Exemption u/s 10(13a)

Others 351 views 1 replies

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'.

Replies (1)

no.Interest and remuneration received from firm is taxable as Business income not taxabole under the head salaries.so H.R.A  exemption can  not be claimed.


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