HWITH CONCESSIONAL UNFURNISHED ACCOMADATION

This query is : Resolved

nitin kumar vijay (Querist)
Follow

18 March 2008 A COMPANY PAID HRA 1500/- P.M. TO HIS EMPLOYEES & PROVIDES ROOM IN HIS OWN BETCHLER HOSTAL IN SHARING (TWO EMP. IN ONE ROOM) AND DEDUCT 500/- P. M. FROM SALARY OF EMPLYEE.
IS LIABLE FOR PERQUISITE AS RENT FREE /CONCESSIONAL UNFURNISHED ACCOMADATION OR NOT? IF NOT THAN RENT 500/- PAID BY EMP. WILL CONSIDERED IN CALCULATION OF HRA EXEMPRION [U\S 10(13A)].

pushpendra

pushpendra (Expert)
Follow

18 March 2008 RS. 500/- will be considered as rent paid in calculation of Exemption u/s 10(13A)

And it will also be added in perks for rent free accommodation.

OR

if Perks is calculated as per concessional rate then Rs. 500/- will not be considered in calculation of exemption u/s 10
(13A) as rent paid.

You can take the benifit of rent paid at one place only

nitin kumar vijay

nitin kumar vijay (Querist)
Follow

18 March 2008 Thanks a lot

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

R B Pethe

Amit Bhatkar

Devendra Singh Jyala

Nilesh Manek

Konijarala prasad

Subscribe Now

HWITH CONCESSIONAL UNFURNISHED ACCOMADATION

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA