While there's no specific case law directly addressing this scenario, the general principles of HRA exemption apply. The tax authorities will scrutinize the genuineness of the rent payment and the relationship between the assessee and parents.
While there's no specific case law directly addressing this scenario, the general principles of HRA exemption apply. The tax authorities will scrutinize the genuineness of the rent payment and the relationship between the assessee and parents.
If deductor fails to deposit TDS, donât worry as there are some landmark cases in India that support the assessee's (taxpayer's) rights when the deductor (employer) fails to deposit TDS with the government:
Income from Futures and Options (F&O) and regular share trading income differ in terms of instrument traded, purpose, and taxation.
Before coming to How the...
