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HRA deduction

SAYED MUJEEB (ACCOUNTANT) (101 Points)

25 August 2011

Assesse is not having RENT RECEIPT, though all rent payment is thorugh corss cheque, rent agrement is also available. can assesse calim HRA

Imployer didnt considered HRA benifit in form 16 as assesse did not have rent receipt.

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5 Replies

Nirav (Accountant) (595 Points)
Replied 25 August 2011

Rent reciept is necessary though rent agreement is made and all payments are made thru crossed cheque. Without rent reciept, no HRA claim.

1 Like

Monica (student - CA Final) (83 Points)
Replied 25 August 2011

Yes, the assessee can claim the benefit of HRA. The house owner can be asked to issue a receipt

1 Like

SAYED MUJEEB (ACCOUNTANT) (101 Points)
Replied 25 August 2011

is there any specific formet for rent receipt. or on any receipt books available in stationery shop can be used.is normal one rupees stamp & signature on receipt is suffician ?

nmfico (Student) (57 Points)
Replied 26 August 2011

IT companies usually accept a consolidated rent receipt for all 12 months with name and address of rent reciever along with crossed cheque nos .given for the amount along with your pan card number . It needs to be signed by owner.

format

Name of person (renter)

Address of rented property

Pan card details

Month--Date of payment--Crossed Cheque no- Amount

Revenue Stamp

Signed - Owner

Name and Address of Owner of HP

TRILOCHAN (SENIOR ACCOUNTANT) (698 Points)
Replied 31 August 2011

Are yaar agar cheque main rent de raha hai, to tension kis bat ki, stationary soap se rent receipt lelo aur bhar ke dedo, kam khatam...........................