Tax expert CA Ruchita Vaghani said contrary to popular belief, the Income Tax Act does not require a formal rent agreement ...
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Rent above ₹50,000 per month? Why claiming HRA alone won't keep the Income Tax department away
You pay your rent diligently each month, file your income tax returns on time, and even claim your House Rent Allowance (HRA). But suddenly, an unexpected Income Tax Notice arrives, questioning your ...
With Budget 2026 approaching, taxpayers and investors are facing an unusual legislative conundrum. This time, the familiar ...
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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