Rules for claiming hra !!!

CA AYUSH AGRAWAL (Kolkata-Pune-Mumbai) (26986 Points)

05 January 2013  

 

A LOOK AT THE RULES
  • CBDT circular says rentals of over Rs 1.8 lakh a year need the owner’s PAN
  • Those paying rent to parents’ or spouse’s flat will need to show PAN
  • Owner needs to give declaration in absence of PAN
  • HRA payment can be traced through owner’s PAN
  • Cash rentals mostly practised when HRA is huge, hence the threshold of Rs 1.8 lakh
  • Owner’s PAN, if not furnished before due date, may result in HRA benefits being withdrawn