Planning to submit fake rent receipts to claim HRA? Here's how Income Tax dept catches fraudsters
Experts warn that those caught could face a penalty of up to 200% of the misreported amount under Section 10(13A) of the ...
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Fake HRA Claims? You Could End Up Paying 200% More in Tax Penalty!
Beware of Fake Claims or Face Heavy Penalties! Many salaried individuals in India claim House Rent Allowance (HRA) benefits ...
Can You Claim HRA Exemption By Paying Rent To Parents?
House Rent Allowance (HRA) is one of the most common allowances received by salaried individuals. Those who live in rented ...
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Income Tax Returns: What To Do If Your Landlord Refuses To Share PAN Details For HRA Exemption?
Salaried taxpayers claiming HRA exemption in their ITR must provide their landlord’s PAN if annual rent exceeds Rs 1 lakh.
How To Claim LTA Without Form 16 In ITR & Avoid HRA Headaches In Belated Returns?
To claim the LTA exemption without Form 16, you must appropriately declare it in your Income Tax Return (ITR). According to ...
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Claiming tax exemption showing rent paid to relatives? Five things to keep in mind
If you are employed, and receive a house rent allowance (HRA) as part of your salary ... and you need monthly rent receipts. The rent can be paid either through a transfer to a bank account ...