HRA
This query is : Resolved
31 July 2009
1 I have shown rent paid in cash and claimed HRA exemption from my employer but unfortunately I do not have suffient cash withdrawals from my bank account to prove cash payments for the year 2008-09
2 Do we have to furnish cash statements to the Income tax dept: income sources - salary,bank FD, post office savings interest income and capital gains from share/mutual fund transactions.
2 Do we have to furnish cash statements to the Income tax dept: income sources - salary,bank FD, post office savings interest income and capital gains from share/mutual fund transactions.
31 July 2009
In case of salaried employee, there is 0.1% chance of case in which ITD can demand in respect of rent / investment.
But it is better to maintain cash balance for claiming of rent expense and savings.
But it is better to maintain cash balance for claiming of rent expense and savings.
31 July 2009
I had withdrawn suffient cash in the year 2007-08. Can that be carried forward as cash in hand for 2008-09 and shown as
payments made from those cash funds.
payments made from those cash funds.
31 July 2009
You have to prepared statement of affairs as on31st March 2008 and 31st March 2009 in which all cash/ Investment balance to prove balance in hand as on 31st march 2008
You can carry cash balance in 08-09.
You have to prepared statement of affairs as on31st March 2008 and 31st March 2009 in which all cash/ Investment balance to prove balance in hand as on 31st march 2008
You can carry cash balance in 08-09.
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