Dear Friends,
Can anyone please give a considered views on the following.

A and B are husband and wife and are directors & promoters in a company. They are taking a house on rent for residential purpose. The landlord says lease can be in any one name of the spouse(not joint name or not even in company name).

Under these circumstances, I want to know if the lease is made in one name either husband or wife can they both equally claim HRA against it as they both will stay there and rent will be paid from their joint account and both are working for one company. Auditors says only one in whose name the lease is can claim HRA not the both but I want to have one more opinion .

Secondly, as they will be doing working from home can they claim expenses relating to office like electricity, staff salary, staff welfafre etc. though it's not a company/commercial lease

CA friends can please advise.

Thanks

PC Joshi

Hi,

i have paid tds thru yes bank site...somehow the challan generated has my TAN as PAN (means PAN: XRKV12345Y) in yes bank site..

now the thing is in traces i can see the challans (unused)(and bank also says that it is showing in your income tax) but in oltas it is not showing (i can see with the CIN but thru TAN i m not able to check)...also i cannot file the return thru RPU software without csi file...

Pls help

Hello everyone, I am asking you all that asume that I am a gst registered jewellers if I am buy old jewellery from customer and ther are not registered and I that old jewellery sell to a registered jewellers then what is the transaction and taxes are applicable.

1) Whether the interest earned on Employer contribution to PF is taxable or not?

Assessee has a music label brand & it generates a royalty from IPRS on the basis of songs played on various platforms. The said amount are in transfered as royalty based on the no of times the songs have been played for a particular time.

Is GST applicable on the said amount received or the same will be paid by the IPRS on RCM basis.
The music label is registered under GST as it has other business verticals as well.

THE OWNER OF THE PETROL BUNK IS LADY AND SHE RECEIVES RS. 14520/- PER MONTH AS LEASE RENT FOR THE LAND LEASED TO HPCL. PETROL BUNK IS ON HER OWN NAME AND SHE RUNS THE PETROL BUNK. WILL THE LEASE RENT RECEIVED BY HER IS TAXABLE UNDER GST ?

If i am the exporter but payment is made directly to a third person who delivered goods to me in India for export, how will I get BRC for the same?

Dear Sir,
We are a manufacturing Company, in which there are 5 directors each director is getting a salary of Rs 50000 p.m. against which company is deducting Rs 1950/- pm as tds, now in the month of March 2023 director has given interest on their unsecured loan given to company against which 10% tds is charged by the company, now what tds should company deduct from March 2023 Salary, as Income tax on Salary income plus intt on unsecured loans income is higher than their monthly salary. kindly clarify this issue.
Thanks & Regards

How is the income tax calculated on a flat owned by an NRI (residing in Singapore ) rented at Rs 37,000 p.m. which is Rs 4,44,000 per annum? Do the tenant still has to pay 31.2% tds every month to income tax dept?

Whether TDS is deductible on Insurance premium payment of more than Rs.60 lacs? Is 194Q or other section apply?