Is HRA rebate deduction will get other than deductions under chapter VI ?
CA Shree Jain
(Chartered Accountant)
(1572 Points)
Replied 05 June 2010
Yes HRA rebate deduction will get other than deductions under chapter VI .
HRA Rebate will deduction from INCOME FROM SALARY.
and Deduction under chapter VI is from Gross Total Income.
Akhil Gupta
(Manager F&A)
(856 Points)
Replied 05 June 2010
AGREED..
HRA Rebate is governed by Sec10
And Deduction under chapter VI are different from Sec 10 Rebate.
Prejith
(Pursuing CA)
(92 Points)
Replied 05 June 2010
Agreed with the above answers.
Exemption for HRA is allowed u/s 10(13A) whereas section 80 deals with deductions.
varun gupta
(Senior Accounts Officer)
(89 Points)
Replied 06 June 2010
Ya they all have one opinion and all are correct.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
