How to claim HRA on rent paid to parents2 min read 09 Oct 2022, 11:27 PM IST
As per the provisions of Section 10(13A) of the Income-tax Act,1961, house rent allowance (HRA) exemption is not available where the accommodation occupied by the assessee is owned by him or the assessee has not actually incurred expenditure on payment of rent
Is a rent agreement necessary for claiming house rent allowance (HRA) exemption if you pay rent to your parents? Is it sufficient to provide proof like rent receipts, direct credit of rent to parent’s bank account or TDS (tax deducted at source) on rent payments?
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