I was working for 1st 3 months of year 2009 . I have only received HRA for Apr & May 09 . I stay in a rented house . I have paid rent for all 12 months now. what is the Tax Benefit I can avail ?
Menu
Tax benefit on HRA
Replies (1)
Dear Sir,
As a principle, Exemption cannot exceed the income..........hence maximum amount that can be claimed exempt is the amount of HRA which you have received..........so its for April & May u can claim HRA as exempt............
Further, I think benefit of Rent paid for the months of June onwards shall not be allowed u/s 80GG, since assessee was getting HRA.
From next year u can claim rent of 12 months u/s 80GG provided u r not in receipt HRA.......
Recent Topics :
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
Related Topics :
CAclubindia
