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HRA For Income Tax

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(Querist)
12 January 2011 If a person is getting HRA as a part of salary, but he is staying in his own house, whether he can claim actual HRA received as deduction from salary while calculating tax liability
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
12 January 2011 NO.

Section 10(13A) requires 2 conditions for claiming HRA exemptions:



1. The residential accommodation occupied by the assessee should not be owned by himself; and

2. The assessee has actually incurred expenditure on payment of rent in respect of the Residential accommodation occupied by him.
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Renjith.R.s.

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Renjith.R.s. (Querist)
12 January 2011 Thanks .........
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Sunil Kr. Sanganeria

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Sunil Kr. Sanganeria (Expert)
12 January 2011 if a person owns house in the same locality or city in which one is employed, than HRA will not be available
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
12 January 2011 no he can not
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
12 January 2011 Exemption u/s 10(13A) for HRA will not be available if a person resides in his owns house and entire HRA shall be taxable !!

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