Sir,
Is employees required to produce rent receipt to avail HRA Deduction under Sec 10(13) of IT Act, 1961 to the employeer who is responsible to deduct TDS from the taxable Income of the employees irrespective of rent amount??? Please mention the notification/circular of IT Deptt against the same.
Thanking You
Pradip Saha
Exemption for Rent Receipts
Employees who receive HRA up to Rs. 3,000 per month are not required to submit receipts for proof of rent paid. This is only for concession of TDS & for regular assessment of the employee, the Officer will be free to make such enquiry as he deems fit for the purpose of satisfying himself that the employee has incurred actual expenditure on payment of rent or not.
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