17 February 2012
dear experts, suppose an employee is staying in NRI property in India for rent and pays a rent of Rs. 2,40,000 in the entire year but remitted the same amount without deducting TDS as the NRI does't have PAN card, and then sumit the Rent rceipts for HRA exemption, will that be considered.??
17 February 2012
If the employee have income source only as salary, i mean to say he dont have income for which he is liable for audit under income tax act then he need not deduct tax at source from rent. Hence no matter he is deducting tds or not. The receipts will be considered for hra calculations