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Hra query

C.A. Sandeep Wawhal (Chartered Accountant PGDFM BCom.) (1823 Points)

01 July 2016

Friends,

Can rent agreement be used as valid proof for claiming deductin under HRA ? Bcz rent recepit not available.

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3 Replies

Rajasekhar (Student CA Final ) (58 Points)
Replied 01 July 2016

No. It's not possible.
No Receipt is required if rent does not exceed 36000 P.A.

Vishal Goel (Chartered Accountant) (1688 Points)
Replied 02 July 2016

You need to submit proof of rent paid through rent receipts, for which only two need to be submitted, one for the beginning of the year and one towards the end of the financial year. It should have a one rupee revenue stamp affixed with the signature of the person who has received the rent, along with other details such as the rented residence address, rent paid, name of the person who rents it etc.
agree with Rajasekhar, No Receipt is required if rent does not exceed 36000 P.A.

C.A. Sandeep Wawhal (Chartered Accountant PGDFM BCom.) (1823 Points)
Replied 02 July 2016

If owner refuse to give rent receipt and said you can leave my house but i will not give you recept, agreement is final. Then can IT Officer give shelter ?