HRA claims: Honesty is the best policy
Recent guidelines issued by the government have tightened the scrutiny process
Providing fake rent receipts to claim house rent allowance (HRA) benefits is a widely prevalent practice. But going by recent developments, it’s best to think twice before one does this as one could come under the scanner of the Income Tax Department. Recent guidelines issued by the Mumbai Income Tax Appellate Tribunal have reinforced the need to tighten the scrutiny on HRA claims. Here we take a...
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