India

Pay rent to wife or parents - India HRA tax exemption

Can I Pay Rent to Wife or Parents to Claim HRA Tax Benefit?

Written by Anil Gupta
  By Anil Gupta       14 Jun, 19
 

Yes, you can pay rent to wife or parents to claim Indian HRA (House Rent Allowance) tax exemption. Paid rent is counted as spouse or parent income. File ITR.

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Attestation of Power Of Attorney At Indian Consulate

Attestation of Power of Attorney at Indian Consulate – USA

Written by Anil Gupta
  By Anil Gupta       22 May, 19
 

Attestation of Power of Attorney at Indian Embassy. Original passport, address proof, US legal status, 2 photo. US citizen need Apostile. Notary vs Attest.

920 India USA
Food coupons are tax exempted and help you buy grocery too

Food Coupons, Meal Vouchers Tax Exemption in India

Written by Anil Gupta
  By Anil Gupta       20 May, 19
 

Food coupons save income tax on Rs 50 per meal in working hours. Grocery, use food card at restaurant, Sweet Shop, bakery, Pizza hut, KFC, Subway, Big Bazaar.

14 Finance India

How to file US Tax on NRE, NRO Interest 1099-INT

Written by Anil Gupta
  By Anil Gupta       18 May, 19
 

File NRE account interest in USA tax return. Exchange rate for USD conversion by IRS. 1099-INT is not given by Indian bank. NRE NRO FD interest is taxable.

138 Finance India
Rent receipts for HRA tax exemption India

Documents Required for HRA Exemption in India

Written by Anil Gupta
  By Anil Gupta       12 Feb, 19
 

No rent receipt required for rent upto 3 thousand per month. Landlord PAN number, revenue stamp, Rent receipt required for monthly rent more than 8,334.

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Close SBI Maxgain account

How to Close SBI Maxgain Home Loan Account

Written by Anil Gupta
  By Anil Gupta       22 Jan, 19
 

Close SBI Maxgain Account by paying remaining balance + home loan interest. Stop Monthly EMI to avoid positive maxgain balance. NRI can use notarized POA.

0 Finance India