We operate a small PG of 10 rooms, with rent (~Rs 1.5L/month) currently going into my mother’s account. We’re thinking of splitting the rental agreements, putting 5 rooms under my mother’s name and 5 ...
Tax expert CA Ruchita Vaghani said contrary to popular belief, the Income Tax Act does not require a formal rent agreement for claiming HRA. What it does require is evidence of payment. This can ...
While a formal rent agreement is not a legal prerequisite, digital payment trails and landlord PAN details are essential to withstand tax department's scrutiny ...
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