Is there any possibility of claiming any kind of deduction against House Rent allowance if the assessee is living at his own residence or not making any expense for payment of rent??????
Prabeer (B. COM (H) CA & CS Final) (5484 Points)
27 November 2008Is there any possibility of claiming any kind of deduction against House Rent allowance if the assessee is living at his own residence or not making any expense for payment of rent??????
CA Chaitanya
(PRACTISING CA)
(4283 Points)
Replied 27 November 2008
No. He cannot claim exemption if he doesnt pay any rent. The condition is that he should pay rent in excess of 10% of salary.
CA. Rajeev Aggarwal
(Chartered Accountant)
(3424 Points)
Replied 27 November 2008
No, HRA rules are very specific
CA Pawan Lakhotia
(Infosys Limited)
(202 Points)
Replied 28 November 2008
| Originally posted by :pawan | ||
| " | Originally posted by :CA. Rajeev Aggarwal " No, HRA rules are very specific " he cannot do so. |
" |
CA Shree Jain
(Chartered Accountant)
(1572 Points)
Replied 28 November 2008
no . bcos HRA condition is not allowed for the same
9949033514
(student)
(61 Points)
Replied 08 December 2008
yeah, that's true. the person can not claim any deduction if he does not pay any rent.
CA Sunny Sharma
(Service)
(234 Points)
Replied 08 December 2008
If you look it practically every body is claiming deduction even if they are living with parents.......you jsut need to but rent reciept and 1rupee revenue stamp and show that you are paying rent to your Dad, or Mom,or Wife, or son or, daughter etc.
But yes as per Law it is not possible.....still there are ways to crack the Law.
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