Hra exemption

Tax queries 1178 views 11 replies

ROHIT

ACCOUNTS MANAGER

96 Points Joined June 2009

Hello friends,

I am staying in rented house in delhi past 4 years.

but my landlord never provide rent receipt my rent is Rs.10,000 P.M including electricity and water charges. but never provide rent receipt or his PAN number. now as per new rules i need to give declaration. so if i provide declaration about his name and address. He will surely get notice from income tax. then i need to leave that place. because he will then give room to students who doesn't require rent receipt or even agreement also.

my child studying in near areas school. how to overcome this problem. i don't want to give my landlord declaration.

Replies (11)

SAURABH NENE

Chartered Accountant

226 Points Joined June 2009

You are required to file declaration in respect of Rent for HRA Exemption, onlt if rent paid in a year exceeds Rs. 1,80,000/-. Then only you are required to quote PAN No. of your landlord. In your case as the monthly Rent is Rs, 10,000/- i.e. Rs 1,20,000/- in a year, you are not required to file any declaration. You can claim HRA benefit by submitting Copy of Rent Agreement to your employer. You can submit other proof of payment od Rent like Bank Statement instead of Rent Receipt.

ROHIT

ACCOUNTS MANAGER

96 Points Joined June 2009

Originally posted by : SAURABH NENE
	You are required to file declaration in respect of Rent for HRA Exemption, onlt if rent paid in a year exceeds Rs. 1,80,000/-. Then only you are required to quote PAN No. of your landlord. In your case as the monthly Rent is Rs, 10,000/- i.e. Rs 1,20,000/- in a year, you are not required to file any declaration. You can claim HRA benefit by submitting Copy of Rent Agreement to your employer. You can submit other proof of payment od Rent like Bank Statement instead of Rent Receipt.

Thanks saurabh but from oct 2013 onwards limit reduced to 1,00,000/- that's my concern.

Mihir

Wealth Manager

5293 Points Joined December 2008

You seem very sure that your landlord will receive a notice from income tax if you declare his PAN.

ROHIT

ACCOUNTS MANAGER

96 Points Joined June 2009

i am taking precautionary measure. because i am staying here past 4 years. if he get noticed surely i need to leave that room.

manoj katara

Service

209 Points Joined August 2009

Simply Bifarcate the Heads & then show seperately.

Rent Component Seperate Suppose 8000/- p.m.

Rest Electricity & Water Suppose Rs 2000/- p.m

will not qualify for deduction under HRA and dont show in rent receipt

hope it may serve your purpose & your problem may be solved.

CA Neha Agrawal

830 Points Joined June 2008

Please note PAN of landlord is to be declared if rent paid in a year exceeds Rs. 1.00 lakhs.

And not Rs. 1.80 lakhs as mentioned above.

amit kumar

Student CA Final

123 Points Joined March 2013

Can any one Provide the notification about the limit reduced to 1 lakh?

shrinath

CS Final and CA Fina

65 Points Joined January 2009

PAN need to be declared in case rent payment exceeds inr 1lakh per annum

Ravindra Nagda

37 Points Joined December 2008

As per new circular, now if you pay more than Rs. 1 Lakh per annum as rent then you have to give PAN of your landlord to your company & if your landlord has not PAN then you have to give a declaration of it to your company in a specific format.

It is not mandatory that Income Tax Department will send a notice to every landlord who declare that he has not any PAN, so be patient.