The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that IT Act does not prohibit claiming HRA exemption on the rent paid to one's spouse. Abhay Kumar Mittal, the appellant,

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has deleted a penalty order under section 271(1)(c) of the Income Tax Act by holding that the same cannot be imposed for want of evidence

The Income Tax department has released a new standard Form 12BB for salaried taxpayers to claim tax deduction on leave travel allowance concession (LTALTC), house rent allowance (HRA) and interest paid on home loans. According

Whether Paying Rent to Parents or Spouses to be considered a Tax Evasion Method? Can the Rent paid to Parents or Spouses be Eligible for HRA Exemption under the Income Tax Act? Is the above

The Income tax department has started investigating on over six lakh salaried persons for tax evasion by misusing the exemptions given as House Rent Allowance (HRA). The Income Tax rules provide relief to salaried employees

In the lead-up to Budget 2024, anticipation is building for potential adjustments to exemption limits by the finance ministry, offering a possible relief from tax burdens. Notably, House Rent Allowance ( HRA ) stands out

The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that the Commission of Income Tax (Appeals) [CIT(A)] adopted the entire salary instead of considering the Basic & DA while computing the benefit under Section

A Single Bench of Manipur High Court, while disposing the writ petition has held that Central Government employees posted in the North Eastern region who had kept families in previous places would be entitled to

In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the rental amount paid to wife is eligible for HRA deduction under section 10(13A) of the Income Tax Act, 1961.

Investment declaration guide: With the onset of tax season, employees are required to declare their investments and expenses to their employers for hassle-free financial management and seeking tax benefits. The employees who fall under the

The year 2017 witnessed a lot of changes in tax laws of the Country. Demonetization and Goods and Services Tax (GST) have changed the face of the current direct tax and indirect tax laws. Some

In a recent ruling, the ITAT, Mumbai bench held that the claim for HRA Exemption cannot be allowed in case of rent paid to mother of the assessee. The bench clarified that the claim under

The Central Board of Direct Taxes ( CBDT ) has responded to media reports suggesting a special drive to reopen cases related to House Rent Allowance ( HRA ) claims, clarifying that there is no

The Income Tax Department has uncovered a fraudulent scheme involving the misuse of Permanent Account Numbers (PANs) to falsely claim Housing Rent Allowance (HRA). This discovery has revealed around 8,000 to 10,000 high-value cases, amounting

The Delhi High Court upheld the addition of  House Rent Allowance (HRA) to Income as the HRA was not being paid to the deceased due to the allotment of government accommodation. United India Insurance Co