lakhs but less than 20 lakhs. Ignore the page 1 those rates should NOT be taken.
​
I would like to thank u/becool773 for raising this query. Though technically his question was on how to present data in Schedule FA of the ITR. I will be discussing that in tomorrow's post. Link will be updated here and crosslinked in the new post. Some of the key terms were required to be introduced so I chose this. Feel free to ask any doubts in comments or if you have a different opinion in the subject matter.
About me. My name is Antony Mathew. My objective through this article is if Knowledge should never be locked away. I'm not perfect, but I would like to make a difference. Tax is not something which one should fear. Actually, this is the Income Tax departments job to do outreach, but always look out for the little one... Your Friendly Neighborhood Spider- Man!
P.S if there is anything you would like me to go more in depth in the above topic, do put in the comments Ill try my best to include the same in the coming posts. Tomorrow is about Schedule FA presentation.