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HRA with parents then collecting as gift by son / daugher

Tax queries 93 views 2 replies

jagdish chhugani

engineer

1072 Points Joined March 2013

Tel me son getting HRA benefits from parents staying in same house , occupying Space in same apartment, under 50k no need agreement only rent receipt required to submit in company, same or less amount returned as gift father or mother to son , gift is free as per law , do IT can start quiry.

Replies (2)

Rama chary Rachakonda

Master in Accounts & high court Advocate

8756 Points Joined December 2011

Once you know the HRA claim amount, use the right ITR form and file for your ITR by following these steps:

Enter your salary in 'Salary as per provisions contained in section 17(1) ' in Form 16 - Part B.
Enter the HRA calculated above under 'Allowances exempt u/s 10' in the ITR 1 (select 10(13A) in the drop-down menu)