HRA Exemption
This query is : Resolved
24 May 2011
Sir
To claim the maximum tax rebate against the HRA, employee submits rent receipt 60% of his basic pay. If the basic pay is 150000, they submits rent receipt of 90000 to claim full HRA rebate. Is merely submitting the rent receipt correct OR the employer can ask some other document such as lease papers etc to check the authenticity of the rental claim. Is there anything in the Act regarding the same? Please clarify
Thanks
To claim the maximum tax rebate against the HRA, employee submits rent receipt 60% of his basic pay. If the basic pay is 150000, they submits rent receipt of 90000 to claim full HRA rebate. Is merely submitting the rent receipt correct OR the employer can ask some other document such as lease papers etc to check the authenticity of the rental claim. Is there anything in the Act regarding the same? Please clarify
Thanks
24 May 2011
employer may ask any document related to any deduction /exemption claimed by employee to to ensure that the deduction is claimed in right way.
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
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Form 121 & TDS deduction
- ITR U for F.Y-2024-2025 From Yesterday
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
