HRA Exemption
This query is : Resolved
22 May 2007
a person who is a salaried employee, gets HRA. He stays in a leased house for which he has paid a lumpsum amount at the beginning of the stay in that house which will be refundable at the end of the stipulated period. Can he claim HRA exemption U/S 10(13A) of the Income Tax Act 1961
23 May 2007
If it is refundable....then No Exemption
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10 June 2007
refundable portion can not be used for exemption of hra
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