Can I make rental agreement as paying rent to my dad for tax savings .. I would like to mention 46k per month as rent .. Please help .

May be this is off the topic..
One of my friend who is a doctor & is an international med graduate. He passed his United States Medical Licensing Exams with above average scores. He has applied fr the match last yr & was nt able to match. Match process costs around USD10k; this year he is applying again after borrowing funds frm different sources bt he is under tremendous pressure to get match. I feel his pain as he has studied for 10+ yrs and is struggling to match nw. I m nt sure hw I can help

I'm a young professional finishing my first year of my career. Last month I opened a brokerage account & invested $4000 in the stock market. I'm planning to invest at at least $2000/month every month now with the goal of creating a passive income stream. Do any of you have experience with a dividend growth strategy? How did you get started?

What stocks are you guy guys buying right now in this market?

Should I continue to live at my parents house in the Midwest as things start to open back up or move back to my assigned office city on the east coast? I’ve been saving a lot of money, but I don’t have any friends out here in suburbia. I’m only 25, no student loans, and kind of want to live the city life and make some friends, but I’m hesitant because this high savings rate is really nice and my project at work would be remote even without covid, so I don’t HAVE to move out anytime soon

I am 29F and earning 13LPA. I have been working for 4 years of which 3.5 years I had very low pay and close to 0 savings. I have been able to save 6L now.

My investments below:
* Elss funds - 2 (total 1.5L annually)
* Large cap mutual funds - 6 (total 40K sip per month) current portfolio of 4L
* FDs - 2 of 25K each
*Medical insurance - company provided

Can someone advice if this is a good investment plan for future? What can I do better? Do I need another Insurance? Where else to invest?

Hi guys,

I am shifting to hyderbad.
currently single.
Can somebody help me understand the expenses there?
And also plz guide me an how much income is needed for a perso to live a decent life in hyderbad as a single.
If recomandation for PG and room sharings.

Hello Fishes,

I have joined hcl on 24 th sep 2021 and my last working day here is 18th May 2022.
Today I received my provisional full and final settlement and the payable amount is negative -11454. They are recovering the full AMPB amount which I got from September months.
I have heard from this platform only that hcl stopped the recovery police but still I got the negative fnf.

My direct report expensed Cal Bar late fees assessed for reporting MCLE credits late and for paying the bar fee late. It’s around $190 extra. I don’t care about the money (it’s not mine) but I think this is principally wrong to ask the company to cover it. Thoughts on this and how you would communicate it?

How much are you paying for rent (and where) vs how much are you making?

I’m 25 and have found a duplex I’m considering purchasing as a rental property. Planning on renting both units and have the cash to make the down payment without an issue. My cash flow analysis has a payback period of 3 years for my down payment and a 13 year payback period for the whole investment. I think financially it makes sense. My question is, is it realistic for a 25 year old young professional to handle dealing with all the extra curricular’s that come with owning a rental property ?

What are some good east coast cities to buy an investment property in? For those of you who have done this before, what's better for a first time buyer/investor - commercial or residential?

Based in NYC but looking to buy outside the city. Something that's 400-500k and has good rental potential. Thank you.

Getting about $2200 back from Federal and $1300 back from NY State. Claimed 2 for both last year and having 2nd kid this year. Should I bump to 3 or keep as is?

How much will someone get from a $5,000 referral bonus after taxes? Is there any way to minimize the amount it’s taxed? Work in VA and live in DC.

Moving to Houston and am looking in the Garden Oaks and Heights areas but I can’t get over the the new million dollar homes next to the $800k houses built in 1980’s. Does anyone live in an area like this? Is there a name for this? Other than a gentrified area? What are some things to consider if buying in an area like this? Are neighbors ok knowing that they’ll eventually be bought out or get to a point they can’t afford the property taxes? TIA for any insights!

How do you all make the decision of when to keep hodling or when to sell (or other strategies)? I’m definitely a believer of the bubble, but also think more money can be made...

Need help looking for a 1 bd, I’ve tried domu/Zillow but none of the options are appealing. Should I be using a realtor?

Budget: $1,200
Areas of interest: LP, Lakeview, Wicker Park, Old Town, Streeterville, West Loop, River North

I forgot to transfer my crypto or withdraw from binance to binance US. Is there a way I can withdraw or transfer now? I think the deadline was until Nov 2020

Hello All,
If anyone is interested in getting an Amex card as first year free, please dm me. I can help with referral so that you get the card FYF and 2000 bonus points on spending just Rs. 5000 in 90 days.

Why do firms not use vested stock options as incentive in earlier stages of career?

Hey Any RPA Developer here ? Can you please tell me your YOE and CTC?

My application for an M&A spot at Deloitte was rejected in under 48 hrs!

Where should a data and insights team sit within a company org?

Hello all! I’m currently in the last year of my MBA looking for a Pt role related to sustainability, renewable energy, ESG, and clean tech. I have over 5 years of managerial experience and have worked in construction, consulting, non profits, and start ups. Let’s connect!

What do you like about working in tech ?

3 Things to keep in mind which changing jobs:
1. Always ask dedicated budget for the job before you tell your expectations.

2. Always have atleast 2 weeks of gap before you join any company. You might not understand significance of that but just have a gap.

3. Always talk to people of team you will be joining before you accept offer or atleast before you join company.

Does hsbc have Christmas shutdown like most firms? Or is everyone working through the holiday season

Alabama shuts out two ranked SEC teams in a row. SEC is... overrated. That’s my takeaway.

Hey fellow international HR peeps! Anyone else cobbling together an emergency response plan for their Ukraine team? We’re a US based company with ~50 people there.
Eager to hear how others are handling it.

What will be the avg hike for progressing rating for manager (32-2)...joined in Feb 2022.

Hello fellow 🐠! I’m new to this platform and would greatly appreciate some “likes” for this post so that I will be able to send DMs for job networking opportunities.

Any ways to fake lta

Hi fishes,

My CTC is around 12 lpa per annum. How can i avail max tax benefits?

Hi,

Kindly ping me if you need any help for filling up the ITR. I will help you to get maximum return.

Charges applicable.

Thank you

I have a question regarding taxation of joining bonus.

I recieved a joining bonus of 1 lakh from my previous employer in last fiscal year which was taxed.
I resigned from the organisation before completing 1 year... Which will be deducted from my last month salary.
How does taxation works in this case.

Can we show rent paying to parents if we are living with them.. Do company mandates that parents should be living in different city to qualify for such HRA exemption.

What are all the ways to save income tax?
CTC 9.8L

How to save tax for the money from freelance work? As i already have a full time job.

By investing 50k/annum in NPS I can save 15k tax per year.. Suggest me I should opt for NPS or not?

Hello fishes, can we buy land/plot to save long term capital gain tax?

If my company is deducting tax on reimbursements for example relocation, flight travel, mobile usage, etc. Then how to show in tax filing? bcoz as per my understanding it should not be taxable as I am using my money and company is refunding and no extra income. It's like I have already paid once and while refunding company again deducting. Please guide on this issue.

Anyone from tax can help me on some tax related queries.

Q1-Can I claim LTA and LTA cash voucher both for the current Block?
Q2- In LTA cash voucher scheme i have a total expenditure of only 50K approx so how much can i get as saving for Tax?
Q3 How the above 2 can be claimed during ITR filing?

I have more Questions but if we get replies on these we can discuss further.
This can help everyone

My CTC is 21L and i have tax deduction for home loan at 1.5L and icici policy premium at 1.5L
How can i reduce my income tax in what all other investements ? Please guide me

My Last working date at Wipro is 12th of june 2022, So How tax will be calculated for the financial year 2022-2023. My CTC is 8.4L
I will be working only 3 months for this financial year and in April month payslip i can see 6K deducted for tax and in the IT projection it shows around 30k tax deduction gonna happen. I will be joining another Firm in same june month
Please share how tax is calculated in my case and how to save taxes.

Base: 5 lakh
HRA: 2 lakh
Max how much I can exempt with HRA while filing ITR?
I live in my own house. I can pay to my parents in the name of rent.
What are the documents I need to produce?

How much rent amount should I pay to get maximum tax deduction?

Hi Fishers,

DM me if anybody want to file ITR for last year, I will help you get good refund amount for whatever tax paid or deducted from salary during the financial year.

Can I pay income tax challan using credit card?

Hi,

Can we use 10(10AA) leave encashment as tax exemption if we separated from the Job?

Note: corresponding tax paid challan info available in form 16

Thanks