Hra exemption - urgent query

Tax queries 572 views 1 replies

Hi,

I want to claim HRA exemption for the rent paid by my father from my employer.

1. Rent agreement is in the name of my father till 15-Jan-2015 only which will be renewed after that. Will I be given exemption for all months or only 10 months?

2. Landloard will issue rent receipts in the name of my father only. Will I get exemption of HRA if I give declaration to my employer that my father not claiming HRA exemption and have taken rent from me to pay our landlord?

3. Can a consolidated rent receip/declaration from fathert for full F.Y. be given or should it be monthly basis?

Pls give circular /notification from CBDT if any to support your answer.

Thanks.

Replies (1)
You can claim HRA only if YOU Pay it. House rent paid by your father can be claimed by him. Income tax means tax on your income & you can claim any expenditure incurred by you only.


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