14 January 2014
If we are claiming HRA exemption u/s 10 of Income Tax act,1961 for the rent paid as tenant, there is requirement as to Furnish the PAN no. of Landlord if Rent paid is equal to or more than 1lac p.a.
My question is what will be the scenario if this rent of 1 lac or above is paid to more than 1 owner as Co owners of House as landlord , Then whether the PAN of both the CO Owners is required to be furnished???
Is the limit of 1lac or more is per owner or only P.a.??