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Fake Rent Receipt Won’t Help You Lower Tax Burden Anymore

For as long as anyone can remember, producing fake property rent receipt, often from parents and relatives, has been an easy way to lower tax burden. Such cavalier disregard for tax rule was overlooked by most employers as well as taxman, who possibly felt it was a minor transgression. Perhaps, not anymore.The income tax department now has good reason to insist on proof from the tax payer showing that he is indeed a genuine tenant, staying in the property [...]