Rules for claiming hra !!!

Tax planning 361 views 2 replies

 

A LOOK AT THE RULES
  • CBDT circular says rentals of over Rs 1.8 lakh a year need the owner’s PAN
  • Those paying rent to parents’ or spouse’s flat will need to show PAN
  • Owner needs to give declaration in absence of PAN
  • HRA payment can be traced through owner’s PAN
  • Cash rentals mostly practised when HRA is huge, hence the threshold of Rs 1.8 lakh
  • Owner’s PAN, if not furnished before due date, may result in HRA benefits being withdrawn

 

Replies (2)

Thanx  Ayush ji 4 Providing us Information...............

Thanx  Ayush ji 4 Providing us Information...............


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