Is the rent agreement required if we pay rent to parents for deductions under HRA?

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Just a simple rent receipt is fine


Yes , if your monthly amount exceeds say 8333 inr you need to just share pancard no of your parents.
I’m not working in TCS but i show 6 lakhs annual rent as HRA and share my mother’s PanCard and file her ITR so she isn’t liable for any tax.
If yours is less than 5 lakh rent you need not worry about ITR


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