From The Economic Times
BENGALURU: No need to run around to get tax receipts to claim the house rent allowance ( HRA) benefit anymore. You can generate them online now. Cleartax.in, the online tax filing platform has launched an auto rent receipt generator for its users. It is a free-to-use product that automates the generation of rental receipts and assists individuals in submitting their House Rent Allowance (HRA) proofs to their employers.
All you have to do is go to the site and enter details such as their name, rent amount, address, the landlord’s name and PAN card details and the duration for which the receipts are to be generated. The Rent Receipt Generator then displays the required receipts, which can either be printed or downloaded for accessing later. The receipts can then be signed by the landlords and submitted towards the tax rebate. “It takes about a minute to generate rent receipts. The employee can print the PDF generated, get it signed from the landlord and submit to the HR Department,” said Archit Gupta, founder and CEO, Cleartax.in
You don’t even need the revenue stamp if you are payment of rent is made via cheque. The receipt generated by ClearTax is sufficient. Revenue stamp is only needed if payment made in cash per receipt is more than Rs 5,000. “The service has become very popular in a very short time. We have already generated 2.5 lakh rent receipts across India, said Gupta.