PLEASE GUIDE ME TO KNOW IF AS PER THE PROVISIONS OF THE ACT, IS RENT PAID BY THE SON TO FATHER ACCEPTED FOR CALCULATION OF TAXABLE HRA....
CA Yogesh
(CA)
(77 Points)
Replied 24 December 2010
Hi Janani,
First of all there is no relation of MASTER and SERVANT between Father and Son,hence rent given by son to father is not to be considerd for calculation of HRA.
CAclubindia
