HRA
This query is : Resolved
04 May 2011
I am provided accomdation facility at concessional rate by my employer can i claim duduction of HRA.
04 May 2011
since you live in a accommodation at concessional rate by your employer, you can not claim HRA benefit simultaneously..
The concession is a taxable perquisite.
The concession is a taxable perquisite.
04 May 2011
Does your employer provide you accommodation facility at concessional rate?
If yes then you can claim HRA(Subject to maximum limit).In this case what you pay to employer will be the deemed as rent.
Accommodation facility at concessional rate is a perquisite & HRA is an allowance, they are not relating to each other.
Also perquisites would be added to your income and would be taxable, while HRA exemption can be claimed upto the defined limit.
If yes then you can claim HRA(Subject to maximum limit).In this case what you pay to employer will be the deemed as rent.
Accommodation facility at concessional rate is a perquisite & HRA is an allowance, they are not relating to each other.
Also perquisites would be added to your income and would be taxable, while HRA exemption can be claimed upto the defined limit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
