17 March 2014
Is it now absolutely mandatory to submit PAN no of the landlord for the rent amount paid, as in many cases the landlord is reluctant in disclosing the same though the same is being insisted upon by the employer for the purpose of deduction of Income tax at source? Is there any other option?
17 March 2014
if the annual rent exceeds Rs 1 lakh, then it is compulsory to submit PAN details to the employer. If the landlord doesnt have a PAN, a declaration to that effect needs to be submitted.
In absence of the above, the employer is required to regard HRA as taxable.
However, that doesnt stop you from claiming HRA deduction at the time of filing the tax return and claim refund of excess tax deducted.