Condonation of Delay – Requirements of a valid AFFIDAVIT in support of delay condonation application
Fw: TaxGuru : “Tax Benefits – House Rent Allowance (HRA) Vs. Rent Free Accommodations (RFA)” plus 0 more
Posted: 25 May 2013 06:51 PM PDT
In case the House Rent Allowance (H.R.A.) is provided then there will be a tax savings (Please refer Valuation sheet for details). The above mentioned savings is mainly because of the methods Income tax act and Rules employs for valuation of taxability of H.R.A and Rent Free Accommodations (R.F.A.).