Claiming HRA by paying rent to parents is completely legal. But it must be genuine, documented, and transparent.
Until recently, taxpayers typically had to wait weeks or even months for refunds.
Here's a breakdown of the updated deadlines and what each category of taxpayer needs to know.
The Excel-based utility for ITR-3 is now available on the official income tax e-filing portal.
Taxpayers eligible for a refund may now earn over 30% more interest on the refund amount.