HRA Deduction in ITR
This query is : Resolved
12 August 2022
The Individual person drawing Gross Salary of Rs.795000/- Including HRA & Transport Allowance. He is residing in his own house.
Can he eligible to claim deduction in ITR of House Rent allowance u/s.10 (13A) & Transport Allowance u/s.10(14)(ii)
Can he eligible to claim deduction in ITR of House Rent allowance u/s.10 (13A) & Transport Allowance u/s.10(14)(ii)
13 August 2022
No. Both not eligible, except standard deduction of Rs. 50,000/-
Message likes :
1 times
17 August 2022
Per Explanation to s.10(13A), for Claiming HRA exemption, the recipient must not be occupying a residential accommodation owned by him and also the recipient assessee must have actually incurred expenditure towards payment of rent in respect of accommodation occupied by him.
As regards travel allowance, it will be covered u/s.10(14)(ii); there is no requirement of actual expenditure here, however such allowance must be related to the place of recipient assessee’s place of posting or residence. Amount exempted under this section will be to the extent as may be prescribed by department.
Author: Advocate Ravish Bhatt
Gmail: ravishdbhatt@gmail.com
Link to Linkedln Profile: https://bit.ly/3IDGfsU
As regards travel allowance, it will be covered u/s.10(14)(ii); there is no requirement of actual expenditure here, however such allowance must be related to the place of recipient assessee’s place of posting or residence. Amount exempted under this section will be to the extent as may be prescribed by department.
Author: Advocate Ravish Bhatt
Gmail: ravishdbhatt@gmail.com
Link to Linkedln Profile: https://bit.ly/3IDGfsU
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
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- Last year TDS Claim
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- TDS related Query_Liquidated Damages
- LTCG for Assmt year 26-27
- Free lancer income
- Long Term Service award taxability in hands of company
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
