HRA For Income Tax
This query is : Resolved
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
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.
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.
12 January 2011
Thanks .........
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
12 January 2011
no he can not
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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