15 March 2011
Sir, we provide HRA(Rs.4500) to Employee 7 he paid rent Rs. 4000(in Metro). Which amount is taxable or exempt? Rent receipt is required in this case or not. Tell me when rent receipt & Rent agreement required.
16 March 2011
Data insufficient to calculate the claim of HRA. Therefore, u may see CBDT circular 8/2010 dated 13/12/2010 ,particularly clause 5.2(9),in www.incometaxindia.gov.in for HRA calculation and for the rent receipt requirement.
CAclubindia
