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National Herald case: Delhi HC to hear tomorrow ED plea challenging relief to Sonia, RahulThe high-profile case relates to allegations that senior Congress leaders conspired to illegally acquire control over assets worth more tha...- Can your HRA tax exemption claim get rejected despite submitting all proofs?Salaried individuals claiming HRA tax exemption should ensure accuracy and compliance, as discrepancies can lead to rejection. Tax officers...
- Misuse of PAN for fake HRA claims under I-T dept radar: What should landlord do in case of a fake claim?Fake HRA Claims: If a tenant is using someone else's PAN to make a fake HRA claim, then without doubt the tenant would get into trouble, ho...
- Proof of HRA claims of previous years; can you really take it easy after CBDT's assurance of no review of old HRA casesRent HRA: The Central Board of Direct Taxes (CBDT) has clarified that there is no special drive to identify fake HRA claims from previous y...
- HRA tax exemption: HRA fraud with illegal usage of PANs detected by tax dept; how to avail House Rent Allowance, proofsHRA tax fraud: The investigation by the tax department began when authorities stumbled upon purported rent receipts totaling approximately ...
- Claiming fake deductions, rent receipts while filing your ITR can lead to heavy penaltiesIt is important for individuals to ensure that they have proofs and required documents for all the deductions and tax exemptions claimed wh...
- Salaried getting income tax notices for deductions of FY21-22 ITR: Watchouts for current ITRSalaried individuals have come under income tax department's scanner for making fake deductions claims in the income tax returns filed last...
- Salaried individuals under I-T scanner as taxman serves notices asking assessees for documentary proof to claim exemptionITRs filled with fake rent receipts from close relatives, extra claims against home loans, false donations may come back to haunt many, par...
- Crackdown on tax violations: 10,000 fraud GST registrations turn up in first week of driveIn many cases, officials found forged electricity bills, property tax receipts and rent agreements were used as proof of principal place of...
- Tax saving guide for FY 2018-19Bookmark this page as we will be updating it with stories regularly to help you through the tax-saving season this year.
- Submitting fake bills to lower your tax liability? Tax department has ways to catch youWhile submitting proof for reimbursements make sure it is real and not fake as that would get you in serious trouble with the tax departmen...
- Sachin Tendulkar won’t have to pay tax on notional rent, rules I-T tribunalTendulkar owned two flats in Pune, a flat in Sapphire Park and another in Treasure Park costing Rs 60.6 lakh and 82.8 lakh, respectively.
- Can you claim HRA tax exemption for rent paid to spouse? Here's what experts sayA taxpayer is entitled to claim HRA exemption for rent paid to his or her spouse provided there is documentation to prove that the arrangem...
- Fake rent receipt won't help you lower tax burden anymoreAs per a ruling, the assessing officer can now demand proof, such as electricity bill, in allowing a lower taxable income as computed by a ...
- Shell companies crackdown: Enforcement Directorate arrests twoThe ED had conducted raids on April 1 across 16 states with sleuths swooping down at market places, business centres, residential premises ...
- Tax rates slashed for small taxpayersTax rate for those earning up to Rs 5 lakh is reduced to 5% and flat Rs 12,500 rebate offered to all taxpayers. But tax compliance to be st...
- How to guard against these 5 tax evasion practicesAccepting cash or repayment of loans from friends and family in cash for amounts higher than Rs 50,000 and not reporting it is also evasion.
- Filing tax returns? Ways to avoid errors or invite a tax noticeThe tax authorities are seeking more information about your income and expenses in the new forms introduced this year.
- Income Tax department puts HRA exemption under scannerSalaried taxpayers who claim HRA exemption will now have to report their landlord’s PAN if the total rent in a year exceeds Rs 1 lakh.
- I-T dept may make d-o-b proof mandatory for PAN cardAs part of its drive against fake PAN, the Income Tax department is considering making proof of date-of-birth mandatory for issuance of PAN...
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