Hra

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 July 2013 My spouse and I stay in my son's apartment, which was gifted by my spouse. Can we claim HRA for rent paid to our son?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

26 July 2013 Whether your son is "Job less" or a Minor? 70% of Rental Income earned by him will be taxable.
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I can not say it a good tax planning or even advise not to adopt such practices so that hardship to genuine Rent paying employees could be avoided.
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Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2013 he is neither 'Job less" nor "Minor"

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

27 July 2013 For claiming HRA exemption by an Individual
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1. The Individual must be in employment or service.
2. His employer provide HRA .
3. He has taken a house on rent.
4. Rent Agreement or receipts are being submitted to the employer for claiming exemption.
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Check the conditions and claim accordingly.
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