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Question & Answer


D

Darshak Dharod

6 Sep 2021

Respected Sir/Madam, I have query regarding HRA component under tax. I am paying rent of 12000 per month to my landlord and this amount is more than 1 lakh per year due to which I have to provide PAN no. of my landlord while claiming HRA under tax. My concern is My landlord do not file ITR, So will it cause any problem to me ? Note : I am paying rent in cash as my landlord want rent in cash and I do get rent receipt for same from my landlord.
Awaiting for your response, Thanks in advance.

Replies (2)                          

CA Mehul Aggarwal       8 Sep 2021

You won't face any problem in this case.

CA Rohit Jain       10 Sep 2021

No problem in your case.

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D

Darshak Dharod

6 Sep 2021

Respected Sir/Madam, I have query regarding HRA component under tax. I am paying rent of 12000 per month to my landlord and this amount is more than 1 lakh per year due to which I have to provide PAN no. of my landlord while claiming HRA under tax. My concern is My landlord do not file ITR, So will it cause any problem to me ? Note : I am paying rent in cash as my landlord want rent in cash and I do get rent receipt for same from my landlord.
Awaiting for your response, Thanks in advance.

Replies (3)                          

CA Rahul Dwivedi       6 Sep 2021

Dear Darshak, it's none of your business to check the ITR filing status of landlord. Your Duty is to provide the PAN of Landlord that you are doing . It will not cause any problem to you.
For Further Assistance you can reach me at ca.rahuldwivedi@gmail.com or 9004485377

CA Hunny Badlani       6 Sep 2021

Hello,

No it won't cause any problem to you. You can declare the HRA exemption.

I hope that this answer satisfies your requirements. For any query, feel free to write to me at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

CA Rakshit Jain       6 Sep 2021

No issues if landlord does not file its ITR.

T&C apply


A

Abhijeet

5 Sep 2021

I am a management consultant & have been consulting within India but as an individual & not as a firm. Now I have been asked by a European consulting firm to represent them for their clients in India. For this, the European consulting firm will be paying me in USD. I have 2 questions...1) Tax point of view, is it beneficial to form a firm and receive the consultancy fees for the firm than receiving the money on my individual account ? 2) How is the tax calculation when receiving the consultancy charges in USD ?

No Reply  


V

Vijaya Ramakrishna

4 Sep 2021

I am getting 15000 salary per month by the source of daily wages and agriculture. should i submit income tax returns. because for getting government benefits they are asking that i am not paying income tax. how do i get this. please clarify

Replies (3)                          

CA Rahul Dwivedi       4 Sep 2021

As your income is less than taxable limit so you are not required by law to file income tax return. However voluntary you can file ITR.
For further assistance you can reach us at ca.rahuldwivedi@gmail.com or 9004485377

CA Rakshit Jain       4 Sep 2021

Since your gross income does not exceed Rupees 2.5Lacs you need not compulsorily file income tax returns.

CA Hunny Badlani       6 Sep 2021

Hello,
Since your gross total income is below Rs. 2.5 Lakhs basic exemption limit, you are not required to file your ITR compulsorily, however you can file ITR voluntarily if you need to submit it anywhere.
I hope that this answer satisfies your requirements. For any query, feel free to write to me at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

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T

Thanga

4 Sep 2021

I was doing small business through online. I supply goods locally and to interstate wise. My turnover will be about 10 lacs per annum. Do I need to register for GST. Is it compulsory?!

Replies (3)                          

CA Hunny Badlani       4 Sep 2021

Hello,
Yes, a person making interstate supplies of goods is compulsorily required to get himself registered under GST.
I hope that this answer satisfies your requirements. For any query, feel free to write to me at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

CA Rahul Dwivedi       4 Sep 2021

In case of Inter State Supply GST Registration is compulsory, irrespective of turnover.
For further assistance you can reach us at ca.rahuldwivedi@gmail.com or 9004485377

CA Rakshit Jain       4 Sep 2021

Yes you will require GST Registration for doing business.

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