I am a salary indvidual & also Karta of HUF. The family home which I was staying belongs to HUF. I want to know if I can pay rent to HUF and claim tax benefit for the same. We are a nuclure family, with no other sibling.
Rajan Gumnani (Service) (114 Points)
23 April 2009I am a salary indvidual & also Karta of HUF. The family home which I was staying belongs to HUF. I want to know if I can pay rent to HUF and claim tax benefit for the same. We are a nuclure family, with no other sibling.
PiyushAgrawal
(Chartered acooutant in practice)
(575 Points)
Replied 23 April 2009
| Originally posted by :Rajan Gumnani | ||
| " | I am a salary indvidual & also Karta of HUF. The family home which I was staying belongs to HUF. I want to know if I can pay rent to HUF and claim tax benefit for the same. We are a nuclure family, with no other sibling. | " |
I think u shud not claim Rent because assesse and his HUF any one have any house property in city[where he working] than he can not claim Rent.
shailendra
(students)
(59 Points)
Replied 23 April 2009
| Originally posted by :Rajan Gumnani | ||
| " | I am a salary indvidual & also Karta of HUF. The family home which I was staying belongs to HUF. I want to know if I can pay rent to HUF and claim tax benefit for the same. We are a nuclure family, with no other sibling. | " |
yes, u cn pay rent nd cn claim tax benefit 4 d same u\s 80GG since HUF itself is a seperate entity.
Aakhri Pasta
(Hell Froze Over)
(171 Points)
Replied 23 April 2009
Shailendra is right. But still u have to pay tax on House propery income.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
CAclubindia
