Individual paying rent to own huf
This query is : Resolved
14 June 2014
Hi,
I am an individual and received a property from my father as a gift by proper forming gift deed and paying stamp duty.
Now i am married and want to create my own HUF in that case can i pay rent to my own HUF and avail HRA exemption as i am salaried person.
Point to keep in mind :- Property is in the name of me being individual not my HUF as that was not exist that time.
I will pay rent to my own HUF and will take HRA exemption on the basis of that?
Please resolve the query and also let me knwo if i require to transfer property to my HUF?
I am an individual and received a property from my father as a gift by proper forming gift deed and paying stamp duty.
Now i am married and want to create my own HUF in that case can i pay rent to my own HUF and avail HRA exemption as i am salaried person.
Point to keep in mind :- Property is in the name of me being individual not my HUF as that was not exist that time.
I will pay rent to my own HUF and will take HRA exemption on the basis of that?
Please resolve the query and also let me knwo if i require to transfer property to my HUF?
14 June 2014
for that u first need to transfer the ownership to huf of urs and then u can do so
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 out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
