Hra taxability

This query is : Resolved

CA MUNIR M.BASHIR BAGWAN (Querist)
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22 February 2013 IF RENT IS GIVEN TO MOTHER WHO OWNS HOUSE THEN HRA RECEIVED FROM COMPANY WILL BE TAXABLE? THERE IS GENUINE TRANSACTION & PROPER RENT AGREEMENT MADE BETWEEN MOTHER & SON.

CA Suraj Lakhotia

CA Suraj Lakhotia (Expert)
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22 February 2013 HRA will be exempt to the extent provided in section 10 (13A) of Income Tax Act.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 February 2013 Dear Munir,

it doesn't matter if you are paying rent to your mother, father, brother etc etc etc.

As long as the proper documentation is there as an evidence, HRA claim shall be allowed.

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CA MUNIR M.BASHIR BAGWAN

CA MUNIR M.BASHIR BAGWAN (Querist)
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25 February 2013 Thank you very much both of you.