Hi, I am a self employed freelance software professional who is showing rent in business expenses [INCOME BY PROFESSION]. I showed 48k Rs. rent expenses in my last F.Y. income tax return. My total expense will exceed more than 1 lac Rs. In the current F.Y. I know landlord’s PAN is required for paying more than 1 lac Rs. rent in order to claim HRA from employer if you are a salaried individual. Does the same limit apply to self employed freelance professional? if I don’t show my rent as business expenses in current F.Y. and pay more than 1 lac rs rent, will this limit and PAN card requirement still apply ? My rent expenses could cross Rs 3 Lac in the next F.Y. so I don’t want any limit. I also don’t want to ask for PAN card bcoz most of the landlords don’t provide it even if they have it. Please reply. Thanks
HRA is applicable for Salaried only. There is no concept of HRA for PGBP Income, It can be shown as Expenses for PGBP and there is no specified limit, if Rent is for Personal purpose then it will be treated as income not expenses
Mam please make videos on perquisites.
Best explanation. Thank-you Maan ⭐
Thank you so much ma'am 💗
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Thank you ❤
Thanku Mam
Ma'am are Dearness Allowance and Dearness Pay the same? Kindly enlighten, as there are questions in which both DA and DP are given
Hi,
I am a self employed freelance software professional who is showing rent in business expenses [INCOME BY PROFESSION]. I showed 48k Rs. rent expenses in my last F.Y. income tax return. My total expense will exceed more than 1 lac Rs. In the current F.Y.
I know landlord’s PAN is required for paying more than 1 lac Rs. rent in order to claim HRA from employer if you are a salaried individual. Does the same limit apply to self employed freelance professional?
if I don’t show my rent as business expenses in current F.Y. and pay more than 1 lac rs rent, will this limit and PAN card requirement still apply ?
My rent expenses could cross Rs 3 Lac in the next F.Y. so I don’t want any limit. I also don’t want to ask for PAN card bcoz most of the landlords don’t provide it even if they have it.
Please reply.
Thanks
HRA is applicable for Salaried only.
There is no concept of HRA for PGBP Income,
It can be shown as Expenses for PGBP and there is no specified limit, if Rent is for Personal purpose then it will be treated as income not expenses
❤thnk u
What about commissions... Why it is not added in salaries it is a part of it???
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@@DWIVEDIGUIDANCE mam exams are on the way kindly complete this series early
Yes mam please
Hello mam
Mam Y don't u reply me???
Cuz she is busy in teaching me
Are you are her bf?
No, right?
Then why should she reply you
Do you love me ?
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