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T+2 refers to the two day time limit for the exchange of cash and shares between the buyer and the seller.
When you buy the stock, you own it. You can sell your shares any time you want but you must wait until settlement to use the cash proceeds for another purchase. If you do not, in the US this is called free riding and will lead to account ...
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If a property belongs to someone and they die, the property passes on to their estate. Typically it would be your mother (most property held by husband and wife have the right of survivorship). This should have been handled when their will was read as part of the probate process.
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Sending as gifts
I found a clear statement that you do in fact owe gift tax for gifts made to foreign people (foreign from the perspective of the United States government). There is a $15,000 gift tax exclusion per person per year in 2019. That would be per parent, so you could send $30,000.
If you are married, you and your spouse could each send that ...
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Chennai has had a run of bad luck: floods, cyclones, and most recently, an acute and critical water shortage. You really might want to reconsider buying there until the water crisis is resolved.
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After the death of the property owner, the property passes on to the nominee so just get it checked by an advocate who is the nominee and that person can officially sign all the documents of the respective property
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Question 1: Is this a reasonable approach ? Is there anything that I am missing out ?
As per Indian TPA act section 122:
Gift” is the transfer of certain existing moveable or immoveable property made voluntarily and without consideration, by one person, called the donor, to another, called the donee, and accepted by or on behalf of the donee
The terms ...
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SEBI doesn't refund money for shares. It regulates the exchange.
The company has lost value and SEBI has stopped trading on exchange.
Given that it's book value is negative, I doubt if you can find any offline buyer's
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It takes anywhere from few days to month.
You need not wait. You can manually add the BSR, date, Serial number and file the returns.
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Best consult a CA. If the amount is less than Rs 50,000 it's not an issue. Any thing more the best way would have been to have a loan agreement. It can be done post facto as well.
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Stocks with good standing are listed as Rolling Stock. This means that although you physically don't hold the stock you can sell. The exchange and brokers manage this; the stock is notionally credited and then sold.
Stocks of less standing are sold as T2T segment. This means you can't sell it before you actually receive the delivery.
Intra day trading is ...
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You heard correctly that interest paid on NRE accounts in India is not taxable income in India. In particular, there is no Tax Deducted at Source (TDS) by your bank and sent to the Indian Income Tax Authority on your behalf, and you don't need to file any tax returns in India. But, if you are a tax resident of the US (different from visa status), your world-...
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You can always ask the Finanzamt.
If the amount is small (say you make €100 a year) they might tell you "forget it" because the work handling your case costs more than the tax income. In the UK I think it is actually a low four digit number that you don't need to declare, Germany either has a similar limit, or there will be an amount where they are rather ...
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Probably, yes:
Germany uses the world-income principle. I.e., if you are tax resident in Germany, you have to declare all (world-wide) income you have.
Some other countries tax certain types of income at the source, though. To avoid double taxation, Germany has tax treaties with many other countries. They usually work the way that any taxes paid in the ...
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In your case, in order to pay no tax, you would have to bring down your taxable income to zero. Section 80C provides a maximum investment possibility of INR 1.5L. While there is no upper cap on how much you can invest in ELSS funds, it is important to note that since your deduction is limited to INR 1.5L, there is no reason for you to invest beyond 1.5L in ...
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