Hy
We are 4 frnd living in rented appartment paying rent of 10000 rs per month
how can we calim HRA EXEMPTION in our itr
will it necessary to submit rent receipt, we usually paying rent in cash, we received no rent receipt from our landlord...
I'm paying 50000 tax on my salary, Is there any option to save tax
23 Replies
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 18 June 2022
Submit rent agreement, you may get your share of deduction. #10000/4 may considered for HRA Calculation
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 18 June 2022
You can claim exemption, no rent receipt required.
rama krishnan
(12239 Points)
Replied 19 June 2022
R u in receipt of hra? if yes, then you claim least of the following as hra exemption
1. actual hra received
or
2. rent paid in excess of 10% of salary
or
3. 40% or 50% of salary depending upon the city you live
if not
you claim 30000 (2500 X 12) as deduction under 80GG
1. actual hra received
or
2. rent paid in excess of 10% of salary
or
3. 40% or 50% of salary depending upon the city you live
if not
you claim 30000 (2500 X 12) as deduction under 80GG
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 19 June 2022
You can't claim HRA without a rent receipt or rent agreement since it is cash payment
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 19 June 2022
You are eligible to claim
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 19 June 2022
@ Amit ,
Rent may not reduce much tax in your case . So you may plan for investment in tax saving instruments like PPF , Tax saver FD , LIC etc
Rent may not reduce much tax in your case . So you may plan for investment in tax saving instruments like PPF , Tax saver FD , LIC etc
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 20 June 2022
What you want to say @ Sabyasachi ??
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 20 June 2022
You can claim the exemption without rent receipts also.
Claim 2500 as rent paid per month. Where the rent paid is less than Rs. 1 Lacs then PAN of the landlord is also not required.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 20 June 2022
Land Lord PAN is not required but can a person claim HRA without having proof for rent payment?
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 21 June 2022
He can as no proof required
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 21 June 2022
Without evidence can cause troubles.
Which Section says proof is not required?
Which Section says proof is not required?
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 21 June 2022
Practically not required , proof required only if case selected for scrutiny.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 21 June 2022
When a person is filing ITR then he must have to do it as per proofs and actual information available.
True and correct information should be filed irrespective wherever it is selected for scrutiny
True and correct information should be filed irrespective wherever it is selected for scrutiny
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