Furnishing fake rent receipt to lower tax burden?Not any longer
Wednesday, April 5, 2017 IST
Furnishing fake rent receipt to lower tax burden?Not any longer
New Delhi: Have you been filing fake rent receipts to bring down your taxation rate every one of these years? Well you may never again have the capacity to claim salary assess reasonings for house lease remittance (HRA) by give fake bills any longer.
According to a report in the Economic Times, the salary charge division is endeavoring endeavors to attachment spillages under assessment arrangements by fixing noose around expense exceptions.
"The surveying officer can now request confirmation —, for example, leave and permit assention, letter to the lodging co-agent society illuminating about the occupancy, power charge, water charge and so forth — in permitting a lower assessable pay as processed by a salaried worker," a report in the ET said.
Notwithstanding, on the off chance that you pay more than Rs 1 lakh every year towards house lease, then citing landowner's PAN is compulsory for asserting tax cut under House Rent Allowance.
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