Hra is a part of salary & rent paid 144000 in a year

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 January 2014 I paid rent 84,000/- for 7 months (12,000/- per month) to the house owner A and 60,000- for 5 months (12,000/- per month). (both in New Delhi)

total rent paid(84,000) to owner A is below Rs. 100,000/- for the year 2013-14. Similarly rent paid(60,000) to owner B is also below Rs. 100,000/- for the year 2013-14,
There should not be any requirement to submit the proof of PAN of both owner

Whether, in this case I have to submit PAN of both owner to the Income Tax Department?

Basic 250,000
Actual HRA 150,000
Rent Paid(144,000) - 10% of Basic Salary(25,000)
119,000
50% of Basic Salary 125,000
least of 150,000 / 119,000 / 125,000 = 119,000
(without PAN of both owners)

Dear experts,
thanks in advance.

@VaibhavJ

@VaibhavJ (Expert)
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16 January 2014 Hi

It is mentioned if annual rent paid by an employee is more than a lakh rupee then PAN no of landlord is mandatory, so if you have to give PAN of Both Landlords.

Refer pg. 25 caclubindia.s3.amazonaws.com/cdn/forum/files/33834_1239625_income_tax_circular_08_2013.pdf

Thanks!!

Querist : Anonymous

Querist : Anonymous (Querist)

16 January 2014 Can you please specify what is mentioned in rule/act of income tax, exact phrase if possible.

Thanks.

@VaibhavJ

@VaibhavJ (Expert)
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16 January 2014 Pl refer pg. no.25, it is highlighted in yellow.

Thanks

Querist : Anonymous

Querist : Anonymous (Querist)

17 January 2014 unable to find or clcik on the link.
Further, i manually type the link on web, not working.

@VaibhavJ

@VaibhavJ (Expert)
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17 January 2014 pl refer: https://www.caclubindia.com/forum/files_download.asp?msg_id=1239625