CBDT vide circular :08/2013 dated 10 Oct 2013 has made mandatory that If annual rent paid by the employee to his/her land lord exceeds Rs 1,00,000 per annum, he/she will have to report PAN of the landlord to the employer. In case the landlord does not have a PAN, a declaration to this effect from the landlord along with the name and address of the landlord should be filed by the employee.
earlier limit was Rs 15,000 pm when PAN of owner was must.
For FY 13-14, submission of PAN of landlord is must if rent exceed Rs 8,333/-pm.
From India, Delhi
6earlier limit was Rs 15,000 pm when PAN of owner was must.
For FY 13-14, submission of PAN of landlord is must if rent exceed Rs 8,333/-pm.
From India, Delhi
Please note that Rs 1 Lakh per year is different from Rs 8,333 per month. For example, if an employee lives in a rented house for 10 months and pays Rs 90,000 as rent during the year, the employee need not submit the PAN of the landlord even though the monthly rent of Rs 9,000 is more than Rs 8,333. Please take a look at our blog post for our thoughts in this regard.
Tax Exemption on HRA - PAN of the Landlord « Hinote Systems - Outsourced Payroll Services & Online Payroll Software
From India, Madras
Tax Exemption on HRA - PAN of the Landlord « Hinote Systems - Outsourced Payroll Services & Online Payroll Software
From India, Madras
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Revised Transfer Claim Form Circular dated on 25-Jul-2013.pdf