There may soon be trouble for those who have been using fake rent receipts to save income tax. The income tax department may soon be asking for proof to check whether the taxpayer claiming deductions ...

In such cases, the I-T department can also send a notice to the landlord requesting a response, and their tax burden may increase if they disclose the truth. You may also face charges of fraud. If you ...

Submitting fake house rent receipts to claim HRA benefits and lower one’s tax burden may soon be a thing of the past. For, being perturbed by the rising incidence of fake HRA claims as well as guided ...

Landlords looking to protect themselves from disputes and potential lawsuits should consider giving each tenant a rent receipt after every payment. One critical issue is how different states legislate ...

House Rent Allowance (HRA) is one of the key components of your annual salary package, but you will be surprised to know that not all of it is exempt from tax liability. There are specific conditions ...