Accept Electricity Connection number instead of Owner's PANCARD for HRA exemption.

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Most of the House owners refuse to disclose PANCARD number to tenants making it difficult to claim HRA exemption for rent paid.

This also allows them get away with out paying tax on the rental income.

It is an open fact most of the black money is  in benami assets where regular stream of money is received as rental income.

To avoid these problems it is prudent to accept electricity/water connection number  instead of Owner's PANCARD.

Additionally government can run a special drive to update existing electricity connections to be updated with PANCARD/AADHAR. This drive can unearth so much benami assets and increase tax revenue to the Govt.

Tenants have access to electricity connection/ water connection as they pay the bills and these are more relevant for HRA exemption over house owner's PANCARD.

 

 

 

 

 



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