If my family & I have been staying as a tenant and does not own any property in Delhi. Rent agreement is in the name of my father but I have been paying the rent. Can I claim HRA deduction in my salary by getting rent receipt in my name from the landlord ??
Hi Sir, I am buying a flat from a NRI for 35 Lakhs and will be deducting 20.6% TDS on total amount but the NRI wants me to the TDS on 20.5 Lakhs and have provided the below calculation and his explanation. My query here is can I go ahead with the deal and should deducted the TDS on only 20.5 Lakhs as per below calculation or else the TDS needs to be deducted on 35 Lakhs only. Please find the calculation. Cost of Flat - 464317 in FY 1999-2000 Stamp duty - 18910 in FY 1999-2000 Cost of interiors - 214660+7339+7115+6215 = 235329 in FY 2000-2001 The cost inflation index is changed in the current FY by shifting the base year from 1981 to 2001, hence we have to consider the fair market value as on 01.04.2001 which is not available. Considering the CCI of earlier the Capital Gain will be 20,49,588 till FY 2016-17. So our net tax liability will be only on this CG amount but this will also be reduced if we take the fair market values as on 01.4.2001. As we are selling in FY 2017-18, we should consider the revised fair market value but as the base is changed, we have considered till 31.03.2017.
Hi I am having a socks manufacturing business, I want to export socks to Cambodia but I don't have export related documents. please confirm which are the documents required for exporting socks I am having TIN, Gst and CST number and in how many minimum days I can get all export related documents. please confirm at the earliest. Regards Naman
I am working in a company as an accountant and one of our employee is submitting investment documents. She is submitting investment documents (LIC and medical insurance), policies are under her husband name and also paid by her husband. She want to take benefit of same in his tax declaration by verbally saying that her husband will not claim this investment in his return.
Should we consider the same in her tax declaration ? problem is she was submitting the same documents in past years for her investment declaration.
As per my knowledge these documents should not be consider because these are in the name of her husband and paid by her husband. We can only consider children education fee and policy which is in her name and paid by her husband.
Detail of documents are given below.
1. 3 LIC in the name of her husband and also paid by her husband.
2. 1 LIC in the name of herself and paid by her husband.
3. 1 Mediclaim policy in the name of her husband and paid by her husband.
4. Children education fee certificate saying that "XYZ son of studying ABC school and paid ---- amount in Financial Year.