QUOTING PAN NO BY LICENSOR TO LICENSEE UNDER LEAVE AND LICENSE AGREEMENT FOR RESIDENTIAL PURPOSE
5 years ago
IS IT COMPULSORY FOR THE LICENSOR TO PROVIDE HIS PAN NO DETAILS TO LICENSEE UNDER LEAVE AND LICENSE AGREEMENT MEANT FOR RESIDENTIAL PURPOSEIN NEWTOWN, KOLKATA.THE LICENSEE ASKED FOR IT IN ORDER TO CLAIM HRA EXEMPTION BENEFITS IN NEWTOWN, KOLKATA. DOES IT ENTAIL ANY TAX OR OTHER EFFECTS FOR THE LICENSOR
Deepak Yashwantrao Bade
Responded 5 years ago
A.Provide PAN detail is mandatory for registration of rent agreement and declaring how much income is coming from rental property. It's a legal procedure.dont worry.
Helpful
Helpful
Share
ROBERT D ROZARIO
Responded 5 years ago
A.Generally for registration of L&L Agreement, PAN details of both the parties is a must. Obviously the Licensee get the HRA benefits which is entitled to and Licensor should declare income from his house property in his/her IT Return.
Helpful
Helpful
Share
Ambrose Leo
Responded 5 years ago
A.You can provide the details of Pan for claiming the tax benefits or You have to provide your bank account detals of Payment received from the tenant photocopies of pass book details as required by Income Tax department for claiming tax benefit.
Helpful
Helpful
Share
A.Ye it is mandatory to share the licensor's ( landlord) PAN card for two reasons. No. one if the agreement is to be registered then it can not happen without the PAN number. Number two when the licensee wants to avail the tax benefits of the HRA then he/she has to provide the PAN no.of the landlord. So it is ok to provide the PAN number there is no risk unless you want to don't show that rent income in your tax declaration.
Helpful
Helpful
Share
Read Related Answers
Suit for Declaration Clarification
Dear Client,
Chapter VI of the Specific Relief Act 1963 provides for Declaratory Decrees under Section 34 of the Act. Any person entitled to any legal character, or to any right as to any property, ma...
Regarding Preamtion
Dear Client,
We would require more details to precisely answer your question on pre-emption rights. In case, a sale deed is executed for the properties in which you hold shares without your consent, t...
Building house on land assigned for shop
Dear Client,
Generally, it is illegal to construct a house on the land granted for commercial activities or vice-versa without the permission of the local authorities. We would require more details on...
Street parking in residential colony
Dear Client,
Try to resolve the matter among yourself. Firstly if its an apartment try to complaint to the apartment authorities . Harassment per se would not be a valid ground apt to the scenario, Y...
Work money not paid
Dear Client,
This is a very tricky situation. Technically speaking there must have been a documentation of you resuming work after your first email and you continuing working there makes it unofficia...
Read Blogs on Civil
Civil Lawyers
Find Lawyers by Location
