CA. Rashi Goyal (Chartered Accountant) (512 Points)
15 June 2009Hi,
For providing benefit of HRA exepmtion to employees, the employer has to keep the original rent reciepts of rent paid by employees or photocopy can be maintained as proof from emplyees.
CA. Rashi Goyal
(Chartered Accountant)
(512 Points)
Replied 15 June 2009
Hi Gurdeep,
Can you please provide the provisio or section in the income tax act or any other case law in the support, that photocopy can be maintained.
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14477 Points)
Replied 15 June 2009
ITO can ask for original copy at the time of assesment from assessee. you can take a photocopy for your record only.
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 15 June 2009
Employer needs Rent Receipts in original, you may keep photocopy for ur own perusal.
Radheyshyam Falod
(CA)
(416 Points)
Replied 15 June 2009
Yes the rent receipt should be taken in original by the employer and the photocopy should be kept be the employee.
CA. Rashi Goyal
(Chartered Accountant)
(512 Points)
Replied 16 June 2009
Hi,
But in the income tax act it is no where mentioned that employer has to keep original copy in his records. Besides this employees prefer to file their income tax return in the circle of the city where they permanently resides. If there is any scrutiny case on the employee and if the office of the company, where he has given the rent reciepts has been closed, or transfered to any oher city or they did not give to employee at the time of assessment than how he is going to provide the original rent reciepts to the aseesing officer at the time of assessment. The landlord has also not filed his return than the tax burden will come to innocent employee, he will be going to be punished for no fault done.
CAclubindia
