House Rent Allowance

Prepare an agreement, pay rent into their bank accounts, and ensure they pay tax on it

Businesses with a turnover of less than Rs 40 lakh per annum and salaried individuals are not required to pay the GST on rent under the new rules

A mistake in calculating tax liability could lead to a notice from the tax department

Keep rent receipts that serve as proof handy should taxmen come calling

Exemption can also be claimed on rent paid despite owning a house, provided a few conditions are met

But in serious cases, a lawyer arguing in person can be more persuasive

There are many of them, but only a few can be used to offset the tax burden

Tenants who overstay in premises beyond their agreement would end up paying two times the rent for the first two months and four times afterwards

You need to have a leave & license agreement, proof of money paid and proof of owner's tax status