# rent
8 posts in `rent` tag
Generate Rental Receipt For Income Tax HRA Benefits
Employers often require rent receipts as proof when you want to claim House Rent Allowance (HRA). They use these documents to verify and calculate the HRA allowance and deductions.
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By Krishna
Updated Income tax regulations tax benefits employees accommodation free rent
High-earning employees who receive rent-free accommodation from their employers are set to enjoy increased savings and a larger take-home salary. The income tax department has updated its valuation guidelines for such accommodations.
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By Krishna
HRA Deduction: Section 10(13A) Permits HRA Deduction for Rent Paid to Wife
The tribunal referred to a previous ITAT judgment in the case of Abhay Kumar Mittal vs. DCIT, which emphasized that there is no legal basis to deny a husband's ability to pay rent to his wife. Furthermore, the tribunal verified that the rental income was duly declared and accepted by the revenue department.
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By Krishna
Delhi ITAT Ruling: Car Parking Rental Income Deductible Under Section 80IA
During scrutiny, the Assessing Officer denied the deduction u/s 80-IAB for the income earned from car parking rentals, stating that it lacked a direct connection with the taxpayer's business operations.
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By Krishna
Claim Tax benefits health insurance premiums ITR
Section 80D provides tax benefits for health insurance premiums paid for yourself, your spouse, children, and parents. You can claim these tax breaks when filing your tax returns, even if you forgot to claim them while submitting proofs of tax-saving investments to your employer.
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By Krishna
GST Council Expected to Give Approval to Tribunal Blueprint
During the GST Council meeting, the final operational plan for the tribunal is expected to be presented for approval.
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By Krishna
Income Tax Rules on Income From House Property You Must Know
Income from house property is one of the major sources of income for many taxpayers in India. However, most taxpayers are not aware of the income tax rules related to income from house property, and as a result, they end up paying more tax than they should.
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By Krishna
Budget 2023: A glimpse of old vs current income tax slabs
The Finance Minister, Nirmala Sitharaman has announced a significant change in the income tax regime. The new income tax regime has seen a major update in the income tax slab rates for 2023-24.
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By Krishna