While a formal rent agreement is not a legal prerequisite, digital payment trails and landlord PAN details are essential to ...
Tax expert CA Ruchita Vaghani said contrary to popular belief, the Income Tax Act does not require a formal rent agreement ...
Most Indians now prefer the new tax regime for its simplicity and higher in-hand pay. Those sticking to the old regime need ...
Under the old tax regime, House Rent Allowance (HRA) is exempted under section 10(13A) for salaried individuals. However, ...
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