Claiming of HRA

1015 views
User Avatar

Propreitor
72 Points Posted on 03 January 2023

I have salary income + Rental Income 
Can i claim hra, if i have rental income ?

1 Reply Share Follow
On 03 January 2023 at 18:59 Report
Replies (5)
Quick Summary
This discussion clarifies the eligibility for claiming House Rent Allowance (HRA). Generally, you can claim HRA if you are paying rent and not living in your own property. It's important to note that HRA is tax-exempt, not taxable, and the exemption amount can sometimes exceed the income tax payable. The relevant section for this is Sec 10(13A) RULE 2A.

User Avatar

Finance
4592 Points Posted on 03 January 2023

If you live in your own home, hra cannot be claimed

Reply
On 03 January 2023 at 19:52
User Avatar

3145 Points Posted on 03 January 2023
House rent allowances are partly taxable??
1 Reply
On 03 January 2023 at 20:04
User Avatar

Finance
4592 Points Posted on 03 January 2023

Its not taxable but tax exempt. I asked a question today if IT must be reduced by the HRA Exemption and it is still in moderation. HRA exempt is bigger than normal Income tax payable sometimes. 

Reply
On 03 January 2023 at 20:53
User Avatar

CA
1248 Points Posted on 03 January 2023

Yes, if you are not living in your own house and paying rent.

Reply
On 03 January 2023 at 21:37
User Avatar

Profession Business
28246 Points Posted on 04 January 2023
Sec 10(13A) RULE 2A
Reply
On 04 January 2023 at 12:27

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Company 3 months old, INC-20A not filed, all 3 of
  2. How do I choose the Best GST Lawyers in New Delhi
  3. Loss on sale of residential flat after indexing al
  4. Short Deduction
  5. Large mismatch between AIS Business Receipts and G
  6. Income tax on Australian Stipendiary Steward on 3
  7. INCOME TAX SECTION 92E
  8. Queries on Tax Invoice and GST
  9. Income Tax Auditor Tenure for Small Companies
  10. Sec 8 company sec 12ab reg

More recent discussions | Post

Related Topics :

Loading