House Rent Allowance

Hi Anu,

As per section 10(13) of I T Act 1961any expenditure in relation to residential accomodation is exempted to the extenet specified under rule 2A.

Now, the word residential accomodation is not defined under I T Act or I have not heared any judicial pronouncement on it.

In view of above, it is gud enough to take a risk for allowing exemption on such amount to the extent of amount eligible under rule 2A. If you wanna be conservative you know the answer.

Regards

Anu

As you told there is seprate aggrement for paying rent of furniture in that case it is not allowed in Rent but why shoudn't go for the composite aggrement of rent then you will allowed a composite rent.

SORABH