Income Tax : Learn about House Rent Allowance (HRA) exemptions and how they affect tax savings. Understand the rules, calculations, and potenti...
Income Tax : Explore the illicit use of PANs in House Rent Allowance (HRA) claims, revealed by the Tax Department. Understand HRA conditions, c...
Income Tax : Comprehensive guide to Section 80GG of the Income Tax Act. Learn about eligibility criteria, quantum of deduction, and an illustra...
Income Tax : Understand taxability of various salary components, allowances, perquisites, and retirement benefits in India. Learn about exempti...
Goods and Services Tax : Learn about House Rent Allowance (HRA) and its tax benefits. Find out who is eligible to claim HRA and what to do if you don't rec...
Income Tax : Ministry of Finance addresses misconceptions regarding CBDT's supposed special drive to reopen cases related to HRA claims, clarif...
Finance : A government employee is not entitled to get House Rent Allowance(HRA) if he or she is residing with the spouse who has been all...
Income Tax : In the Ravindra R.V. vs. DCIT case, ITAT Bangalore remits the denial of HRA exemption under Section 10(13A) back to the AO for rec...
Income Tax : The Income Tax Appellate Tribunal (ITAT) Delhi has ruled in favor of Aman Kumar Jain against the Income Tax Officer, permitting re...
Corporate Law : Manipur High Court held that the benefit of HRA is for the welfare of the families of the employees who are posted in difficult st...
Income Tax : Abhay Kumar Mittal Vs DCIT (ITAT Delhi) it was submitted that Income Tax Act does not prohibit claiming HRA exemption on the rent ...
Income Tax : Clause (h) of Rule 2A specifically provides that ‘salary’ includes dearness allowance, if the terms of employment so provede, ...
Income Tax : No.2/4/2022-E.IIB Government of India Ministry of Finance Department of Expenditure *** North Block, New Delhi. Dated the 30th Dec...
Income Tax : Proof of savings/documents viz. insurance premium receipt, NSC, Infrastructure Bond, PPF Bank Statement, Housing Loan Certificate ...
Income Tax : Circular No. 90-Income Tax With the issue of orders in the Government of India, Ministry of Finance (Department of Expenditure),...
Income Tax : Reference is invited to the Central Board of Direct Taxes letter F. No. 12/19/64-IT(B), dated 22-2-1966 , where in it was intimate...
Income Tax : Explore CBDT Letter F. No. 12/19/64-IT(B) dated 22-2-1966, clarifying HRA exemption for Central Govt employees receiving flat-rate...
Learn about House Rent Allowance (HRA) exemptions and how they affect tax savings. Understand the rules, calculations, and potential benefits for salaried employees.
Ministry of Finance addresses misconceptions regarding CBDT’s supposed special drive to reopen cases related to HRA claims, clarifying no such action is being taken.
Explore the illicit use of PANs in House Rent Allowance (HRA) claims, revealed by the Tax Department. Understand HRA conditions, case laws, and employer responsibilities.
Comprehensive guide to Section 80GG of the Income Tax Act. Learn about eligibility criteria, quantum of deduction, and an illustrative example. Maximize tax relief for renters without House Rent Allowance (HRA)
In the Ravindra R.V. vs. DCIT case, ITAT Bangalore remits the denial of HRA exemption under Section 10(13A) back to the AO for reconsideration due to lack of salary breakup.
Understand taxability of various salary components, allowances, perquisites, and retirement benefits in India. Learn about exemptions and deductions to optimize your tax planning.
Learn about House Rent Allowance (HRA) and its tax benefits. Find out who is eligible to claim HRA and what to do if you don’t receive HRA.
Explore the admissibility of House Rent Allowance (HRA) paid to parents or spouse under Section 10(13A) of the Income Tax Act. Analysis of judicial rulings and essential evidence for successful exemption claims.
Understanding the rules and guidelines for claiming House Rent Allowance Exemption can significantly reduce the tax burden for salaried individuals. In this article, we will walk you through the process of claiming HRA exemption in income tax.
A resident person is chargeable to tax in respect of his global income. If Income-tax Act enlarges the scope of taxable income of a resident person, it extends certain benefits and privileges to a resident person as well, inter-alia, an option to compute income on presumptive basis
