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.).  |
Hyderabad ITAT: Reassessment on Same Material Is Change of Opinion
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Hyderabad ITAT quashes reassessment as change of opinion, holding that the
same material accepted in scrutiny cannot justify reopening under Section
148.
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5 days ago
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