Income Tax Update: Big relief to HRA claimants, know the latest update from Income Tax Department..

Income Tax: The Income Tax Department has given big relief to the taxpayers in the matter of HRA (House Rent Allowance) claims. Especially for those taxpayers whose House Rent Allowance (HRA) data was not matching, this is news of great relief for them. The Central Board of Direct Taxes (CBDT) has said that at present no special drive is being run to investigate cases related to HRA claims.

The Central Board of Direct Taxes (CBDT) has said that there have been cases of some discrepancies being found in the HRA claims made by taxpayers and the data available with the Income Tax Department. However, no special campaign of any kind is being run for these cases. The Income Tax Department has warned the concerned taxpayers regarding the issues that have come to light so that they can improve upon it in the future.

Taxpayers should not pay attention to rumors
The Central Board of Direct Taxes (CBDT) has clearly stated that the purpose of e-verification was to alert taxpayers about such matters. At present, no special campaign of any kind will be run to reopen those cases. The things said in some media reports are completely baseless. Taxpayers should not pay attention to such rumors.

What is the matter?
Let us tell you that for the financial year 2020-21, a huge difference was found in the data of the employees who claimed rent and those who were given rent. After analyzing the data, many such cases came to light, on which the Income Tax Department had also issued notices to the concerned taxpayers. However, during this period only those cases were investigated whose amount was very high or had high valuation.

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