Hi Team,
My Employer allows 3 days WFH in a week and not necessarily mandated that for every week. I have taken rent in Chennai, where me and my family stays on rent. 1 week in a month, I visit Gurgaon, my place of work and there I stay in a PG/ with relatives/ Oyo room. My HR have disallowed the HRA claim even though I have given the rental agreement, rent receipts. Please let me know what needs to be done. Is there any rule in income tax that rental accommodation needs to be taken only at the place of work? As far I read section 2A of section 10(13A) I do not get the impression. Please also note that all my documents (Aadhar, Passport, etc) have the address of Chennai and not Gurgaon. Also I'm having gas connection, Mobile connection, Jio Fiber Broadband connection all from this address
Question 2: I'm thinking of renting a flat in Gurgaon as well. I will be living in Gurgaon for 2 weeks and Chennai for 2 weeks. Can I claim HRA for both the rents paid? I will take a broadband connection as well in Gurgaon and will be paying the electricity bill in Gurgaon to show that I stayed in both places. This is in addition to the rental agreement and rent receipts paid for both these locations.
ITR filed for AY 2022-23 with taxable income below 2.50, but demand received 1,000/- as Late fee . What should I do ?
downloaded aoa after newly incorporating pvt ltd -->
normal pvt ltd table a --> aoa doesnt have subscriber page? just ca's digial sign is there. is it right?
Is such Trust liable for filing Income Tax return. It does not have any TDS refund claim? Its income is exempt from Income tax.
Are there any circulars/ press release/instructions from CBDT, please provide.
when residential property purchased by proprietor and Municipal tax paid by proprietor before residing , whether Municipal taxes paid should be capitalized.
Land was jointly owned by me & my spouse , which was purchased in 2015 & sold recently in Dec 2022 with long term capital gain.My spouse has already a owning a flat in one city. Now we want to purchase a flat another city on joint name.
My queries :
1) Do we need to deposit capital gain account scheme in bank on or before 31st March 2023 or not ?
2) At present amount is in saving bank accounts only.
3) can we purchase flat/ house in FY 2023-24 without depositing amount in Capital gain scheme account ?
4) whether my spouse shall be eligible for Capital gain tax exemption under Sec. 54.?
5) we need to purchase House/ flat only from capital gain amount or we can invest in another land ?
6) any other suggestion from experts
Experts are requested please guide us
I AS A TRAVEL AGENT BOOKING A INTERNATIONAL HOTEL FOR A CLIENT ON WORLD WIDE ANY PORTAL DO I HAVE TO CHARGE TCS TO THE CUSTOMER
i have received a notice as i have not filed itr in 2015, my ques is i sold the property in which cap gain arises i was the sole owner, for cap gain exemption i purchased the property in joint ownership.
my ques is will i get half cap gain exemption as my second purchase was joint ownership, or i can claim full cap gain exemption
second will they consider my point of cap gain?? can they say u have not filed the itr so it will be considered as nothing has been done from your part and pay full tax on property sold....as i have not filed the itr,
third what can be the penelty for non filing of itr.
thnx
My friend has received an whatsapp message from Income Tax Dept stating that certain high value information does not appear to be in line with the ITR filed for FY 2021-22. Under e-campaign list on compliance portal it shows high value transaction, status partially submitted.
She had not shown bank interest in her ITR for FY 2021-22. Now she has to pay additional tax along with interest & she needs to file updated return u/s.139(8A) for FY 2021-22. My query is while making payment of additional tax with interest what should she select as nature of payment. Whether she should select Self assessment tax OR Tax on tax on regular assessment.
I wish to know the implications on capital gain on property sold
after 01 Apr 2023 in FY 2023-24 as per the new rules announced
in the budget for the FY 2023-24 . Thanks
HRA for living in different city