08 July 2011
kindly clarify the status in case of shares accommodation provided by employer to 3 employees owned by employer for the purpose of rfa under income tax act
08 July 2011
It is an interesting case. Each employee (X, Y and Z) has been given a rent free accommodation.
They may decide mutually and inform to the employer that the perquisite to be added in the hands of Z only. X and Y are dwelling there in the capacity of friends of Z.
10 July 2011
I disagree with the experts. If all are getting HRA then each of them can claim 1/3rd of rent paid and the balance shall be taxable as per the provision of section 10(13A).
If employer is paying the rent and not deducting anything then 10% is to be added as perquisite.
CAclubindia
