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Question & Answer


H

Hardik Patel

12 Apr 2022

Hello. Can we claim HRA and house loan together if i am not staying in self occupied property and paying a rent to family member

Replies (2)                          

CA Puja Sharma       12 Apr 2022

Yes, you can claim both HRA and house loan deduction together. However, it becomes difficult to justify the genuinity of the rent paid to your relatives in case of scrutiny proceedings.
For a detailed discussion, connect with us at ca.pujasharma@outlook.com.

CA Rakshit Jain       14 Apr 2022

Yes you can as there is no specified restriction the Income Tax Laws, however you need to possess all the relevant documents if any inquiry whatsoever may arise from the Income Tax Department

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V

Vandana

12 Apr 2022

Can i use same gst for different business verticals

Replies (2)                          

CA Puja Sharma       12 Apr 2022

Yes, you can use the same GST number for different verticals. For any assistance in GST filling, you can connect with us at ca.pujasharma@outlook.com

CA Rakshit Jain       14 Apr 2022

Yes you can, However If the turnover from each vertical is not big then this may be taken, but for vice versa it is advisable yo have different GSTIN for different Business verticals

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G

Gb

11 Apr 2022

I work in pune and stay in a pg . My family lives in mumbai in a rented apartment can i claim for hra of mumbai apartment

Replies (1)                          

CA Puja Sharma       11 Apr 2022

You cannot claim the HRS for the Mumbai apartment because you are not living in that house. HRA is allowed for the house which the employee occupies. For more information, you can connect with us at ca.pujasharam@outlook.com

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M

Mukul Thind

11 Apr 2022

I need assistance regarding form15CA/CB

Replies (1)                          

CA Naman Maloo       17 Apr 2022

What assistance do you need?
You can book phone consultation with expert and ask any query that you have: https://www.taxontips.com/tax-notice-personal-consultation/

T&C apply


P

Payal

11 Apr 2022

I am using self owned property to conduct my business activity. I have taken loan on property. Can I claim EMI paid as business expenditure for income tax purposes.

Replies (1)                          

CA Puja Sharma       12 Apr 2022

Yes, you can claim the interest component of the EMI paid as business expenditure.

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