Saturday, June 8, 2024

Paying rent in cash without a rent receipt? Know why your HRA claim may be disallowed, and you may get an income tax notice

House rent allowance: Tenants will get into trouble with the income tax department if they are paying rent in cash and the landlord does not offer it for income tax. For every claim of HRA there should be a corresponding income offerred for tax. Read here to know how a tenant got into trouble because of this.

from Tax-Wealth-Economic Times https://ift.tt/1qWaoJd

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