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Pan of landlord mandatory

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ATMANANDA DAS (Querist)
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28 December 2011 Producing the PAN of the landlord is essential if the HRA claims Rs. 15000/- .

it is effected from which date.

is it applicable for the Previous Year 2011-12.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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28 December 2011 As per the new circular issued by the Income Tax department, employees claiming HRA exemption by producing the rent receipt, will have to mandatorily quote the PAN of landlord/s to the employer where the rent paid exceeds Rs.1,80,000/-per annum. In case the landlord/s does not have a PAN, the employees’ need to collect a declaration duly signed in the format from the landlord and submit to the employer. This declaration form needs to specify clearly, the name and address of the landlord/s. In the absence of any of the above, no HRA exemption will be extended to the employee.applicable for the FY-2011-12 vide Circular No– 05/2011 - dated 16.08.2011

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