TaxTMI 
TaxTMI 
TaxTMI 
Exemption of HRA Claim
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....xemption of HRA Claim<br> Query (Issue) Started By: - Lav Prajapati Dated:- 16-2-2024 Last Reply Date:- 11-11-2024 Income Tax<br>Got 4 Replies<br>Income Tax<br>I would like to seek clarification on following issue 1. whether the location of the rented accommodation is mandatory to be in the same city as the company location for the purpose of HRA claim. 2. For claim exemption of HRA, we can pay....
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.... rent our parent. Reply By TANAY GHILDIYAL: The Reply: The house for which you are paying rent should be in the same city as the place of location of your job. If it is in 2 different cities , exemption cannot be claimed ( even if your parents are showing that income in their returns). Yes, in case you are paying rent to your parents and you have a formal lease agreement, then you are eligible ....
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....to claim HRA. Tanay Ghildiyal 9873938771 Reply By k.lakshmipati rao: The Reply: House Rent Allowance (HRA) is exempt u/s 10(13A) of I.T. Act and Rule 2A of I.T. Rules, subject to that the rented premises must not be owned by Assessee and, on actual payment of rent regularly on monthly basis for the house [which he occupies by reason of the fact that owing to his employment] resides at other ....
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....place in a building not belonging to him. Exemption is also available even if the rented house is owned by his/her parents, subject to actual payment of rent regularly on monthly basis [through bank transfer entry for evidence] and collect a receipt for HRA claim [Refer to Bajrang Prasad Ramdharani Vs. CIT - 2013 (8) TMI 103 - ITAT AHMEDABAD. However, similar rules don't allow against payment....
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.... of rent to spouse and claim a tax exemption. Reply By Lav Prajapati: The Reply: @TANAY GHILDIYAL Can you provide any reference in respect of like instruction, press release, notification , circular etc. ? Reply By k.lakshmipati rao: The Reply: I would like to draw your attention to read I.T. Rules,1962-Rule 2A [2* Limits for the purpose of Section 10(13A)] -at Page 1.2 and, Taxmann's Dir....
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....ect Tax Ready Reckoner- Para13.1 in Page No.A-24, for ready reference.<br> Discussion Forum - Knowledge Sharing ....