Hra excemption


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Querist : Anonymous

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

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Querist : Anonymous

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


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