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Arvind Varma
My wife's bank pays lease of Rs 20,000 and I pay the balance Rs 4000 making total to Rs 24,000. Can I claim Rs 24,000 in HRA exemption in ITR Form
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Hi, you can claim only Rs. 4000 and you should be able to prove this amount paid
CA Puja Sharma 11 Nov 2020No you can claim only Rs. 4000
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Aarthi Muthiah
I have a notarised trust. I am going to register it now and I am the trustee while my father is the owner of the premises where the office of the trust is located. Will I require an NOC from my father? If yes, what is the format of the NOC? And how should the NOC be printed (Plain paper/ stamp paper/ letterhead)?
Yes, you need to take NOC from your father. You can take standard format of NOC generally which we take for GST registration etc.. Its optional to have the NOC on a stamp paper.
CA Namita Agarwal 10 Nov 2020Yes, you will require NOC. You can refer to formats available online. It is preferable to print NOC on stamp paper though it is not mandatory.
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Tejashree
Are octafx and olymp trade registered with sebi? Can i trade on these platforms
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Tejashree
What is forex, binary and intraday trading? Is it legal in india?
Forex trading is the means through which one currency is changed into another.
A binary option is a financial exotic option in which the payoff is either some fixed monetary amount or nothing at all.
Intraday trading imply a trade closed within the span of one day or one trading session. Such traders square off their trades, that is, buy shares and sell shares or other financial instruments before the closing of the market each day.
Forex and intraday are legal in India.
For more info pls connect on
+91 93545 62098/ info@fincheff.com
https://www.fincheff.com/
Intraday and Forex trading is legal in India. In case of Intraday trading one can trade into equities, Futures & Options, Commodities etc.
Forex trading is allowed upto a certain boundary by RBI. However binary trading is not allowed in India.
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Jaideep Singh
I have Long Term Capital Gain in my Pvt Ltd Company and no other income. My tax liability comes out higher in MAT (Minimum Alternate Tax) as compared to Long Term Capital Gain Tax. If I opt for section 115 BAA can I avoid MAT and pay tax as per section 45 of IT Act
