![]() Further, such individuals may have to pay additional taxes, along with interests and penalties. If the person fails to submit the required documents, the authority may reject the claimed exemption. The assessing officer can ask for proof of claimed tax deductions. On data mismatch, the department may send a notice seeking valid documents, initiate scrutiny, or cancel the HRA exemption. ![]() Here are different types of punishments, for creating fake rent receipts: The level of punishment for creating a fake rent receipt can vary, depending on the amount of rent and the type of forgery. Let us find out various punishments for faking a rent receipt. ![]() The punishment for a fake rent receipt could be very severe and it could land employees into serious trouble. But if the IT department finds your claims to be fake, it will result in penalties for misreporting or under-reporting of income. If you fail to submit any proof, the taxmam will disallow the claimed exemption. Using technology, the income tax department monitors your filings and will instantly issue a legal notice asking for proofs in case of any dubious deductions that have been claimed. See also: Know about Section 80GG Fake rent receipt punishment However, many employees fake the rental agreement and rent receipt to claim HRA benefits. ![]() It is mandatory to furnish relevant documents validating the claimed tax exemption. In some cases, employees submit the rent receipt to claim HRA calculation & HRA exemption even if they own a home in the same city.Ĭurrently, there is no law that stops a person from staying on rent at their parents’ or relatives’ house. In many cases, people who use fake rent receipts do not mention the PAN detail or they mention a wrong PAN detail, which gets revealed during the verification. It is also mandatory to mention the PAN number of the landlord in the rent receipt if the rent payment is more than Rs 1 lakh in a year. Know that claiming HRA deduction in this case is legal for as long as you actually pay the rent to your parents or relatives and they pay income tax on the rental income thus generated. In some cases, employees who live in their own homes transfer the payments to their close relatives like brother or sister and get the rent receipt from them to claim the HRA benefit. Tenants sometimes generate fake rent receipts using online rent receipt generators or by filling rent details in a rent receipt format and they sign it in the name of a bogus landlord to perpetrate it as an original receipt. See also: Importance of house rent slip in claiming HRA tax benefit Some people despite living in their own homes produce fake rent agreement and receipts for claiming the HRA benefit. So, HRA helps in significantly bringing down the effective tax outgo of the employees. Can I claim HRA if I live in my parents’ home and pay the rent to them?Īccording to the IT Act 1961, HRA offered by the employer is not taxable, subject to eligible ceiling worked out based on Basic salary, HRA, and the actual rent paid by the employee.Things to keep in mind to avoid charges related to fake rent receipt.Responsibility of employers to check for fake rent receipts.Up to 200% penalty on income under-reporting.The school system will also provide additional required training for all school and district-level employees focused on recognizing potentially fraudulent documents, Oterling said. Charles Parish Public Schools is now reviewing enrollment procedures and conducting an audit of enrollment documents of all current students, Superintendent Ken Oterling said at the news conference. She caused no trouble, she was not a disciplinary problem.” “She was in school, she minded her own business, she did her schoolwork. “The young woman wanted to become proficient in English and perhaps further her education, which I think we can all be sympathetic with,” Champagne said. Charles Parish Sheriff Greg Champagne said during a news conference Wednesday. Gutierrez-Serrano told investigators she enrolled in school to learn the English language, St. It wasn’t immediately clear whether they have an attorney. News 12 New JerseyĢ9-year-old woman faces charges for posing as teen at New Jersey high school, police sayīoth were arrested this week and charged with one count each of injuring public records, the release said. A 29-year old woman has been arrested after allegedly posing as a teenager and attending classes at New Brunswick High School.
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