While filing Income Tax Returns (ITR) House Rent Allowance (HRA) exemption is claimed by salaried taxpayers against the actual rent paid by them subject to certain conditions. Can non-salaried persons living in a rented house claim tax benefits? As per experts, small tax relief against rent paid is available to non-salaried as well as salaried employees who are not getting HRA. aaa
During the analysis of refunds, in the last three financial years, some disturbing trends have been detected by the Income Tax Department in respect of refund claims by salaried persons which are untrue, erroneous, improbable, and not based on the facts.
While the last date to file your income tax returns is over, yet one can still file. Albeit, one has to also pay a penalty fee for filing late. Here are the details.