HRA exemption of IT

Please confirm whether both husband and wife can claim HRA exemption individually without  PAN of owner even if the aggregate amount exceeds Rs. 1Lakh.
(i.e.) Husband claim for Rs. 8000 per month (Rs.96000 per annum) and  wife claim for Rs. 7500 per month (Rs.90000 per annum) and the sum amounts to Rs. 1,86,000.

rajaram Asked on January 9, 2018 in Taxations.
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1 Answer(s)

Hello Mr Rajaram

If the rent paid is more than 1 Lac then you require PAN of the Landlord and if owner doesn’t have the same you need to take declaration from him. For Income tax every assessee is separate and if your rent is less than 1 Lac then it wont be required

TaxIQ Answered on January 10, 2018.
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