There may soon be trouble for those who have been using fake rent receipts to save income tax. The income tax department may soon be asking for proof to check whether the taxpayer claiming deductions ...

Landlords looking to protect themselves from disputes and potential lawsuits should consider giving each tenant a rent receipt after every payment. One critical issue is how different states legislate ...

If you are among the several salaried employees who claim tax exemptions by furnishing fake house rent receipts, this may come as a shock to you. The Income Tax department, it is learnt, is now ...

In such cases, the I-T department can also send a notice to the landlord requesting a response, and their tax burden may increase if they disclose the truth. You may also face charges of fraud. If you ...

State laws require rent receipts: Did you give or get one this month? Landlords looking to protect themselves from disputes and potential lawsuits should consider giving each tenant a rent receipt ...