Rent 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 fraud: The investigation by the tax department began when authorities stumbled upon purported rent receipts totaling approximately ...

It is important for individuals to ensure that they have proofs and required documents for all the deductions and tax exemptions claimed wh...

Salaried individuals have come under income tax department's scanner for making fake deductions claims in the income tax returns filed last...

ITRs filled with fake rent receipts from close relatives, extra claims against home loans, false donations may come back to haunt many, par...

In many cases, officials found forged electricity bills, property tax receipts and rent agreements were used as proof of principal place of...

Bookmark this page as we will be updating it with stories regularly to help you through the tax-saving season this year.

While submitting proof for reimbursements make sure it is real and not fake as that would get you in serious trouble with the tax departmen...

Tendulkar 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.

A taxpayer is entitled to claim HRA exemption for rent paid to his or her spouse provided there is documentation to prove that the arrangem...

As per a ruling, the assessing officer can now demand proof, such as electricity bill, in allowing a lower taxable income as computed by a ...

The ED had conducted raids on April 1 across 16 states with sleuths swooping down at market places, business centres, residential premises ...

Tax 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...

Accepting 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.

The tax authorities are seeking more information about your income and expenses in the new forms introduced this year.

Salaried 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.

As part of its drive against fake PAN, the Income Tax department is considering making proof of date-of-birth mandatory for issuance of PAN...