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Question & Answer


M

Maria

24 Jun 2021

My mother is deceased in 2018 and now I have received a notice from IT in her name demanding for re-assessment of her IT return for AY 2015-16. Is this notice valid as she is no more. What does the law say? What do I respond to the IT officer who has sent the notice. Kindly advice. Thanks

Replies (2)                          

CA Rahul Dwivedi       26 Jun 2021

Notice issue in the name of deceased is not valid as per law.
You can reach me on ca.rahuldwivedi@gmail.com or 9004485377

CA Naman Maloo       27 Jun 2021

Did you inform income tax department about her death in any income tax return or reply?
Also it is not valid to conduct enquiry in name of deceased.
You can oppose the validity of enquiry and they will start it in name of her legal heir

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B

Balaji

22 Jun 2021

Belgian company wants to hire contract staff from Indian consultancy. In this case, Indian consultancy accepts invoice payment only in INR. If the transaction need to be done via wire transfer, How the Forex and transaction fee can be handled ?.

Replies (1)                          

CA Naman Maloo       27 Jun 2021

Why Indian company only wants amount in Indian currency?
They will get lot of benefits of accepting amount in foreign currency.

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S

Suma R

21 Jun 2021

Hi,
I am Indian origin holding UK PASSPORT. I came back to India in 2015 and settled now in India. I am self employed and pay my tax in India. I want to buy agricultural land and retire. Can I buy agricultural land in India? Am I still considered as a NRI ?

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A

Aman

20 Jun 2021

To sell pooja samagri(like rudrakash, tulsi mala etc) hsn number needed and on seeing on official website "any chapter" is mentioned under hsn number heading,please provide hsn number for same.

Replies (1)                          

CA Aditya Dhanuka       25 Jun 2021

Dear Sir,

In reference to your query, the said items are not subject to tax, and therefore no HSN need to be quoted. The same need to be sold under Bill of Supply and not tax invoice.

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka.

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A

Anuj

19 Jun 2021

I made a deposit in my NPS account on 31st March 2021 01:30 AM via my Bank which is my POP-SP and the transaction was also processed early morning on 31st March and i got the NCIS Acknowledgment with date mentioned as 31st march but the amount did not reflected to my NPS Account on 31st march and the amount reflected in my NPS Account on 5th April and the Transaction date in my NPS Account is showing as 5th April 2021.
So can i take tax benefit for fy 20-21 for my NPS Contribution or will this investment be considered for fy 21-22 ?

No Reply