Exemption u/s 10(13a)

Kashish Gupta (B.com (H) , ACA) (368 Points)

06 August 2013  

Hi Friends,

Greetings of the day.

I have one query on which i need your advice.

One person is a partner in a partnership firm. He is getting salary along with HRA. Now, i want your opinion on availability of HRA Exemption to such person. Whether exemption is still allowed even if his salary income is taxable under head 'Profits and Gains of Business & Profession'.