Can we pay rent to our parent?
What if my parents are in other city and I am living @ my company's location which are 700km away from each other. Can I still show that I am paying rent to my parent?
Please help as this is my first time coming under tax slab

Any recommendations on credit cards with lounge access? Currently have the Chase Sapphire Reserve which has Priority Pass, but have been turned away from lounges not accepting PP at peak times

Currently maxed Roth 401k, Roth IRA, HSA, and ESPP at 23 YO, should I consider an after-tax conversion? I’ve read about back-door Roths but I’m still far below the income limit as an analyst. Definitely looking into early-ish retirement, should I just invest the rest in a regular brokerage account until I reach the income limit? Am I even allowed to do a conversion? Any advice is helpful :)

What is a good website to use to create a whole custom baby site?

Would you prepay your mortgage (2.75%) or invest? Would you refinance 15 year or 30yr? I understand that over a long run, you can invest the difference and increase wealth. But it generally takes 10+ years to break even. What’s your reason NOT to do the 30yr mortgage?

Best examples of ramp back programs from parental leave? I get to choose my own adventure and am curious what’s worked well for others. Minimum hours required hasn’t been stipulated. Thanks!

Can I receive rent on H1? How can that be accounted towards the end of the FY?

Has anyone set up an NY 529 for their kids? Know there’s a 10k tax exemption for NY state taxes, but does anyone know if that per child, or across all children?

Roth vs Traditional 401k, thoughts?

Currently am contributing money into both 401K and Roth 401K. Should I also open up a Roth IRA?

Any advice in terms of investment to save the maximum tax?

I have 4k that won’t need soon and thinking about were to spend it on.
A. Student loans at 5%
B. Invest in stock market

Is 80k cash + 20k company share a good deal for a junior dev role in the bay area?🙏

Trying to open an account on TreasuryDirect to buy i bonds, and I am required to get an authorized certifying officer to sign a form to complete the process to open an account. Anyone know what that is? I went to my bank and asked, they don’t think they can sign it 🧐

Do you think house prices in NJ will go down/up? Thinking of buying a house in 9-12 months and saving. What % is a good down payment? (First time home buyer here)

Does anyone have an idea on the best emerging markets to invest in before the recession hits? Is gold, or any other commodity going to be the safe haven as well? Thanks everyone

What is the best performing NPS available on market. Let's assume that I invest 50k per year for tax saving, what could be my retirement benefits out of this(30 yrs of investing). Please help me with calculation and suggestions.

Taking my CIPP/US tomorrow, any hints?

For EESP - which is better share withholding or payroll withholding? Thoughts?

Joining McKinsey, can anyone share their health/ gym benefits? Do they reimburse for a membership?

3.5 years out of school, 2400 billable hours last year in TRS and just got promoted. what kind of year end compensation should I be expecting? Bonus and new salary

Miles Jay at Smuggler is the best commercial director working right now.

Just sayin. Dude has the talent to pull a Ridley Scott.

Is food something we can discuss for the Summit? If not, can we address tokenism in the industry? Like what are actionable steps to break out of that in ‘diverse’ agencies? It’s hella annoying.

For those who have passed the CIPM exam, what is it like (and how does it compare to the CIPP/US exam)?

Would you expense a speeding ticket on your way to an IR?

McK/Bain fish, do you guys get free leatherbound notebooks?

Me and my wife will be moving to Pune in January
I have permanent work from home and my wife needs to visit office 2 Days in a week
office location : Phoenix Mall

Which Areas Should i Narrow down to for my Search of Renting a 2bhk Apartment.

Preference:

a) Not looking to spend more than 20k
b) Preferred nice vatavaran ( atmosphere) As i am moving from Noida
so a bit of views/greenery would be nice.
c) where i can play weekend leather ball cricket matches.
If hav any lead plz do tell

Database for M&A precedents? Trying to look for a share purchase agreement from a 2021 acquisition. Didn’t find it on EDGAR. Is there anyway to make sure the document is not publicly available? How can I get access to this agreement?

What are common easy to pick up side hustles?

Can I get any referal for data engineer position??

Hii fishes
Please help me to unlock chat

Any recommendations on books to get up to speed on leading/managing teams as a new manager in consulting? Preference towards tangible case studies etc. vs. high level concepts.

hey Fishes , can anyone guide me on what kind of technical questions Cisco asks for Product managers who don't have much of Networking background .

Hi! I started at a new company 2 months ago and while I’m really enjoying my job so far, I’m having a hard time gauging whether or not I’m doing a “good job.” My role seems to be always evolving, which is fine and I actually enjoy being a support to the greater marketing team, but I feel like I need better defined targets to make sure I’m meeting expectations. Also, when I ask my boss what they’d like to see, I don’t ever get a clear answer. (Cont’d in comments)

Looks like the office is in Ascendas, Taramani.

Do you submit fake rental receipts and owner pan card detail for HRA? Is it normal ? I see most people does in my team. They submit parents or spouse pan card number as owner pan card number to get HRA. Is it same everywhere?

Does your organization make you feel like your work is only a support function to their more profitable businesses?

In case anyone needs help with their Tax returns, please feel free to DM me.

Hi Fishes,
I started my job in 2020. I haven't fill ITR till now. My CTC is below 5LPA.

1. Can we fill the ITR for previous years? If yes then...Will it cause any issue?
2. What would happen if I start filling ITR from this year only and skipping for previous years?

Please suggest and guide

Hello people,

Need some inputs!

When I file my ITR, it is auto-populating the 'income from other sources' by 40k and increasing my tax liability by 10k however form 26as shows no tax liability.

Should I edit the header to Rs. Xx which is below 10k hence tax exempted and stick to info as per 26AS?

Thanks a lot!

Hi,

Where to invest to reduce the taxable income of 8 lakhs after investing 1.5 lakhs under 80c and HRA 1 lakhs ? Medical insurance 50 k I’m aware of it and I don not plan on any house loan. Please suggest.

I have gains from stocks.. as LTCG. Do I need to file ITR 1 or ITR 2?

Could anyone please tell about NPS CCD(2) ? Is it paid by employer? What needs to be done in this?

Can we show unequal rent split up between husband & wife for HRA?
Let's say we pay 20k in rent. I want to show that I pay 15k and wife can show 5k. Is this sort of break up possible without explicitly mentioning it in the rent agreement?

Hi team ,

I have started working from jul2019 and I have filed my tax return for 2020 and 2021 tax years.


However I note that there was withholding of some amount in 2017-2018 and 2019 tax years ( withholding from comission received from insurance commission from lic and United india)

I have not filed 2017, 2018, 2019 return as my total income was less than threshold

Is it possible to file return for 2017 , 2018, 2019( all r in refund) now without paying any penalty?

My company has asked for investments proofs. Jts feb only and i have upcomming mutual funds sip also. How can i show these upcomming sip investments ?

Hi all
Can some please help me !!
I have already paid self assessed tax but in income tax website its not updated and money also debited from bank
What should i do now

I selected new tax regime in the company 'xyz' portal for April 2021-March 2022. I left this company in jan 2022 and tax of 16k got deducted from F&F settlement.

I have investment in EPF and submitted the rent receipts to the company for tax exception for HRA. But in F&F, based on new regime tax deducted.

During filing ITR for assessment year 2022-2023, can I file by selecting old regime and get this 16k return?

How much tax will be deducted on 18lpa fixed salary (1746800 in hand after epf deduction)? Even after investing 1.5 lacs in 80c.

My CTC will be
Basic 13LPA
FB 7 LPA
Total fix pay - 20 LPA

80c - 1.5 LPA
HRA 3 LPA

Any one please help mi on which tax method will be sutable for me old or new?

Whats the max of monthly rent has anybody shown for HRA deduction 😅

Please let me know how to claim (whats bills needs to be submitted) exemptions for Special Allowances.