HRA receipt

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accountant
461 Points Posted on 08 June 2020
if rent paid 4000 monthly there is no agreement but rent paid to owner through bank monthly.

rent receipt is mandatory for HRA deduction.
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On 08 June 2020 at 08:23 Report
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To claim House Rent Allowance (HRA) for tax deductions, a rent receipt is generally mandatory. The landlord's PAN card details must be included on the receipt if the annual rent exceeds £1 lakh. If rent is paid below this threshold, the PAN may not be necessary. Landlords typically declare this rental income under the 'Income from house property' head.

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Profession
28269 Points Posted on 08 June 2020
Yes rent receipt is mandatory quoting the pan number of the landlord.

Now landlords will show it under Income from house property head.
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On 08 June 2020 at 08:59
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7 Points Posted on 17 June 2020
PAN not necessary if rent paid below 1 Lakh.
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On 17 June 2020 at 23:44

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