08 March 2009
Say I receive HRA amount of Rs. 1,50,000/- p.m.and with basic of Rs.300,000/-p.m. The rent paid is Rs. 1,25,000/- p.m.
Do maintain a Guest-cum-office room at the residence in Metro. Do I get some admissibility for furnishing this room or maintaining it, from the point of view deductions under the relevant setin applicable for Income Tax payment
CAclubindia
