Is there any possibility of claiming any kind of deduction against House Rent allowance if the assessee is living at his own residence or not making any expense for payment of rent??????
Is there any possibility of claiming any kind of deduction against House Rent allowance if the assessee is living at his own residence or not making any expense for payment of rent??????
No. He cannot claim exemption if he doesnt pay any rent. The condition is that he should pay rent in excess of 10% of salary.
No, HRA rules are very specific
| Originally posted by :CA. Rajeev Aggarwal | ||
| " | No, HRA rules are very specific | " |
he cannot do so.
| Originally posted by :pawan | ||
| " | Originally posted by :CA. Rajeev Aggarwal " No, HRA rules are very specific " he cannot do so. |
" |
no . bcos HRA condition is not allowed for the same
Thank You all.
yeah, that's true. the person can not claim any deduction if he does not pay any rent.
If you look it practically every body is claiming deduction even if they are living with parents.......you jsut need to but rent reciept and 1rupee revenue stamp and show that you are paying rent to your Dad, or Mom,or Wife, or son or, daughter etc.
But yes as per Law it is not possible.....still there are ways to crack the Law.
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