Tax planning

This query is : Resolved

CA. Niranjan Kumar (Querist)
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08 February 2014 there are three party- one high class salaried person, second sub lessor and third is land lord. Land lord does not want to disclose their PAN. Is the following tax planning possible, so that PAN of land lord remains undisclosed and salaried person may claims its maximum HRA limit:
sub lessor and land lord make rent agreement having rent Rs. 8000 pm and salary person and sub leasor make rent agreement for rent 21000 pm.
Now salaried person claims HRA by quoting PAN of sub leasor and sub leasor disclose rental income under other source head.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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10 February 2014 just for discussion sake..well you just saved disclosure of PAN. how you gonna save him from GAV computation when instead 8k pm, 21k pm may be adopted as expected rent!!

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