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You can get an income tax notice and your house rent allowance (HRA) claim may be rejected. This is because, for every HRA claim, there must be a corresponding income offered for tax by the landlord. However, if a landlord who is taking rent in cash does not offer this for income tax, you could land into trouble with the tax department. ....
Central govt employees, private employees can't claim LTA if they don't follow these rules; LTA eligibility, other latest updates indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Govt mulls relief on retrospective GST on e-gaming financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Financial Literacy News: The Income Tax department has found many cases where the rent received doesn't match the House Rent Allowance (HRA) claimed by taxpayers. Because of this, many people have received notices through the 'e-verification' system on the department's compliance portal. ....
I-T clause to ensure MSMEs are paid on time creates hurdle indianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indianexpress.com Daily Mail and Mail on Sunday newspapers.