Part time job along with psu

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Querist : Anonymous (Querist)

28 February 2017 Can a bank PO also do part time job?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 February 2017 No he can't do that..............

Gaurav

Gaurav (Querist)
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28 February 2017 what about a business like owing an internet site?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 February 2017 If you are a Probationary officer of a PSU bank, you can't own a business internet site. Hold it in your family member's name.

Gaurav

Gaurav (Querist)
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28 February 2017 but I have inherited some agriculture land..that too is not allowed sir?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 March 2017 You can do that no problem.

Gaurav

Gaurav (Querist)
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04 March 2017 should I go for HUF account for agriculture income bcz in case of individual earning that will be taxable right

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 March 2017 Agricultural income is exempted from tax.

Gaurav

Gaurav (Querist)
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04 March 2017 buy it will be clubbed which my PO income isn't it?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 March 2017 Yes it will be clubbed for rate purpose. Then treat the agricultural income as HUF income.

Gaurav

Gaurav (Querist)
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05 March 2017 what if I buy a residential plot and rent it from my PO income

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 March 2017 Such income will be part of your taxable income.

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