New disclosure mandates and stricter documentation will require taxpayers to prove that rent paid to family members is a ...
As per the Section 10(13A) it seems that the exemption can be claimed only in respect of one house occupied by the employee. However there is no restriction as to whether the same can be claimed in ...
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Claiming HRA while paying rent to family? Proposed rule may require relationship disclosure
Taxpayers using the Old Tax Regime to claim House Rent Allowance (HRA) may soon face stricter disclosure norms. Under the ...
At present, only New Delhi, Mumbai, Kolkata and Chennai qualify for a 50 percent HRA exemption under the old tax regime, while other cities fall under the 40 percent category.
If implemented, the HRA exemption hike may boost disposable income for salaried tenants and, over time, make renting more ...
The House Rent Allowance (HRA) calculation in income tax returns relies on factors such as salary, HRA component, rent paid, ...
As per the Draft Income-Tax Rules, 2026, the Centre has proposed adding four major urban hubs to the list of cities eligible ...
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