HRA & Accomodation provided to epmloyees
This query is : Resolved
04 January 2008
When accomodation is provided by the employer and the same is charged to the employee, How the HRA will be treated?
And can the accomodation charges be shown as rent paid for exemption u/s 10(13A)?
And can the accomodation charges be shown as rent paid for exemption u/s 10(13A)?
04 January 2008
When accomodation provided by an employer and same is charged to the employee than also HRA exemption will be available as per limits under section 10 (13A). Rent paid to emplyer will be treated as Rent paid for exemption u/s 10(13 A)
04 January 2008
Hi Purvi,
There is a difference between an allowance and an accommodation. If a company pays you a fixed sum of money towards HRA, exemption on the same may be claimed u/s 10(13A).
If a company provides you accommodation, the same shall be treated as a perquisite, valuation on the same shall be done under Rule 3(1).
Rgds/
Vineet
There is a difference between an allowance and an accommodation. If a company pays you a fixed sum of money towards HRA, exemption on the same may be claimed u/s 10(13A).
If a company provides you accommodation, the same shall be treated as a perquisite, valuation on the same shall be done under Rule 3(1).
Rgds/
Vineet
04 January 2008
Hi Purvi,
There is a difference between an allowance and an accommodation. If a company pays you a fixed sum of money towards HRA, exemption on the same may be claimed u/s 10(13A).
If a company provides you accommodation, the same shall be treated as a perquisite, valuation on the same shall be done under Rule 3(1).
Rgds/
Vineet
There is a difference between an allowance and an accommodation. If a company pays you a fixed sum of money towards HRA, exemption on the same may be claimed u/s 10(13A).
If a company provides you accommodation, the same shall be treated as a perquisite, valuation on the same shall be done under Rule 3(1).
Rgds/
Vineet
04 January 2008
Hi Purvi,
In my opinion HRA is totally taxable and accomodation provided by employer is taxable @ 15% or 20% of salary less rent paid to employer.
Regards,
Sandeep
In my opinion HRA is totally taxable and accomodation provided by employer is taxable @ 15% or 20% of salary less rent paid to employer.
Regards,
Sandeep
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
