Is Submitting a Rental Agreement Essential for Claiming Housing Loan Loss?

Clarity Needed

Is it *mandatory* to submit a *rental agreement* to claim "Housing Loan Loss from House Property - let out" for salaried employees?

Mandatory Submission for HRA Claims

It is *mandatory* to submit the "rental agreement" in addition to the "rent receipt" to claim HRA for salaried employees. I am claiming HRA for Rs. 8300.

Rent receipt is all that the employer would need unless they raise any suspicion and need clarification. What exactly have you been informed? Looking forward to hearing from you.

Do we have any clarity from the Income Tax of India on the "Rental Agreement" required to claim HRA? And separate from HRA, do we have any clarity from the Income Tax of India on the "Rental Agreement" required to claim 'Loss of income for let-out property'? My organization is asking in both cases. I need clarification from the Income Tax of India or CBDT.

No such clarification from the Income Tax Department. Only a rent receipt is required for claiming HRA.

For let-out properties, the Income Tax Department generally does not ask for agreements. Only in the case of scrutiny matters, they ask for an agreement or confirmation from the tenant.

The Department has not prescribed anything specific about a rent agreement for determining income from house property. The information required for this purpose includes rent actually receivable for the year, municipal value, standard rent as may have been determined by the Rent Control Authorities, and the fair rent the property would fetch.