hi friends,
if a salaried employee getting HRA from employer , can claim HRA deduction in his total income if he staying with parents. and he paid rent to his parents and parents issue rent receipts to his son.
pawan (service) (30 Points)
04 May 2008hi friends,
if a salaried employee getting HRA from employer , can claim HRA deduction in his total income if he staying with parents. and he paid rent to his parents and parents issue rent receipts to his son.
S R Singh
(Services)
(13 Points)
Replied 04 May 2008
Hi,
Yes, the deduction for HRA will be available as the basic condition for claiming HRA is being satisfied i.e. must stay in rested house, pay rent and obtain rent receipt. Even husband can claim HRA deduction if staying in a house owned by wife. Provided rent collected should be reflected as income in the return to justify the claim.
Thanks
SRSingh
Manoj Saxena
(CA Practice )
(13 Points)
Replied 04 May 2008
its better if a rent agreement is signed and notarized between the parties.bottom line is that the transaction should be genuine.
CA. Kirti S. Ganatra
(Service)
(1461 Points)
Replied 05 May 2008
Yes you can claim HRA deduction but you must full fill all condition
jaideep malik
(artical assistant)
(78 Points)
Replied 05 May 2008
CAclubindia
