Rajeev Nair (Finance Professional) (510 Points)
19 December 2009Hi,
Is it mandatory to have a renewed Rent Agreement to claim the expenses towards House Rent- Or rent slip would be sufficient-
I am getting Rs.800/- as Conveyance and the same is mentioned on my Salary slip - do clarify on this if any special treatment to be given while calculating tax liability on this.
Thanks
VICKY
(CA-Final)
(68 Points)
Replied 19 December 2009
It is not ompulsory to have Rent Agreement to claim deduction u/s 10(13A) It may Vary in Organisation to organisation according to their memorandom & regulations . Rent Reciept is a sufficient evidence to show your employer for claiming deduction .
& in Conveyence allowance it is exempt upto Rs. 800 Per month hence it will not affact tax liability
P-A-W-A-N
(TAX - MANAGER AT GURGAON)
(541 Points)
Replied 19 December 2009
| Originally posted by : Shambhu Nath | ||
 |
It is not ompulsory to have Rent Agreement to claim deduction u/s 10(13A) It may Vary in Organisation to organisation according to their memorandom & regulations . Rent Reciept is a sufficient evidence to show your employer for claiming deduction . & in Conveyence allowance it is exempt upto Rs. 800 Per month hence it will not affact tax liability |
 |
yes it true
Ansari
(ca final)
(444 Points)
Replied 20 December 2009
| Originally posted by : Shambhu Nath | ||
|
It is not ompulsory to have Rent Agreement to claim deduction u/s 10(13A) It may Vary in Organisation to organisation according to their memorandom & regulations . Rent Reciept is a sufficient evidence to show your employer for claiming deduction . & in Conveyence allowance it is exempt upto Rs. 800 Per month hence it will not affact tax liability |
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