Hra exemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 November 2013
I am paying house rent above 10000 per month (with rent agreement). As per new circular, tenant has to submit PAN of owner incase annual payment exceeds Rs 1 Lacs. I want to know incase owner is not willing to provide the PAN, whether I can claim HRA exemption based on actual paid amount as per agreement?
CMA Ramesh Krishnan
(Expert)
08 November 2013
You can claim till the Rent Rs.1 lakh if house owner not provide the PAN.
But, house owner liable to provide the PAN as per income tax rules since he is getting rental income of more than Rs.1 lakh per annum. insist him to provide, otherwise you will pay tax on his income
But, house owner liable to provide the PAN as per income tax rules since he is getting rental income of more than Rs.1 lakh per annum. insist him to provide, otherwise you will pay tax on his income
08 November 2013
i) PAN is required.
ii) In case the landlord does not have a PAN , a declaration to this effect from the landlord should be filed by the employee.
If either of the two is not given to the employer, in all probability, your claim for HRA will not be considered by the employer for the purpose of TDS.
ii) In case the landlord does not have a PAN , a declaration to this effect from the landlord should be filed by the employee.
If either of the two is not given to the employer, in all probability, your claim for HRA will not be considered by the employer for the purpose of TDS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Wrong CMPo8 file
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
