Hra above 1 lac

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omprakash (Querist)

13 February 2016 if don't have pan no. with my landloard and i paid rent above 1 lac then how can take exemption on full amount.

Nikhil Kaushik

Nikhil Kaushik (Expert)

13 February 2016 you can claim the eligible deduction under 10(13) in your tax return. However, your employer won't provide you any deduction while paying you monthly salary.

Rajan Kapoor

Rajan Kapoor (Expert)

13 February 2016 As per para 5.3.9 of circular 20/2015 of Income tax, if annual rent paid by the employee exceeds Rs 1,00,000 per annum, it is mandatory for the employee to report PAN of the landlord to the employer. In case the landlord does not have a PAN, a declaration to this effect from the landlord along with the name and address of the landlord should be filed by the employee.

Nikhil Kaushik

Nikhil Kaushik (Expert)

13 February 2016 Dear Rajan,

The said circular applies only to the employers with respect to their TDS compliances. The claim for HRA in the tax return is governed by Income-tax Act and the rules therein as they may apply. But no rule has been made for submission of PAN of landlord for making a claim for HRA deduction in the tax return. If the AO wishes to verify the claim made by the assessee, he can do so during assessment.

The para 5.3.9 itself provides that these are administrative measures. thats it.

omprakash

omprakash (Querist)

13 February 2016 nikhil sir , thanks i got point

omprakash

omprakash (Querist)

13 February 2016 thank you sir , i got point.

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