sachin (asf) (25 Points)
11 April 2015Kindly tell me about my query I need advice...
my query is.. if a salaried person getting HRA in his pay and he is a working in metro city. he is a proper from same city. and liivng with his own house.( not in rented place) Therefore he is not get benefit of HRA exemption.
But after marriage he is living with wife on rented place in same city..
Is he can take benefit of HRA calculation?
CA HAYEDAR SHAIKH
(Practice )
(622 Points)
Replied 11 April 2015
Dear Sachin,
An employee can claim exemption on his HRA under the Income Tax Act if he stays in a rented house and is in receipt of HRA from his employer. In order to claim the deduction, an employee must actually pay rent for the house which he occupies.
Amrita vyas
(chartered accountant)
(2600 Points)
Replied 11 April 2015
Agreed with above....
But sachin what about old house...whether it is in name of employee...whether it is given on rent if yes then he can't take benefit of HRA
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