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Rent reimbursement

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(Querist)
26 July 2011 The employee has made rent agreement in his name and get reimbursed by the company.

What will be the expense head in the books of company ?

How it will be taxed in the hands of employee?Can the employee get HRA exemption?
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CA Navin Jain

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CA Navin Jain (Expert)
26 July 2011 IF YOU RECEIVED RENT REIMBURSE IN THE TERMS OF HRA THEN U CAN CLAIM DEDUCTION OF HRA.

BUT IF ITS A PURE REIMBURSE ON THE BASIS OF RENT PAID SLIP THEN ITS EXPENSES OF COMPANY AND NOT TAXABLE IN YOUR HAND.

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