Rent paid in excess of 1 lakh

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 January 2015 hi i want to know if i show rent paid more than 1 lakh in a financial year, i need pan card of landlord & rent agreement.

But if i show rent paid 80,000 to one landlord & 80,000 to other landlord, i still need rent agreement & pan card of landlord.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 January 2015 Only PAN No. is required for rent payment more than 1 lakh. Splitting will not be helpful.

Salaried taxpayers, who want to claim I-T exemption on house rent allowance exceeding Rs one lakh per annum, will have to obtain the PAN card number and other details of their landlord on a plain A-4 size paper before submitting it to their employer.

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Querist : Anonymous

Querist : Anonymous (Querist)

13 January 2015 in that of case both owners pan no. is required or one of them, if they are joint owner of property

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 January 2015 Both the PAN Nos are required if they are joint owners.

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