Ramesh Narasimhan (Accounts Officer) (65 Points)
21 July 2011I work for a pvt company. My wife owns a house and can I enter in to a lease agreement and prove rent payments for HRA exemption
CA Mukul Mittal
(CA in practice)
(384 Points)
Replied 22 July 2011
you can claim exemption only if your spouse shows the amount of rent received from u in her income........there is no condition in income tax act to have the house on rent of smone other than in ur relation....
CAclubindia
