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Question & Answer


A

Anurag

16 Jan 2019

I work in Mumbai wherein I stay in a PG, I have also rented a house in Pune where my family lives. I pay the rent there as well and its in my name. Can I claim HRA for my Pune house? I will not be showing Mumbai PG rent then, only my Pune house rent.

Replies (1)                          

CA Yash Jain       21 Jan 2019

Legally allowed ...
however Depends on your company internal policy
a question may arise how come he works in mumbai and stays in pune does he travel every day ? where is expenditure claim? practically depends on company to company

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A

Anurag

16 Jan 2019

I am having a doubt regarding HRA. I work in Mumbai wherein I stay in a PG, but I have a house in Pune, which is rented in my name. I want to show that house only to claim my HRA. Can I do it?

Replies (1)                          

CA Urvi Gandhi       16 Jan 2019

Yes Anurag, You can claim HRA for the house you are living in as PG. Kindly note while filing IT return, you will have to consider the income from Rent received from your Pune House.

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R

Rajesh Kumar

15 Jan 2019

I am applying for director of a private company (startup), so in future can I apply for government jobs in India? Please elaborate.

Replies (1)                          

CA Urvi Gandhi       16 Jan 2019

Yes. You can apply and do job for any company. There is no restriction in Companies Act for Directors. However, before joining any company, prior intimation to employer might be needed depending upon the policy of that company.

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K

Kulbhushan

15 Jan 2019

How much cash I can deposit in my or my wife's account in one financial year...?

Replies (2)                          

CA Urvi Gandhi       15 Jan 2019

There is no limit For depositing. However, whatever you deposit, you should have source of that income and should show the same in your Income tax return and pay tax on it.
For more queries, you can reach me at urvii.gandhi@gmail.com

CA Abhishek jha       16 Jan 2019

There is no limit For depositing. but Subject to condition
For more contact 9708549709

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S

Supreet

13 Jan 2019

If there exists a Partnership Firm, If I am not a partner of this partnership firm then Can I buy the whole business and whole land of this firm just by generating a partnership deed with the consent of all existing partners, retire them in partnership deed and add my name and my son name to the partnership deed and register the deed in registrar of the firm.
Q1. By doing this can I avoid the registration charges and stamp duties to be paid in the registration of land?
Q2. By doing a simple partnership deed can I transfer the title of the land in my name or is it compulsory to register the land in sub-registrar by paying stamp duty?????

Replies (1)                          

CA Abhishek jha       15 Jan 2019

Ans 01.Yes
02. No
For more details contact on 9708549709

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