Rahul Gupta's Expert Profile

Queries Replied : 1354

About me

I am a Chartered Accountant qualified in 2007. I did my MBA Finance from Symbiosis and B.com(H) from Delhi University. Presently I am working in Noida as a Project Controller in a Power Sector Company. My professional experience includes 6 months in Paris and 1 year in Switzerland. Also, I am pursuing DISA from ICAI.

My field of interests are accounting and finance. I also likes to study and deal in Shares and mutual Funds. Understanding IT tools attracts me to evaluate and get more and more information and audit trails while analysing and performing audits. It enables me to be creative and think more about the existence and understanding of the facts of the situations.

For the proffessional growth in life, I believe that sharing provides you to learn and develop your knowledge and understanding about the people and the subject. There should be sharing of knowledge, experience, thoughts & suggestions between friends & colleagues. Also, I consider communication as above the knowledge to achieve this. CA Club India is just doing that .

For personal Life, I believe that if you expect to get something then always keep thought of giving something also.

Lastly, Always look forward and B+ (My blood group ....hahahaha)

CA Rahul Gupta

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PUNIT KUMAR BHANSALI says : thanks
Dear Sir Thank you Mr Gupta for your reply to my query. Regards PUNIT

Darshana Pandhare says :
hi rahul thanks for ur answer now i want to know when my exam will be due? as i hve complete PE-II & then after start my articleship on 10/2/09 so when my final exam will be due

Rahul Gupta says : Reply to Mr. PVKAKARIA
10(13A) says > Any special allowance granted to an assesse by his employer to meet expenses actually incurred on payment of rent in respect of residential accommodation OCCUPIED by the assessee. Section 24 says > For calculating IFHP , where any property has been acquired, constructed, repaired, renewed or reconstructed (there is no RESIDING word here) with borrowed capital, the amount of interest payable on such borrowed capital is allowed as deduction. The interpretations indicates the persons can reside in a house different from the house he owned and there is no mention of the place. So it can be anywhere in the same city or in different cities. Also, there is no restriction of any such thing in the Act, so if there is no denial, then deduction can be claimed as per the act by complying their respective conditions. Eg. Let us suppose You own house in Rohini and live in Noida near your office in a rented accommodation. Then you are paying interest on the loan for house in Rohini and also you are paying rent in Noida.

pvkakaria says : sec 13 A and sec 24
can give any specific case law or sitation on which you said that hra can be cliamed along with interest on housing loan where a person is residing in same city