Rent above ₹50,000 per month? Why claiming HRA alone won’t keep the Income Tax department away
You pay your rent diligently each month, file your income tax returns on time, and even claim your House Rent Allowance (HRA). But suddenly, an unexpected Income Tax Notice arrives, questioning your rent payments and demanding answers. The trigger? A little-known TDS obligation tied directly to monthly rents above ₹50,000, which many tenants overlook, leaving … Read more