Are you claiming false HRA while filing ITR? This is how much it can cost you
By now, most taxpayers should have received their Form 16. Employers deduct House Rent Allowance (HRA) from salaries, and this deduction can be seen in part B of Form 16 when filing an Income Tax Return (ITR). It is crucial to understand that HRA exemption under Section 10(13A) can only be claimed if one lives … Read more