How to Avail HRA Benefits within Newly Introduced Rules

Claiming HRA exemption for salaried employees will not be as easy anymore. The Mumbai Income Tax Appellate Tribunal (ITAT) has ruled that rent receipts will no longer be a conclusive document for approving house rent tax exemptions and income tax officers can now demand further proof before approving claims for HRA deduction. Inability to produce such requirements will cause claims to be rejected, making it more difficult for salaried individuals to avail HRA benefits Read More