Claimed HRA but skipped TDS on rent? The taxman wants answers
Source: Live Mint For those with legitimate HRA claims, the issue isn’t proving authenticity—it’s the potential liability for failing to deduct TDS on rent, said Prakash Hegde, a Bangalore-based chartered accountant. “Those who have claimed genuine HRA don’t need to file an updated return,” said Bhawna Kakkar, founder of Kakkar & Company, Chartered Accountants. Read…