Rent reimbursement
This query is : Resolved
26 July 2011
The employee has made rent agreement in his name and get reimbursed by the company.
What will be the expense head in the books of company ?
How it will be taxed in the hands of employee?Can the employee get HRA exemption?
What will be the expense head in the books of company ?
How it will be taxed in the hands of employee?Can the employee get HRA exemption?
26 July 2011
IF YOU RECEIVED RENT REIMBURSE IN THE TERMS OF HRA THEN U CAN CLAIM DEDUCTION OF HRA.
BUT IF ITS A PURE REIMBURSE ON THE BASIS OF RENT PAID SLIP THEN ITS EXPENSES OF COMPANY AND NOT TAXABLE IN YOUR HAND.
BUT IF ITS A PURE REIMBURSE ON THE BASIS OF RENT PAID SLIP THEN ITS EXPENSES OF COMPANY AND NOT TAXABLE IN YOUR HAND.
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