PAN no of the owner and tenant should be made mandatory in the rental agreement.
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There should be a rule that, PAN no of the owner and tenant should be made mandatory in the rental agreement. So that we could avoid cash transaction.
I faced this situation.
I am staying in a rented house and i have rent agreement mentioning Rs 12000 per month as rent.Owner don't agree on the online transaction.They say that they want rent in cash.At the time of providing tax related documents, when i asked for rent receipt of Rs 12000 then he is not providing this, instead he is giving me Rs 8333 receipt.He is saying, otherwise, take your decision , "you should vacate the house".
I think, in such way, more than 80% landlord do tax evasion.
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