Bad News for Salaried Individuals!!!

Is ther any specific format for Declaration by LandLord that He doesn't have PAN??

Also is it mandatory to submit Rent receipt from Landlord?? Does any1 have specific format for that? on stamp paper or plain paper??

Thanks for the update...

 

Hi

No effect on exemption. Employee will get same benefit which they were getting before. 

Now they have to submit PAN no. of landlord too employees if their rent payment exceed Rs. 1 lac p.a.

Rent receipt is required to submit to employer if rent paid is above Rs. 3000/-

There is no requisite for submitting Rent Agreement to landlord.

A general declaration by employer along with its Address will be sufficient, not required to give it on stamp paper.

Thanks//VaibhavJ

@ Keshav

There is no link here between thresh hold limit for TDS on rent & Circular in discussion.

U/s10(13) there i a requirement wherin an employee has to submit PAN no. of landlord if they are paying rent above Rs. 1 lac p.a. So employer is not required to ensure TDS deduction by an employee.

First of all employee being an individual never does not deduct TDS while remitting rent keeping aside few exception.

Pl refer cir. no. 8/2012 issued last year & also go through this circular 8/2013.

Do revert if you have still query.

Thanks//VaibhavJ

Landlord declaration is attached herewith.

Thanks//VaibhavJ

Vaibhav,

Thanks for your value Addition. & Attaching Declaration Format.

Now the Limit are like this...

Every time they have changed how our basic exemption limit has been changed, but this time something different...

Perfect Ayushji..

Thanks for initiating thread this will help many people.

Is it mandatory to submit Rent receipt from Landlord??to the employer?? for HRA...

Does any1 have specific format for that? on stamp paper or plain paper??

Will rent reciept matter if the Rent agreement is Registered..???
 

@ shikha

Upto Rs. 3000/- employee is not required to submit Rent receipt from Landlord to Employer. So above Rs. 3000 it is mandatory for employer to collect the same.

Even if agreement is submitted Rent receipt is mandatory.

Format is available at: https://img.docstoccdn.com/thumb/orig/145898510.png

Thanks//VaibhavJ

Originally posted by : @ VaibhavJ
	@ Keshav   There is no link here between thresh hold limit for TDS on rent & Circular in discussion.   U/s10(13) there i a requirement wherin an employee has to submit PAN no. of landlord if they are paying rent above Rs. 1 lac p.a. So employer is not required to ensure TDS deduction by an employee.   First of all employee being an individual never does not deduct TDS while remitting rent keeping aside few exception.   Pl refer cir. no. 8/2012 issued last year & also go through this circular 8/2013.   Do revert if you have still query.   Thanks//VaibhavJ

Thanx for the valuable update bro. 

Hi Aiyappanji

Thanks for acknowledgement & kind appreciation!