Hello JI,
My query is regarding HRA. My owner does not have PAN number (or probably doesnt want to disclose for IT sake).
I have read on interenet that PAN is mandatory for rent above 15kpm or 1.8Lpa.
I am working only nine months in this financial year, paying rent of 20kpm. In my case, What happen in the cases where rent is above 15kpm but just 1.8lpa in a financial year?. Would I still require PAN number of my owner for HRA exemption purpose?. One of the suggestion I have received from my friend is to quote rent of 14.5kpm (eventhough I am paying more than that) so that I dont have to produce PAN number.
Your help will be greatly appreciataed.Pointers to the authoritative articles (like IT dept. HRA policy or so) which can be produced to accounts departments in office will be more respected.