PAN of landlord in case of HRA

What is the upper limit of rent after which the PAN of landlord is required? Can you confirm whether it is 1.8 lacs or it has been increased to 2.0 lacs p.a.?

Thanks

asked Feb 05 '13 at 18:11 by Mayank Gupta 1222

Its Rs. 100000/- per annum according to new circular
(Apr 13 '14 at 17:08) RitzPru

As per Central Board of Direct Taxes (CBDT) circular no. 05/2011, dated 16-8-2011,

If annual rent paid by the employee exceeds Rs 1,80,000 per annum, it is mandatory for the employee 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.

It was in reference to minimum exemption tax slabs for that year.

This year slab has been increased to 2 lakh, so this limit for reporting PAN has also been raised to 2 lakh in CIRCULAR NO. 8/2012 [F.NO. 275/192/2012-IT(B)], DATED 5-10-2012. Now it says:

if annual rent paid by the employee exceeds Rs. 2,00,000 per annum, it is mandatory for the employee 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.

answered Feb 13 '13 at 01:59 by Pankaj Batra 5.2k320

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Hi Sir, I am Andrew, a working professional based in Gurgaon. I'm planning for a family after three years. May I know what is the minimum amount required to be living in gurgaon. My monthly income is Rs.22k. Regards, Andrew
(Apr 04 '14 at 11:14) Andrew Chyne
Andrew, Its hard to tell what's the minimum expense for living in Gurgaon with family. It all depends on your lifestyle, but yes, if you have your own home, 20K per month should be minimum with a kid (not going to school).
(Apr 04 '14 at 13:17) Pankaj Batra

There is a new rule regarding this. Now landlord's PAN is needed if rent exceeds Rs. 1 lakh p.a or Rs. 8,333 per month. It is applicable from this year. You can read more about this rule in this article - www.investmentyogi.com/landlord-pan-mandatory-for-rent-over-1-lakh-p-a/

answered Dec 04 '13 at 13:02 by A V Suresh 0

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Asked: Feb 05 '13 at 18:11

Seen: 3,738 times

Last updated: Apr 13 '14 at 17:08