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Planning to submit fake rent receipts to claim HRA? Here's how Income Tax dept catches fraudsters
Salaried employees in India claim tax benefits under House Rent Allowance (HRA) by submitting rent receipts. However, in an attempt to save money, tax-payers may often resort to submitting fake rent ...
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 ...
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 ...
If you are among the several salaried employees who claim tax exemptions by furnishing fake house rent receipts, this may come as a shock to you. The Income Tax department, it is learnt, is now ...
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 ...
In the era of Artificial Intelligence (AI), the Indian Income Tax Department is leveraging AI technology to detect fraudulent rent receipts used for claiming House Rent Allowance (HRA). The department ...
TurboTenant explores what rent receipts are, how different cities and states legislate them, and the importance of integrating payments with property management software to help landlords streamline ...
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