December 21, 2011 · 14 Comments
According to the notification issued by the Income tax department, now landlord PAN card is must to get tax exemption against HRA allowance. One will have to submit PAN card as a proof if he is applying for more than 15,000 Rs. as monthly rent which means from now on, he needs to submit original rent receipts as proof of rent as well as PAN card copy of the landlord to get the tax exemption on HRA.
Earlier only rent receipt was required to get the tax exemption but as per the latest notification from Income Tax Department, now one has to submit the PAN details of the landlord. This is mainly due to the increase in the no. of people who are producing false receipts to get the tax exemption.
Income tax department made it optional for the people earning less than 5 Lac Rs. to submit their IT return earlier this year,
In the case, if the landlord doesn’t own a PAN card, he must sign the self-declaration saying that he doesn’t have the PAN card and that copy must be submitted to the employer to get the HRA exemption.
Attaching the Self Declaration format of the Landlord : SELF_DECLARATION_BY_LANDLORD