Monday, December 18, 2023

HRA tax exemption: Are both rent receipts and rent agreement a must as income tax proofs?

To claim HRA from their employers, many salaried employees usually use either rent receipts or rent agreement as proof of the rent paid in a financial year. However, tax experts point out that assessing officer of the income tax department can reject HRA tax exemption claim if any one of the documentary evidence is missing.

from Tax-Wealth-Economic Times https://ift.tt/q65Cr2l

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