HRA u/s 10(13A)
This query is : Resolved
07 January 2011
I m having one house in my own name and i myself reside on rent and the company gives HRA to me.can i Claim the Exemption u/s 10(13A)?
07 January 2011
Hello Pardeep.
if you have a owned property in differ city and a rented house in differ city both exception can be claimed but the owned property shouldnt be rented.
but if you have owned and rented in same city it's normally couldnt be claimed. but in metros yoyu can prove the distance of the office and owned hose and then only you can claimed
if you have a owned property in differ city and a rented house in differ city both exception can be claimed but the owned property shouldnt be rented.
but if you have owned and rented in same city it's normally couldnt be claimed. but in metros yoyu can prove the distance of the office and owned hose and then only you can claimed
07 January 2011
Mam I agree with u,
But i need a strong reason to sustain my point as per me the same shall not be allowed becoz HRA is admissible to those persons who did not own there flat. but in my case my own house and the rented flat are in same bldg so what to do now
Pls give reply with some strong supportings
so i can argue with them
But i need a strong reason to sustain my point as per me the same shall not be allowed becoz HRA is admissible to those persons who did not own there flat. but in my case my own house and the rented flat are in same bldg so what to do now
Pls give reply with some strong supportings
so i can argue with them
07 January 2011
Hello Pradeep,
See as you mentioned section 10(13A) here and in this section nothing has been mentioned that on occupation of own house the assessee cannot claim HRA exemption. Therefore, if you are paying rent for rented property then on submission/producing of all required documents, eg, rent receipt, rent agreement, you can claim HRA deduction.
The rule that both houses should not be in same city is mentioned under section 80GG, where you do not get HRA amount and staying in rented premises.
Therefore, if you are getting HRA then you can claim deduction u/s 10(13A), there is not any problem.
regards
Dinesh S. Adhikari
See as you mentioned section 10(13A) here and in this section nothing has been mentioned that on occupation of own house the assessee cannot claim HRA exemption. Therefore, if you are paying rent for rented property then on submission/producing of all required documents, eg, rent receipt, rent agreement, you can claim HRA deduction.
The rule that both houses should not be in same city is mentioned under section 80GG, where you do not get HRA amount and staying in rented premises.
Therefore, if you are getting HRA then you can claim deduction u/s 10(13A), there is not any problem.
regards
Dinesh S. Adhikari
07 January 2011
There is no section in IT Act which prohibits a person from claiming exemption u/s 10(13A) and section 24(2(a)[self occupied house property], so you can claim exemption under both the section.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Disallowance of Section 43B(h) to sez units
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- GST Regis.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
