The Income Tax Department has found discrepancies in House Rent Allowance (HRA) claims, suggesting potential tax fraud. Taxpayers may have falsified rent receipts to claim HRA benefits, especially under the new tax regime without exemptions. Landlords are urged to report misuse of their PAN cards, while NRIs renting out property should exercise caution. The CBDT’s Annual Information System helps identify fake claims by tracking rent transactions. Fraudulent individuals face penalties or legal action. This highlights the need for transparency in tax filings and vigilance against fraudulent activities.
Tax Department Uncovers Fraudulent HRA Claims
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/05/11085109/1712855707-0344-ezgif.com-webp-to-jpg-converter.jpg)