income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 July 2011
Sir,
I want to know that whether an individual employed on contractual basis in an organisation, can claim rent expenditure u/s 30 for the building in which he is residing, or he will have to claim u/s 80GG for the purpose of computing the total income under the head business profession. Please advice.
Thanks & Regards
Pradeep
I want to know that whether an individual employed on contractual basis in an organisation, can claim rent expenditure u/s 30 for the building in which he is residing, or he will have to claim u/s 80GG for the purpose of computing the total income under the head business profession. Please advice.
Thanks & Regards
Pradeep
22 July 2011
If he is getting the House Rent Allowance then only he can claim the exemption u/s 10(13A) in which various limits are mentioned
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 July 2011
Sorry to say that I am not convinced. As I said, the person is in contractual employment and he is showing his income under the head PGBP. Please advice me.
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