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This query is : Resolved

mizbah khan (Querist)

25 July 2014 For claiming HRA, where rent paid is more than Rs. 1,00,000/-, the assessee needs to provide the PAN of landlord. Now where to put this landlords PAN in the ITR 2 utility?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

25 July 2014 PAN required to be furnished to employer only.
it is with reference to Section 10(13A) of the Indian Income Tax Act where salaried individual getting HRA is entitled for tax exemption, if house rent receipts are produced. If any employee pays monthly rent above Rs.8,333 per month then it is mandatory to furnish Permanent Account Number (PAN) of your landlord to the employer. Earlier it was required to be furnished if monthly rent was more than Rs.15000 per month.
As per the Circular No. 08/2013, dated 05-October-2013 issued by Central Board of Direct Taxes (CBDT), if annual rent paid by an employee is more than Rs.100,000 per annum, in that case the employee has to furnish PAN of the landlord to the Employer. However, for administrative ease, if an employee is drawing HRA up to Rs.3,000 per month then the employee is exempted from production of rent receipt.

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