A
Arjun
As my landlord is not having PAN and he was ready to sign the ‘No PAN declaration form’, I have mentioned the actual rent of Rs.15200 while submitting the rent receipt in TDS with the landlord signed declaration.
But now I got the below intimation from my team that this is wrong and I should submit proof for only 8300 if landlord is not having PAN as per organization policy.
1. I heard that I can file the full rent with ‘No PAN Declaration form’ while doing the ITR. Is that right ?
2. If so, do I have to submit the wrong rent receipt with Rs.8300 now and revise it while doing ITR ? Is that possible to revise the HRA claim in ITR?
3. Or I should let the payroll team to reject only my HRA claim(clearing other declarations) and submit the proofs only while doing ITR ?
WHich is the better option ?
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Dear Arjun Sir,
Greetings for the day!!
In case you will not be able to submit the PAN of the landlord, your employer will not consider the rent paid as deduction as per rule 26C of the Income Tax Act.
Giving wrong receipts to the employer is not advisable.
You can claim this refund at the time of filing of Income Tax return as per section 10(13A).
You may get a notice from Income Tax department for this mismatch between the amount which employer has reported against your report in ITR. You can reply back with the rent agreement and proof of payment to settle the issue in your favour. Thank You!
Y
Yash Mann
I need to file Income Tax Return and need CA help.
Hi Yash,
I can help you with the same.
Kindly contact me on 9967694668 or urvi@fintaxconsulting.in
Dear Yash,
I can help you with the same.
You can contact me on 8850927779 or dhaval@snhca.in
Dear Yash Sir,
Greetings for the day!!
Please feel free to contact us at 9339496519. Our team will be privileged to serve you. Thank You!
Hello,
Kindly feel free to contact us. We can help you with your queires.
You can contact me at 9689375979....
P
Pranam Ghagare
I wanted to get LUT for my exports!
There is optoin of independent witness.
Can my mother be a witness, she is a houswife?
N
Nivedita
Does have an MSME certificate or Trademark registration have anything to do with GST?
No
CA Ankit Chaudhary 26 Jan 2019Dear Nivedita Ma'am,
MSME certificate is just to register yourself to a particular category of business size which can help in case of any special schemes by the department.
Trademark is to preserve the uniqueness of the brand name.
GST is an indirect tax and GST registration is to taken by the supplier of goods or services beyond the set threshold limit.
Therefore, these 3 are independent registrations. Thank You!
N
Nivedita
What is TDS applied for a supplier? When does it incur?
There is no TDS for supplier unless there is any contract between both of you. If there is any contract then TDS is applicable if the bill is above Rs. 30000 or total transaction during the year is above Rs. 100000.
For any other query or details you can contact me at canamanmaloo@gmail.com
