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Question & Answer


G

Gorbachev

26 Oct 2022

Buying and selling of scrap jewellery is in service or goods under GST rules

Replies (1)                          

CA Rahul Dwivedi       2 Nov 2022

Dear Gorbachev,
Simply buying & selling of jewellery is treated as goods as you are not providing any value addition services. However we need to understand the exact transaction in detail to advice further.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377

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S

Shakeel A Majid Khot

25 Oct 2022

Summary:
Sir,I have an Residential Trading/Demat account ( with two stocks in DP ) with one share broking company, opened in the past.The account is active but almost unoperated.
Currently I am an NRI since last few years and now want to open an additional NRE Trading/Demat account for trading with another brokerage firm, while keeping the first account active but not operating.
Query:
1) How do I go about it?Can I open an additional NRE Trading/demat account for trading.
2)If yes ,do I require to transfer old stocks from DP holding to new NRE Demat account.
3) Am I required to close down my old Demat account?

Replies (1)                          

CA Naman Maloo       26 Oct 2022

1. Yes you can open new account without transferring the stocks from old account.
2. However it is advisable to update your residential status to NRI in old account as well.

Regards,

For any income tax return filing help you can email at canamanmaloo at gmail

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C

C S Lakshmi

23 Oct 2022

My husband had expired on 24-09-2020.
We have a let out ( shop given for rent) and this is our only source of income.
We are paid around 18000 per month on my husband's( late) name in his bank account till date. For that TDS of 1800 rs is deducted every month for the year FY.2021-22 (A.Y.2022-23)
Recently I requested them to change the agreement in my name.
Now I would like to know how to file the returns for TDS deducted on behalf of my deceased husband. Also we are not in liable of any tax payment.
Kindly help me.


No Reply  


A

Aditya

18 Oct 2022

I am an nri and i have home loan on a 2 b
ed apartment still under construction. I would like to get rid of the home loan and sell it. What are the tax implications? How do i transfer the property without visiting inida.

No Reply  


U

Usha Bhakuni

18 Oct 2022

I had submitted and verified my ITR-3 (I am a freelance consultant) on July 23, 2022 and my return has not been processed yet. I had filed a grievance also but received the following reply - " Dear Taxpayer, we are in receipt of your response to the communication sent with regard to the confirmation/revised claim of refund. Your return will be taken up for further processing. An intimation will be sent to your registered email id once the processing is completed. Taxpayer is requested to wait for the same." What should I do next? Should I file a revised return or another grievance? How long does it usually take to process ITR-3?

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