#ZeeBusiness Income Tax Rent Rule: Cash Payments Risk Suspicion & IT Notice; Digital Record is Key!
Income Tax Rent Rule: Cash Payments Risk Suspicion & IT Notice; Digital Record is Key!
Paying house rent in cash, even in today’s digital age, can lead to strict investigation by the Income Tax Department, especially if there’s a difference between your income and expenses. Cash transactions without a record may be considered suspicious, leading to a notice. The safest way is to use digital options like UPI, bank transfer, or check and keep all payment records, rent agreement, and landlord’s PAN to ensure safety and transparency.
#RentPaymentRule #IncomeTaxIndia #CashVsDigital #ITNoticeRisk #TDSonRent #FinancialSafety #DigitalIndia #RentAgreement #TaxCompliance #SmartTenant
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