Hra exemption

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A Practicing CA
70 Points Posted on 01 February 2015

Hello,

Pls help me with the following issue:y

Mr. A and His mother Mrs.B are the join owner of a residential house property.

Can mr. A claim HRA exemtion by showing that he is paying Rent for the portion owned by Mrs.B to Mrs. B ( His mother).

and

in second case

if B is a friend of mr. A.

Reply ASAP.

 

Thank You. 

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On 01 February 2015 at 13:54 Report
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assistant
54 Points Posted on 01 February 2015
In first case - no exemption can be claimed because he is living in his own house, hence all HRA receipts from employer is taxable u/h salary (sec. 10(13A))
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On 01 February 2015 at 14:26
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assistant
54 Points Posted on 01 February 2015
In the second case - he has paid rent to a friend Mr. B, the least of the following is exempt 1. Actual rent received 2. Rent paid - 10 % of salary 3. 40 % of salary Here salary means (basic + DA + COMMISSION based on turnover )
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On 01 February 2015 at 14:30

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