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Summary: The computation of the perquisite value of rent-free accommodation is governed by Section 17 of the Income Tax Act, 1961, which defines perquisites to include the value of such accommodation ...

You live in a rented house. You actually pay the rent of the house, i.e. the rent receipt should be in your name. The amount obtained by deducting 10% of the actual rent paid by you from your ...

Rent receipts serve as proof of rent payments and are essential for claiming tax benefits like House Rent Allowance, I have earlier discussed about the manner to claim HRA exemption by using fake PAN ...

While three individuals were entitled to occupy the premises rent free, no documentation was provided to verify the circumstances of the remaining occupants. At a PAC meeting on October 14 ...