V V G Sarma (28 Points)
17 May 2021
veerendar singh
(tax consultant)
(3301 Points)
Replied 17 May 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 17 May 2021
Excerpts from section 10(13A):
any special allowance specifically granted to an assessee by his employer to meet expenditure actually incurred on payment of rent (by whatever name called) in respect of residential accommodation occupied by the assessee, to such extent as may be prescribed having regard to the area or place in which such accommodation is situate and other relevant considerations.
So I think the exemption cannot be claimed in respect of Bengaluru property
Sivaramaraju G
(Learner)
(2398 Points)
Replied 17 May 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 17 May 2021
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 17 May 2021
Not eligible for Bangaluru property rent. You can take HRA benefit only for Gujrat property rent paid.
veerendar singh
(tax consultant)
(3301 Points)
Replied 17 May 2021
CAclubindia
