Skip to main content

If Landlord Not Giving PAN. How To Claim HRA Tax Benefits in India ( updated 2018)

If the annual rent paid by the employee exceeds Rs. 1 lakh per annum, it is mandatory for the employee to report PAN of the landlord to the employer. The tax law also says that in case the landlord does not have a PAN, a declaration to this effect from the landlord along with the name and address should be filed by the employee. Can you claim HRA (house rent allowance) if the landlord is not providing you his/her PAN?  

Tax experts say that an employee can still claim tax benefits under HRA in his or her tax return. 
Even if the employer does not allow HRA exemption to the employee - due to non-availability of PAN or declaration by the landlord for not having PAN, the employee still has the option to claim it at the time of filing the income tax return, says Sandeep Sehgal, director of tax and regulatory at Ashok Maheshwary & Associates LLP. "Once a person is to file his/her income tax return, there is no requirement to furnish the PAN of landlord," he adds.


My owner is not giving me his PAN number, can I file income taxes against him? If yes, then how?

1. If you are paying your rent by cheque or online transfer, when you are filing your taxes you can clain HRA with the help of a CA. I have done this for 2 successive years. Provide the CA with your bank statement having filtered monthly Rental transfer.

2. Here is ultimate solution for finding the PAN of your landlord. 
First of try to know the date of birth of him . ( Give him birthday gift, talk to his children/ mother wife ......use your IQ)
Try to know exact last name at least . Full name very good !
Go to tax department site to find PAN Know Your PAN
Try for yours, you will know how easy it is to know anywones PAN 


Read full here: https://www.quora.com/My-owner-is-not-giving-me-his-PAN-number-can-I-file-income-taxes-against-him-If-yes-then-how





Comments

Popular posts from this blog

Future of oil is bleak. By 2030, 95% of people may not own private cars which would wipe off the automobile industry

A futurist and clean energy expert, Toni Seba, has predicted that electric vehicles would destroy the global oil industry after a decade. By 2030, 95% of people won't own private cars which would wipe off the automobile industry, he says.

Boeing and JetBlue Airways have announced they would begin selling a hybrid-electric commuter aircraft by 2022. Planned by start-up Zunum Aero, the small plane would seat up to 12 passengers and reduce travel time and cost of trips under 1,600 km.

Ref http://auto.economictimes.indiatimes.com/amp/news/oil-and-lubes/the-future-of-oil-is-almost-here-and-it-doesnt-look-very-pretty/60972841

Can Herbalife 'Afresh' cause insomnia(sleeplessness) and heart problems?

Here is another "great" product from Herbalife. Marketed as an ENERGY drink mix. Few people know it contains Gurana seeds which have no active compound giving artificial energy other than caffeine. Afresh also contains additional caffeine

Ingredients of Herbalife Afresh Energy Drink Mix:
Maltodextrin, Orange Pekoe Extract, Guarana Seed Extract, Acidity Regulator - 330 and Caffeine Powder.

http://mall.coimbatore.com/bnh/herbalife/afresh-energy-drink-mix.htm

http://products.herbalife.co.in/energy-and-fitness/afresh-energy-drink

Side effect include insomnia, sleeplessness and heart problems, It is especially harmful for people with High blood pressure.

http://www.medicinenet.com/caffeine_tablets-oral/article.htm

PPF interest rate cut to 7.9% but are other investment options better? Here's a comparison

The Public Provident Fund (PPF) will now offer 7.9% but experts say it is still a good option for investors. Given that consumer inflation is down to 3.65%, the real rate of return of the PPF is a healthy 4.25%. 

"This is quite impressive for an option that offers assured returns," says Amol Joshi, Founder, PlanRupee Investment Service. "Investors should continue to take advantage of this long-term tax-free product," he adds. 

Even if you compare the PPF rate with the 10-year government bond yield, the scheme is attractive. "The 10-year bond yield is a better benchmark for PPF than consumer inflation," says Manoj Nagpal, CEO, Outlook Asia Capital
Currently, the 10-year bond yield is around 6.8% and the PPF at 7.9% makes it for a premium of 110 basis points. "Historically, the average premium has been around 75 bps. So, the PPF investor is today earning a higher real return," says Nagpal. Even so, some investors may be feeling disappointed by the cu…