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HRA Rent claim

This query is : Resolved 

Mr A is leaving in the lease property paying Rs 2000000 . Can he claim HRA Deduction by providing rent receipts which is of 12% pa of lease amount i.e Rs 240000 which is equivalent to market rent to employer for claiming the HRA Deduction

No, as I understand, in this case, HRA exemption u/s 10(13A) cannot be claimed based on a notional value as no rent has actually been paid. Further, PAN of the building owner required if rent is >1 lac pa.

PAN Number of the owner will be provided

Do you have a revised rental agreement to this effect?
Also has the owner agreed to declare such rent as his/her income?

Convince Owner and get rent paid receipts along with PAN and submit to employer.



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