About hra u\s 10(13a)
This query is : Resolved
KOMAL AGRAWAL
(Querist)
12 February 2012
Sir
Is cheque payment is necessary to claim deduction in HRA ?
we had produced the Rent Agreement & Rent Receipt.
Either we had paid the the rent in cash because the landlord is super senior citizen and does not have Bank Account.
How can i claim the deduction u/s 10(13A).
Is cheque payment is necessary to claim deduction in HRA ?
we had produced the Rent Agreement & Rent Receipt.
Either we had paid the the rent in cash because the landlord is super senior citizen and does not have Bank Account.
How can i claim the deduction u/s 10(13A).
CA PARAS BAFNA
(Expert)
12 February 2012
Rent payment in Cheque is not mandatory if the monthly rental is below 20000/-.
.
For claiming deduction - you require-
HRA,SALARY and Rent Payment Obligation.
.
1. 40/50% of Salary ( 50% in Metro)
2. Rent Paid-10% of Salary
3. HRA.
Minimum of the three will be exempt HRA.
Balance amount of HRA will be taxable.
.
For claiming deduction - you require-
HRA,SALARY and Rent Payment Obligation.
.
1. 40/50% of Salary ( 50% in Metro)
2. Rent Paid-10% of Salary
3. HRA.
Minimum of the three will be exempt HRA.
Balance amount of HRA will be taxable.
KOMAL AGRAWAL
(Querist)
12 February 2012
Thank You Sir
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