02 January 2020
you are paying installments for a finance lease which at the end of the period ownership transfers to you. The basic element of Rent is missing. So HRA cannot be claimed in this regard.
02 January 2020
Dear sir, It is actually lease property where client doesn't pay any instalment, it is only one time payment and after lease period property goes to the owner. In such case can assessee claim HRA.
CAclubindia
