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'.
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.
BANSAL YOGESH AND CO
Gautam Budh Nagar
B.Com
View Details
Vakilsearch.com
Chennai
CA Inter
View Details
Chirag N Shah & Associates
Mumbai
CA Inter
View Details
CAclubindia
Pro
Modal body text goes here.
CAclubindia
