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Showing posts with label Automatic Income Tax Form 16 Part A&B for A.Y. 2020-21. Show all posts
Showing posts with label Automatic Income Tax Form 16 Part A&B for A.Y. 2020-21. Show all posts

Saturday 1 February 2020


Income Tax Return e-Filing for AY 2019-20: For false claimants of HRA, other exemptions, it may turn out to be nothing but inviting trouble.
To save some extra tax, many taxpayers, in their Income Tax Return (ITR), show that they are staying in rented accommodations by paying a monthly rent of around Rs 8,300, and claim the tax benefits on House Rent Allowance (HRA) by taking advantage of the Income Tax rule that there is no need to disclose the PAN of one’s landlord for paying rent up to Rs 1 lakh per annum.