Hra

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)
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26 July 2013 Whether your son is "Job less" or a Minor? 70% of Rental Income earned by him will be taxable.
.
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.
.

Querist : Anonymous

Querist : Anonymous (Querist)

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

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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27 July 2013 For claiming HRA exemption by an Individual
.
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.
.
Check the conditions and claim accordingly.
.

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