Clarity needed — Is it *Mandatory* to submit *Rental agreement* to claim "Housing Loan Loss from House Property - letout" for salaried emp?
From India, Bangalore
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From India, Bangalore
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Is *Mandatory* to submit "Rental agreement" in addition to "Rent Receipt" to claim HRA for salaried emp? I am claiming HRA for Rs. 8300.
From India, Bangalore
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From India, Bangalore
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Rent receipt is all what the employer would need, unless they raise any suspicion and need to clarify. What exactly have you been informed ? Looking forward to hear from you
From India, Mumbai
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1872From India, Mumbai
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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.
From India, Bangalore
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From India, Bangalore
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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.
From India, New Delhi
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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.
From India, New Delhi
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
Income Tax Calculator.xls