I pay house rent to my parents of Rs 6000/- p.m. Do i have to furnish details or proof as i dont have a contract or anything. I pay rent via cheque so it reflects on my parents name in the statements on his name. Is it necessary to show proof of house rent paid to parents while funishing details to my office accountant? and if yes would the bank statements do? Please reply it is urgent! ThankS
RE:HRA
by Rajalakshmi on Jul 31, 2007 04:30 PM
In this case you must treat your parents as any other landlord. You may need to show a rental agreement [if agreement is more than 11 months it should be in a stamp paper else stamp paper not necessary] and also submit rent receipts for each of the months from your parents as landlords. It is immaterial if u r paying thro' cheq or cash.
RE:HRA
by Lakshman Ganglani on Feb 12, 2008 05:10 PM
Is it mandatory to have an agreement on stamp paper if rent paid to parents. If YES, is there any other alternative.
Re: HRA
by gana on Feb 23, 2011 11:48 AM
you complsory attached the proof reason you pay father other purpose of payment so that amount what kind of rent assumention
My query is as below: I am in receipt of HRA from my employer. I am posted at Delhi but am constrained to retain my family at Indore. I share accomodation with my friends at Delhi but have rented a larger accomodation at Indore for my family. Hence the rent I pay at Indore is more than what I pay at Delhi. Am I eligible to seek HRA exemption on account of rent paid for Indore accomodation?
Thanking you in anticipation.
vijay singh my email id- vijaysingh_kaphola@yahoo.co.in
Re: RE:HOUSING RENT ALLOWENCE
by sanjay on Dec 02, 2011 11:44 PM
My Basic salary Rs.30,000/-,H R An Rs 3000,I give Rs 9000 to my dad as per live in license.so many Rs exemption to me as per income tax rule.
I pay house rent to my parents of Rs 6000/- p.m. Do i have to furnish details or proof as i dont have a contract or anything. I pay rent via cheque so it reflects on my parents name in the statements on his name. Is it necessary to show proof of house rent paid to parents while funishing details to my office accountant? and if yes would the bank statements do? Please reply it is urgent! Thanks
My query is as below: I am in receipt of HRA from my employer. I am posted at Delhi but am constrained to retain my family at Indore. I share accomodation with my friends at Delhi but have rented a larger accomodation at Indore for my family. Hence the rent I pay at Indore is more than what I pay at Delhi. Am I eligible to seek HRA exemption on account of rent paid for Indore accomodation?
I would like know how to get tax benfit, during construction stage when loan amount not fully taken from bank. However banker is charging interest on partially paid home loan. please clarify
RE:Home loan during construction
by on Jan 20, 2007 09:57 PM
during under construction phase u cant claim tax benefit on principal part as u r not paying it. Interest upto rs. 1.5 lacs is eligible for tax deduction apart from Rs. 1 lac tax deduction u/s 80C. u can show rent reciepts to claim tax benefit till u get possession of ur flat..
I have taken housing loan & my wife is co-applicant, I want to know how to split the principla & interest of the Housing loan EMI b/w husband and wife.
RE:How to split the principla & interest of the Housing loan EMI b/w husband and wife
by on Jan 20, 2007 09:55 PM
u hv to check how EMI is shared between u and ur wife? u will get the tax benefit in the same ration as per EMI's. and abt th esplit, EMI calculators are available at any financial institute..
I read the article on HRA part of Salary. In the article it is suggested that one can submit rent receipt from parents and get exemption for HRA. But if the House owner is self how he can get exemption? Is it possible?
RE:HRA exemption
by Roopesh Jindal on Jan 19, 2007 06:16 PM
to get exemption you will have to show that your parents are staying in the house owned by you and claim HRA for some other address by submitting appropriate rent receipts
