House Rent Allowance

House rent allowance: Tax exemption can be claimed on rent paid to parents

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

GST: Understanding how the rules around tax on rent will apply to tenants

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

Have Form 16 from two employers? Be careful not to claim tax benefits twice

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

Missed declaring rental to employer? Claim HRA exemption while filing ITR

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

Are you paying rent to wife or parent? You can claim HRA exemption on it

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

Making a Will to rent waiver issues, online consultation is cost-effective

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

Use allowance like LTA, HRA, car maintenance to reduce your tax liability

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

Draft tenancy law: Cap on security deposit, fine on overstaying tenant

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

Where's the proof? Just rent receipts are not enough to prove HRA claim

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