HRA & Rent Free Accomadation
This query is : Resolved
29 June 2010
i am auditing an university where VC is claim HRA and he is provided with rent free fully Furnished Accomadation . my doubt is that can universty should give HRA or not . is there any limit for HRA & DA (in this case it is 22% & 35% of basic)
CMA Ramesh Krishnan
(Expert)
29 June 2010
If the HRA and Rent free accmodation both provided
1. HRA fully taxable
2.Rent free accomodation is taxable as per valuation
1. HRA fully taxable
2.Rent free accomodation is taxable as per valuation
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