New disclosure mandates and stricter documentation will require taxpayers to prove that rent paid to family members is a ...
Taxpayers using the Old Tax Regime to claim House Rent Allowance (HRA) may soon face stricter disclosure norms. Under the ...
Currently, you only declare the rent amount paid. Under the new rules, you must also state if the landlord is a relative.
Salaried employees claiming HRA may soon face tighter disclosure norms under the Draft Income-tax Rules, 2026. The CBDT has proposed that tenants must now disclose their relationship with the landlord ...
Chartered Accountants will now be required to independently verify foreign tax deduction certificates, proof of payment, correct exchange rate conversion, and eligibility under tax treaties.
Many salaried employees claim HRA for rent paid to family members. While the practice remains allowed, proposed tax rules may bring an extra layer of scrutiny. Here's what could change.
New draft rules for the Income Tax Act, 2025, are sparking a debate between old and new tax regimes. Salaried taxpayers may ...
The House Rent Allowance (HRA) calculation in income tax returns relies on factors such as salary, HRA component, rent paid, ...
The draft rules make it mandatory to disclose the relationship with the landlord for claiming the HRA benefit.
As per the existing income tax rules, salaried employees in only four metro cities of Delhi, Mumbai, Kolkata and Chennai are ...