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
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