Take Care While Claiming HRA Exemption
The Mumbai income-tax appellate tribunal (ITAT) recently disallowed tax exemption on house rent allowance (HRA) for rent paid by an assessee to her mother. The case highlights the issue of fake rent receipts from parents to claim HRA tax deduction. The key factors that worked against the assessee were: a) the assessee’s parent had not filed income-tax return (ITR) reflecting the rent received;...
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