HRA

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2011 Me & My hubby both are working in the same private company in Bangalore. We are sharing HRA 20000 & 10000. IS it compulsory to submit pan of owner? our owner is not ready to give pan no. shall we need to submit rent aggrement? All these are compulsory as per income tax department of India?

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
Follow

17 February 2011 Beyond a certain limit, companies do insist on more evidence for rent payment, beyond the mere rent receipts.

The IT circular has bestowed the liability on the salary disbursement officer to ensure that he/she is allowing any IT benefits to any employee on the basis of legitimate proofs. So, its on the understanding & practice of the company, they need to safeguard themselves against any IT notice, as any point of time they need to explain & justify any deductions that are allowed to any employee.

So these PAN or rent agreements are part of these safeguards & appropriately justified.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

vinod

sandhya.v

Suneel Shah

NICKOONJ VANANI

CA.K.RAMAKRISHNA. PRABHU

Subscribe Now

HRA

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Accountant

GST CONSULTANCY

CA Final

GST CONSULTANT