alleryStart learning →HRA exemption does not apply where the residence occupied by the employee is:
AShared with kin
BTaken on rent
CFar from office
DOwned by him
Answer & Solution
Correct answer: D. Owned by him
The explanation denies the exemption where the residential accommodation occupied is owned by the assessee.
Keep practising Salaries
Browse all Salaries questions for CA Inter, or explore more Taxation topics.
Related questions
Life insurance maturity sums are exempt except those received under which policy?Exempt travel concession from an employer for leave journeys covers places:HRA exemption fails if the employee has not actually:House rent allowance is exempt only to meet expenditure actually incurred on:A payment from an approved superannuation fund on the death of a beneficiary is:With employer contribution also present, interest on employee PF deposits above what yearlAccumulated balance of a recognised provident fund is exempt as provided in which rule?Payment from a provident fund under the Provident Funds Act, 1925 is: