Consolidted rent Receipt for HRA exemption

Tax queries 3943 views 1 replies

Hi,

   I have taken  accomodation for rent for Rs5200 per month and will be geting HRA exemption above the 10% of my basic.

 

I do have the rent agreement but I have not been disciplined enough to take a rent receipt since I did not know about the HRA benefit. Now that I have been reading that rent receipts are a must for HRA exemption, I was wonderingif I can get a consolidated rent receipt for the

whole year from my landlord or get individual receipts for all the months together. Also what kind of official stamp is required on the same. I would be grateful if someone helps me with this.

Regards,

Siva

Replies (1)

Dear Siva,

You can ask ur landlord to sign atleast quarterly receipts. i.e. (4 receipts for the year)

like for

april-june (1 receipt)

july-sep

oct-dec

jan-mar

for Stamp. you can use

1 Rs. Revanue Stamp. (you can purchase this from any post office in india)

Thanks

Praveen


CCI Pro

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