My wife is working in a govt. organization. My house is on my & mine mother's name. I am paying complete EMI of my house loan.
Is my wife is eligible to give rent to my mother according HRA exemption rule and get HRA benefit.
GGSSE (SSE) (33 Points)
27 April 2012My wife is working in a govt. organization. My house is on my & mine mother's name. I am paying complete EMI of my house loan.
Is my wife is eligible to give rent to my mother according HRA exemption rule and get HRA benefit.
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 27 April 2012
As she is not the owenr of the house property, she can pay rent to your mother & can claim HRA benefit. However the rent would be taxable in the hands of your mother..
the benefit of HRA & Home loan cannot be claimed at the same time for teh same house if the assessee is the owner of the HP.
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 27 April 2012
Yes, rent can be paid and accordingly, HRA benefit can be availed.
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