Hra excemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 January 2012
Hi,
I own a flat and live along with my parents.
This flat is regd in my name. Till FY 2009-2010 I claimed excemption on the home loan taken for the purchase of this flat.
Now the home lon is closed
How can i claim HRA excemption, if i transfer the ownership of this flat to my parent name would i be able to claim HRA Excemption.
I receive Rs.18000 as HRA
I own a flat and live along with my parents.
This flat is regd in my name. Till FY 2009-2010 I claimed excemption on the home loan taken for the purchase of this flat.
Now the home lon is closed
How can i claim HRA excemption, if i transfer the ownership of this flat to my parent name would i be able to claim HRA Excemption.
I receive Rs.18000 as HRA
04 January 2012
Even if you transfer ownership to parents and if u dont pay actual rent to parents u can not claim hra.
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 January 2012
If I transfer the ownership and pay rent can i claim excemption
what is the cost effective way of ownership transfer, this property is in Chennai
what is the cost effective way of ownership transfer, this property is in Chennai
04 January 2012
If you pay rent to your parents then you can claim for HRA.
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