Tax Benefits – House Rent Allowance (HRA) Vs. Rent Free Accommodations (RFA) Posted: 25 May 2013 06:51 PM PDT In case the House Rent Allowance (H.R.A.) is provided then there will be a tax savings (Please refer Valuation sheet for details). The above mentioned savings is mainly because of the methods Income tax act and Rules employs for valuation of taxability of H.R.A and Rent Free Accommodations (R.F.A.). |
Penalty for Non-Compliance with Tax Information Powers Raised to ₹25,000
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The Finance Bill proposes a sharp increase in the penalty for failing to
furnish information. The move aims to improve compliance and deterrence.
The pos...
12 hours ago
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