Currently, you only declare the rent amount paid. Under the new rules, you must also state if the landlord is a relative.
New disclosure mandates and stricter documentation will require taxpayers to prove that rent paid to family members is a ...
India Today on MSN
Paying rent to parents or spouse to save tax? New rules mean think twice
Claiming HRA by paying rent to family members has been a common tax-saving method. Yet, changes expected from April 2026 could make these claims more closely examined than before.
In a move to curb the misuse of House Rent Allowance (HRA), the Draft Income-tax Rules, 2026 have proposed a new compliance requirement for salaried employees.
This article was originally published on www.nugglove.com as Brian Windhorst sees a problem with Nikola Jokic, and he brought the receipts.
Salaried employees claiming HRA may soon face tighter disclosure norms under the Draft Income-tax Rules, 2026. The CBDT has proposed that tenants must now disclose their relationship with the landlord ...
Portland will pay homeowners to rent spare rooms — $1,000 for the first room, $500 for others; rent capped at $200/week.
The Indian income tax framework has introduced a significant compliance requirement under the revised Rule 205, mandating that salaried employees disclose their relationship with landlords when ...
Draft Rule 205 does not ban rent paid to relatives. HRA claims remain valid if there is a genuine rental agreement and the landlord declares the rental income ...
PENALTIES—Failure to disclose the relationship or claiming HRA through “paper entries" could be treated as misreporting of income. Under Section 439 of the Income Tax Act, 2025 corresponding to ...
Black Altadena residents gathered on the steps of Victory Bible Church in Pasadena Friday morning, Feb. 27, to share progress on their rebuilding efforts just more than a year after the Eaton ...
India Today on MSN
Claiming HRA for rent to family? What draft tax rules may change
Many salaried employees claim HRA for rent paid to family members. While the practice remains allowed, proposed tax rules may bring an extra layer of scrutiny. Here's what could change.
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