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For tax relief, you need proof of rent paid to kin

For tax relief, you need proof of rent paid to kin

Tuesday, April 11, 2017, 11:05 AM

Recently, the Mumbai Income Tax Appellate Tribunal (ITAT) denied a claim on House Rent Allowance (HRA) by a taxpayer. She had paid rent in cash to her mother, but was unable to substantiate it. So precautions are necessary when paying rent to a relative. For instance, it is better to enter into a licensed agreement with the person and make payments via banking channels.
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