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HRA exemption: Claiming House Rent Allowance tax benefit? Keep these 5 important documents handy in case income tax department asks

IndiaTimes Wednesday, 3 April 2024
Employees claiming HRA exemption must maintain valid rent agreements, receipts, and payment proofs. Cash payments over Rs 2 lakh may incur penalties. Electronic payments are recommended. Landlord's PAN is crucial for rent over Rs 1 lakh.
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