I have a query regarding the Rent Receipt.
I am paying the rent on the time but owner doesn’t give me the rent receipt. When I asked for it then he replies “I wont give the rent receipt as I am having a home loan for this house and it will affect my tax savings as I am in 30% slab”.
I have argued to him saying that even I have to show for tax savings then he replied to me is that I don’t know about that but I will not give the rent receipt. Since I have completed 1year in the house so he asked to give more rent i.e. 8% from the current one but he is not going to give me the rent receipt.
If I am not wrong as per new law if a person gives more that 1lakh PA as rent then the house owner has to give rent receipt with PAN No. is it true?
If above statement is true and house owner is not ready to give the same then as a tenant what am I suppose to do? Please give me your suggestions.