Hi,
The Income Tax Department has recently released Circular No. 08/2013 F.No. 275/192/2013-IT(B) dated 10.10.2013, in which it has been stated that an employee claiming House Rent Exemption (HRA Exemption) must report the PAN of the landlord to the Employer/Company if the annual rent paid exceeds Rs. 1,00,000 (one lakh) per annum.
The circular specifies that if the landlord does not have a PAN, the employee can provide a declaration to the employer, including the name and address of the landlord.
Regards,
Ramesh G
From India, Chennai
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40The Income Tax Department has recently released Circular No. 08/2013 F.No. 275/192/2013-IT(B) dated 10.10.2013, in which it has been stated that an employee claiming House Rent Exemption (HRA Exemption) must report the PAN of the landlord to the Employer/Company if the annual rent paid exceeds Rs. 1,00,000 (one lakh) per annum.
The circular specifies that if the landlord does not have a PAN, the employee can provide a declaration to the employer, including the name and address of the landlord.
Regards,
Ramesh G
From India, Chennai
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This rule is in force for the last 3 FYs. — — — — — — — — — — — — — -Pon
From India, Lucknow
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From India, Lucknow
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Hi,
You are correct, but the amount varies. Initially, it was at a value of Rs. 180,000 per annum, and last year it was Rs. 200,000 per annum. However, this year, the I.T. Department has reduced it to Rs. 100,000 per annum.
I hope this information is helpful to everyone.
From India, Chennai
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You are correct, but the amount varies. Initially, it was at a value of Rs. 180,000 per annum, and last year it was Rs. 200,000 per annum. However, this year, the I.T. Department has reduced it to Rs. 100,000 per annum.
I hope this information is helpful to everyone.
From India, Chennai
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Dear Ramesh,
Thanks for the details.
Is there any change after CIRCULAR NO: 08/2013 F.No. 275/192/2013-IT(B) dated 10.10.2013.
I am residing in Chennai and pay more than a Lakh per annum as house rent through cash mode. I applied for HRA exemption with my payroll team for the rent paid during the financial year 2017 - 18.
I have submitted a ‘ No PAN’ declaration from landlord wherein the landlord signed that he /she does not have any taxable income and hence have no PAN.
I submitted rental agreement along with rental receipts also.
But my company doesn’t accept those as stating the reason ”Staff who had paid rent in excess of Rs.1 lakh per annum have not submitted PAN of the landlord. It is mandatory for the employer to obtain PAN of the landlord for granting HRA exemption to staff”. And also my company revoked my HRA exemption claim.
Please advise whether this decision from the company is right or wrong?.
Please support.
From India, Chennai
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Thanks for the details.
Is there any change after CIRCULAR NO: 08/2013 F.No. 275/192/2013-IT(B) dated 10.10.2013.
I am residing in Chennai and pay more than a Lakh per annum as house rent through cash mode. I applied for HRA exemption with my payroll team for the rent paid during the financial year 2017 - 18.
I have submitted a ‘ No PAN’ declaration from landlord wherein the landlord signed that he /she does not have any taxable income and hence have no PAN.
I submitted rental agreement along with rental receipts also.
But my company doesn’t accept those as stating the reason ”Staff who had paid rent in excess of Rs.1 lakh per annum have not submitted PAN of the landlord. It is mandatory for the employer to obtain PAN of the landlord for granting HRA exemption to staff”. And also my company revoked my HRA exemption claim.
Please advise whether this decision from the company is right or wrong?.
Please support.
From India, Chennai
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