Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) ...
The landlord's PAN must be mentioned in the TDS challan. However, if the PAN is missing or inactive, the TDS is levied at 20% ...
The Income Tax Department has recently sent notices to taxpayers who have claimed tax exemption under the House Rent ...
“No HRA exemption should be allowed if it is paid separately. If composite rent is being paid, including the maintenance ...
Taxpayers claiming HRA exemptions but failing to deposit TDS on rent are receiving Income Tax Department notices. Under ...
Under the income tax law, a tenant who is living in a property and paying a rent of Rs 50,000 for it, he must deduct TDS of 2 ...
The tax department is sending notices to salaried taxpayers who claimed HRA but didn’t deduct TDS on rent above ₹50,000. With ...
Tenants must deduct 2% TDS if their monthly rent exceeds ₹50,000, if the landlord is a resident Indian and 31.2% if the ...
Plymouth seeks a Ward 2 resident to join its Housing and Redevelopment Authority, with applications due by April 16.
Many taxpayers who have claimed an HRA deduction exceeding ₹5 lakh in their income tax returns have received an email from ...
Yes Income Tax department has allowed deduction of HRA for 2 eligible houses provided you should have proper records for ...
Usually, an employee's salary structure has HRA as one of its components. A salaried employee can claim tax exemption on HRA ...