Query regarding HRA.
This query is : Resolved
Guest
Guest
(Querist)
26 July 2010
Dear Experts,
A is a salaried individual.
Due to delay in producing the rent receipts by A, employer deducted the necessary tax and issued Form 16, where there is no HRA deduction.
Query
Whether A can claim the actual rent paid of Rs.6000/- p.m. by his own computation and file the Income Tax Return ?
Ans : .................
By doing so, will there be any disallowances by Assessing Officer due to mismatch of Form 16 (Salary) and the Income Tax Return. (A has actually paid and is able to produce the rent receipts / a letter from the House Owner confirming the rent received by him. All payments are through NEFT only)
Ans : .................
Experts may speak out from their real experiences. Thanks for all.
A is a salaried individual.
Due to delay in producing the rent receipts by A, employer deducted the necessary tax and issued Form 16, where there is no HRA deduction.
Query
Whether A can claim the actual rent paid of Rs.6000/- p.m. by his own computation and file the Income Tax Return ?
Ans : .................
By doing so, will there be any disallowances by Assessing Officer due to mismatch of Form 16 (Salary) and the Income Tax Return. (A has actually paid and is able to produce the rent receipts / a letter from the House Owner confirming the rent received by him. All payments are through NEFT only)
Ans : .................
Experts may speak out from their real experiences. Thanks for all.
26 July 2010
Form 16 is only a internal document between employer & employee. Figures of form 16 & that of actual ITR can vary.
I have seen many instances where form 16 has been issued based on fewer amt of 80C rebate, whereas the employee has actually done investments under 80C for more amount.
This can always be altered in the ITR. The only figure which can't be changed is the Tax deducted at source.
I have seen many instances where form 16 has been issued based on fewer amt of 80C rebate, whereas the employee has actually done investments under 80C for more amount.
This can always be altered in the ITR. The only figure which can't be changed is the Tax deducted at source.
26 July 2010
AGREED, YOU CAN CLAIM ANY DEDUCTION IN HIS ITR WHETHER IT IS SHOWN IN FORM 16 OR NOT.
JUST LIKE DEDUCTION FOR 80G WHICH IS NOT CONSIDERED BY EMPLOYEE FOR TAX DEDCUTION, YOU CAN CLAIM IT. AND ANY OTHER DEDCUTION WHICH YOU NEED TO CLIAM, BUT YOU HAVE NOT CLAIMED IN FORM 16, YOU CAN CLAIM IT IN ITS ITR.
JUST LIKE DEDUCTION FOR 80G WHICH IS NOT CONSIDERED BY EMPLOYEE FOR TAX DEDCUTION, YOU CAN CLAIM IT. AND ANY OTHER DEDCUTION WHICH YOU NEED TO CLIAM, BUT YOU HAVE NOT CLAIMED IN FORM 16, YOU CAN CLAIM IT IN ITS ITR.
Guest
Guest
(Querist)
26 July 2010
Dear Friends,
Thank you so much for your replies.
Still, I would like to mention :
I am aware of HRA under section 80GG (Deduction for rent paid where no HRA is rceived. Maximum eligible amount is Rs.24,000/-).
I would like to have the 'eligible' higher amount than Rs.24,000/- as per the regular HRA computation.
Whether I can use regular HRA computation (in the absence of deduction in Form 16) and avail the benefit and mention in the ITR and claim refund.
I need some more clarity, please.
Thank you so much for your replies.
Still, I would like to mention :
I am aware of HRA under section 80GG (Deduction for rent paid where no HRA is rceived. Maximum eligible amount is Rs.24,000/-).
I would like to have the 'eligible' higher amount than Rs.24,000/- as per the regular HRA computation.
Whether I can use regular HRA computation (in the absence of deduction in Form 16) and avail the benefit and mention in the ITR and claim refund.
I need some more clarity, please.
26 July 2010
Your case is not of "HRA not recd" but its a case of HRA recd but IT benefit not given in form 16.
So, in your case , regular HRA calculation will apply.
So, in your case , regular HRA calculation will apply.
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- ASMT-10 received from A O
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- TAX AUDIT QUESTION
- LIABILITY ADJUSTMENT
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
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
