HRA Claim: If you have made an HRA claim then there is no need to panic, Income Tax Department gave clarification.Income Tax Return, HRA Claim News: If you have made HRA Claim then there is no need to panic. The Income Tax Department has given clarification. Read the full news.
Income Tax Return, HRA Claim News: If you have made HRA Claim then there is no need to panic. The Income Tax Department has given clarification. Read the full news.
If you have claimed any HRA (House Rent Allowance) to get Income Tax exemption, then there is no need to panic. The Income Tax Department has issued a clarification saying that no special drive has been started to investigate all HRA claims.
Income Tax Department has issued a clarification. The department has said that no campaign is being run to investigate all HRA claims.
The old case of HRA claim is not being investigated. Mismatches have come to light in some cases of the business year 2020-21. In case of mismatch of huge amount, the data is being reviewed.
Cases of mismatch have been found between the person paying huge rent and the person receiving the rent. It should be known that those who wrongly claim huge amount of HRA still have a chance.
Updated return can be filed under section 139(8). 25% penalty will have to be paid for one year and 50% penalty for 2 years.
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