HRA : Employers liability reg. rent receipt above 10000/-

This query is : Resolved

CMA. Subhash Kumar Jha (Querist)
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18 February 2009 Sir,

We are a pvt ltd co. Our employees claim HRA benefit based on rent paid by them & receipt submitted thereof.

I want to know, what is the employer's liability regarding the rent receipt if the rent paid is actually 10000 or more ?

Do we need to collect the PAN details of landlord also from our employees ?

Pl reply & oblige.

Subhash Jha

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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18 February 2009
Collect the Rental Agreement alongwith receipt. If pan is collected it will be a good identification for the tax department but not compulsiory. And also collect latest tax paid receipt of the owner of the building.

CA Abhishek Bagaria

CA Abhishek Bagaria (Expert)
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19 February 2009 Statutorily it is not mandatory to collect the PAN No. of the owner of the building. But collecting it will be helpful for justification to tax authorities.

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