ARE RENT RECEIPTS MANDATORY FOR HRA EXEMPTION?
This query is : Resolved
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TRUPTI NAINEKAR
(Querist)
27 May 2020
ARE RENT RECEIPTS MANDATORY FOR HRA EXEMPTION OR RENT AGREEMENT IS SUFFICIENT?
CA Sindhu KJ
(Expert)
27 May 2020
Rent receipts are required
27 May 2020
Please refer page 27 of CBDT Circular 4/2020 dated 16-01-2020.
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TRUPTI NAINEKAR
(Querist)
27 May 2020
What If the landlord is NRI we cannot take rent receipts from them due to their non availability and we have taken rent payment proof such as bank statement from the employees
27 May 2020
Any evidence can be shown as proof like Rent Payment Receipt, Agreement, Bank Statements or any certification or declaration on the same.
To bring certainty and uniformity, section 192(2D) provides that person responsible for paying (DDOs) shall obtain from the assessee evidence or proof or particular of claims such as House rent Allowance (where aggregate annual rent exceeds one lakh rupees);
To bring certainty and uniformity, section 192(2D) provides that person responsible for paying (DDOs) shall obtain from the assessee evidence or proof or particular of claims such as House rent Allowance (where aggregate annual rent exceeds one lakh rupees);
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