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Hra - rent agreement

Sachin Waje (Taxation Executive) (102 Points)

20 March 2013

Dear All,

I am paying house rent to my mother ... For HRA Purpose, is it mandaory to submit Rent Agreement or Rent Receipt is sufficient .

Regards

Sachin Waje

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4 Replies

sailesh mandani (Auditor) (351 Points)
Replied 20 March 2013

rent receipt is sufficient ya but you actually transfer the amount to your mother account and your mother shows the exact anount of rent received as income from house property so that at the time of your assessment you don't get trouble.

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Ganeshbabu K (Audit and Tax Advisory) (48564 Points)
Replied 20 March 2013

Rental agreement is not necessary

YOUR COMPANY may Ask PAN CARD COPY OF YOUR OWNER

See subclause 9 in clause 5.3

in circular 8/2012, dated 5/10/2012

You can confirm with following circular

https://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=CIR&schT=&csId=b6b49d91-602b-44e0-a5e2-b6edf7373fbd&crn=&yr=ALL&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws

Jnan (HGHG) (32 Points)
Replied 21 March 2013

Agreement is not required to be obtained, only Rent Reciept is sufficent.The employer may ask to give PAN of Landlord if the Rental amount exceeds Rs.1.8 Lacs(p.a). Further, the one is not require to submit rent reciept if Rent is below Rs3000/- P.M

Ramanuj (Accountant.) (834 Points)
Replied 21 March 2013

Only rent receipt is suffient. rent agreement is not valid for HRA Claim. & your mother have shown in Income from House Property & Excess Rent paid Rs. 15000.00 P.M required Landlord PAN No..

Thanks

Regards

Ramanuj