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Landlord AIS and 26AS: Will it Show Actual Paid Rent or My HRA Exemption amount? 2 Lacs Rent | 3 Lacs HRA

Vipul Bhavsar |54 Answers |Ask -Follow

Tax Expert - Answered on Feb 16, 2025

Vipul Bhavsar is a chartered accountant from The Institute of Chartered Accountants of India. He has over 16 years of experience in corporate advisory, taxation and financial reporting.
His interest areas are consulting, income tax, GST and due diligence.
He founded his CA firm, V J Bhavsar and Associates, in 2010 through which he offers services like virtual CFO, trademark registrations, company /LLP formation, MIS reporting, audit, tax and TDS compliances, accounts receivable/payable management and payroll processing.... more

Question by PADAM on Feb 07, 2025Hindi

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I paid rent 2 lacs, HRA received 3 lacs AND as per formula I get HRA exemption 1.5 lacs. Then how much amount will show in my landlord AIS or 26AS, actual rent I paid or my HRA exemption.

Ans: Actual rent paid Rs.2 Lakhs

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Hi Sir, Till 31-03-2022 i was paying rent to my father Rs.40000/- PM and claiming HRA for the same, in the year 2022 my father expired, the property is not yet transferred to my mother nor my family. My father senior citizen who filing ITR with house rent. Shall i same thing pay to my father & mother joint account and claim HRA for the same. Who should show the Rental income?

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Dear Sir, I am an employee of a Pvt. Organization . I received HRA allownce as a part of salary. I provided rent receipt to my office with PAN details of the landlord. I get an HR Exemption which is equal to the actual rent paid minus 10% of Basic. Now My Query is "How much Rent my office should report to IT deptt.: ? My office do report only the amount of rent on which office give me exemption. In the AIS of Landlord only the exemption amount of HR allownce is being recorded. How it will effect me and my Landlord?

Ans: In 24Q, employer is required to report - amount of rent paid, HRA and exemption amount. Accordingly, in AIS only exemption amount will correctly appear

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My mother is housewife. I have HRA component of 60K, If I pay rent of 60K to my mother, i.e. 7.2L per year, and I have to deduct TDS of 36K . Which PAN no. I have to use to deduct tds and pay the tax. Also can my mother get the tax refund, by filing ITR, as she does not have any other income?

Ans: Individual paying rent of more than 50k p.m. is required to deduct TDS using own PAN in Form 26QC in Sec 194 IB.

Recipient of Income (owner of property) should offer rent income to tax after deducting 30% of Income as a standard deduction. Taxable income is likely to be Rs.5,04,000. For FY 23-24, if taxable income is upto 7 lacs, tax liability under new tax regime will be zero.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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