Hra excemption

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2012 Hi,

I own a flat and live along with my parents.
This flat is regd in my name. Till FY 2009-2010 I claimed excemption on the home loan taken for the purchase of this flat.

Now the home lon is closed

How can i claim HRA excemption, if i transfer the ownership of this flat to my parent name would i be able to claim HRA Excemption.

I receive Rs.18000 as HRA

vipul Shah

vipul Shah (Expert)
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04 January 2012 Even if you transfer ownership to parents and if u dont pay actual rent to parents u can not claim hra.

Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2012 If I transfer the ownership and pay rent can i claim excemption
what is the cost effective way of ownership transfer, this property is in Chennai

Pragnesh

Pragnesh (Expert)
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04 January 2012 If you pay rent to your parents then you can claim for HRA.

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