Salaried individuals claiming HRA tax exemption should ensure accuracy and compliance, as discrepancies can lead to rejection. Tax officers may dispute claims if rent receipts are deemed fake, landlord's PAN is missing, or transactions lack verifiable proof. Maintaining thorough documentation, including rent agreements and bank statements, is crucial to substantiate the genuineness of HRA claims and avoid potential scrutiny. Read more.
from Tax-Wealth-Economic Times https://ift.tt/hxbpU2y
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