House Rent allowance
sunil rehapade (47 Points)
15 February 2020
is the house rent allowance not applicable for assessment year 2020-21
sunil rehapade (47 Points)
15 February 2020
Rakesh Tapadia
(Proprietor)
(32 Points)
Replied 15 February 2020
Sujit Talukder
(service)
(719 Points)
Replied 15 February 2020
The exemption for House Rent Allowance u/s 10(13A) is squarely applicable for AY 2020-21.
From AY 2021-22, if you remain in the old regime of taxation then exemption for House Rent Allowance u/s 10(13A) will apply. However, if you opt for the new tax regime as provided under section 115BAC then you will not be able to claim the exemption for House Rent Allowance u/s 10(13A).
Hope this clarifies.
Sujit Talukder
www.taxcorner.co.in
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