Rent

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Vaibhav

Vaibhav (Querist)
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21 March 2011 If rent paid is 2500 or 3000 then rent receipt is required?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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21 March 2011 Yes. The same may be asked for if your file is selected for scrutiny so always keep the rent receipt in records.

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CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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21 March 2011 Yes, Rent receipts is required.. You have to keep the rent receipts if there is any proceeding under Income tax Act

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Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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21 March 2011 yes, its for your company records & HRA Calucation.its good to submit/keep in records to avoid any problem and confusion of calculation.

CA Navin Jain

CA Navin Jain (Expert)
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21 March 2011 documents needed to claim HRA exemption

If the HRA you are claiming is less than Rs. 3,000 per month, no proof is needed. But if the amount you are claiming is more than Rs. 3,000 per month, you would need the following:

Rent receipts
Rental agreement