Hra exemption
Digambar Kundaram (Pune) (65 Points)
24 January 2012Digambar Kundaram (Pune) (65 Points)
24 January 2012
Digambar Kundaram
(Pune)
(65 Points)
Replied 24 January 2012
Phalgun
(Audit Manager)
(327 Points)
Replied 24 January 2012
According to Section 10(13A), an assessee can claim House Rent Allowance as exemption only of following conditions are fulfilled :
a.) The assessse has actually incurred rent expense on accomoidation occupied by him.
b.) The assessee is not the owner of the accomodation occupied.
So in your case you are not a tenant as one house is owned & other let out .
valji
(Accounts manager-MBA)
(2150 Points)
Replied 24 January 2012
mr phalgun explian to you
if for business or service pupose you live diffreant city & paying rent for the same
you can claim exemption