ITR filing: Claiming HRA to reduce tax outgo? Rent receipts alone...

Dununu.com Dununu

Sponsor

ITR filing: Claiming HRA to reduce tax outgo? Rent receipts alone may not suffice - why your claim can be rejected

RSS Feed Business

Posted

87

HRA claims are under increased scrutiny, with tax officers rejecting claims lacking a clear money trail or appearing dubious. Even with proper documentation like rent receipts, claims can be disallowed if rent is paid to close family members without genuine financial transactions. Taxpayers must ensure claims are backed by credible evidence to avoid rejection.

Read Full Article

Please log in to like, share and comment!

Ball-change controversy at Lord's: Shubman Gill slammed

Day 2 of the Lord's Test saw India repeatedly requesting ball changes, sparking criticism from...

By 0 13

Valuation fears hit defence stocks: Where are they headed? Here’s what analysts say

Indian defence stocks experienced a downturn on Thursday as investors engaged in profit booking...

By 0 13

Amit Shah chairs Yamuna clean-up meet; asks Delhi, states to act on pollution; calls for STP upgrade, water use reform

By 0 16

Kash Patel furious with Pam Bondi over handling of Epstein case, claims Trump aide; calls for AG's resignation

By 0 16

Tax collections dip: Net direct tax mop-up falls 1.34% to Rs 5.63 lakh crore as refunds surge; gross receipts rise 3.17%

India's net direct tax collections experienced a slight decrease of 1.34% year-on-year, totaling...

By 0 27