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.
