Chartered Accountant in Practise
1678 Points
Joined December 2009
If per annum rent is more than Rs1,00,000/- u have to provide PAN of Owner to avail HRA exemption.
If there is no custom followed by land lord of providing rent receipts , please insist on drafting lease/ rent agreement. Any ways neither the Dept.nor employer dont ask to attach these documents to IT return. If employer insists, an affidavit serves the purpose. Circular do not mention whether notary has to sign or not. But commonly, please make affidavit with notary's sign.
Bank statements and Rent agreement serve the purpose.
If landlord objects for providing his PAN, the tenant has to mention the facts in plain paper and submit to his employer.
The so called circular is not comprehensive over other details.
Regards.