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HRA Exemption

Rajeev Nair (Finance Professional) (510 Points)

19 December 2009

Hi,

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

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3 Replies

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

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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