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PAN of landlord must if rent exceed Rs 8,333/-pm

Posted @ November 20, 2013, 10:34 am under (Payroll Outsourcing & Taxation)

CBDT vide circular :08/2013 dated 10 Oct 2013 has made mandatory that If annual rent paid by the employee to his/her land lord exceeds Rs 1,00,000 per annum, he/she will have to report PAN of the landlord to the employer. 
 
In case the landlord does not have a PAN, a declaration to this effect from the landlord along with the name and address of the landlord should be filed by the employee.
 
For FY 13-14, submission of PAN of landlord is must if rent exceed Rs 8,333/-pm. Earlier limit was Rs 15,000 pm when PAN of owner was must.

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