House Rent Allowance
This query is : Resolved
01 January 2020
Dear sir,
If client is staying in Leased property, can't we claim HRA by calculating interest at bank FD rates? or something like that?
Kindly suggest.
If client is staying in Leased property, can't we claim HRA by calculating interest at bank FD rates? or something like that?
Kindly suggest.
02 January 2020
you are paying installments for a finance lease which at the end of the period ownership transfers to you. The basic element of Rent is missing. So HRA cannot be claimed in this regard.
02 January 2020
Dear sir,
It is actually lease property where client doesn't pay any instalment, it is only one time payment and after lease period property goes to the owner. In such case can assessee claim HRA.
It is actually lease property where client doesn't pay any instalment, it is only one time payment and after lease period property goes to the owner. In such case can assessee claim HRA.
02 January 2020
If it is for one financial year than yes you can claim.. the condition is rent should have been actually paid
02 January 2020
Dear sir,
Lease period is 5 years. Lease amount is paid in 2018 and property can be used till 2023. Can we claim HRA?
Lease period is 5 years. Lease amount is paid in 2018 and property can be used till 2023. Can we claim HRA?
03 January 2020
Yes you can claim HRA.
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