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Mohamadafzal Talab Bhaya
I have my establishment registered with epfo but i forgot the password and i cant reset it through site so i opted for request letter in site but will i have to personally got to pf office or have to sent request letter by post
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Vikramaditya K.
If I invested 5,00,000 in an ULIP in 2009 and then paid an additional 3,00,000 for renewal of the same policy in 2017, what will be the tax liability if I surrender the policy and withdraw the entire accrued amount (14,00,000) now in 2019, or should I wait for completion of 3 years since the renewal to save on tax?
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If you surrender the policy entire amount will be taxable. However if you surrender the policy before the completion of lock in period the surrender value will also be taxable along with the other value received however if you surrender after completion of lock in period then surrender value won't be taxable so its better to wait for lock in period to get complete and then withdraw the amount.
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Ramamurthy K V
Hi I have a flat and would like to gift to my Mom and pay rent to her to get the HRA benefit. Do you see any problem here?
no there is no problem just prepare a valid rent agreement.
In case of further discussion you can contact at canamanmaloo@gmail.com or call at 7984894562
Hi Ramamurthy, there is a problem. This is clear case of Tax Evasion. High chances of scrutiny. I would not suggest you to do this kind of arrangement.
CA Abhishek jha 6 May 2019yes there is problem. as per clubbing provision there is no transfer and you are deemed as owner.
for more details contact on 9708549709
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Rajesh
I got home loan from SBI to purchase Land on Sep'18. can i claim IT for Principal and interest paid.
Please clarify
I would suggest you to only claim principal amount as Interest can be claimed only when house is constructed and interest paid during the construction period can be claimed as deduction u/s 24 in 5 equal installments.
For more details you can mail at canamanmaloo@gmail.com or call at 7984894562
You can claim interest. But not immediately. For further query contact cme .
CA Shrinidhi Rao 6 May 2019Principal amount is available as deduction u/s 80c only if house is constructed or purchased i.e ready for occupancy.
T&C applyA
Aditya
I want to start a business of patties supplier, what are the gst charges for that.?
So are you going to work as a wholesaler?
Or are you going to manufacture patties and supply it?
If you are going to manufacture patties then you need to charge GST if your turnover crosses ₹40 lakh.
If you need any further consultation you can contact me at canamanmaloo@gmail.com
