
Salaried individuals claiming HRA under the old tax regime must disclose their relationship with landlords in Form 124 if rent exceeds ₹1 lakh, per Draft Income Tax Rules, 2026.
With Mr Ashutosh Das at the helm of “asurelife FinTechSolutions”,Our team of qualified and passionate people look after your financial portfolio. Mr Ashutosh Das is a certified FinTech advisor with LIC, who has been taking care of all his clients’ financial needs whether its long term investments for education of children, retirement or short term requirements like holiday plans etc. With over 35 years of experience behind us, we understand our customers better than any other investment company in the industry.
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Salaried individuals claiming HRA under the old tax regime must disclose their relationship with landlords in Form 124 if rent exceeds ₹1 lakh, per Draft Income Tax Rules, 2026.
The draft Income-tax Rules, 2026 signal a calibrated overhaul of India’s tax compliance framework — raising thresholds for routine banking and property transactions, revising salary perquisite valuations, and expanding exemptions for families, while simultaneously tightening digital scrutiny and foreign income reporting norms.
