Question: My tenant wants to pay her rent each month in cash, which is fine with me. However, she wants me to give her a receipt. Do I have to give her a receipt just because she pays cash? Answer: ...
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Income Tax Rule: Do you also pay house rent in cash? Ignoring this Income Tax rule could result in a notice...
Paying rent in cash can put you at risk of income tax scrutiny. The Income Tax Department may consider unrecorded cash transactions suspicious and issue a notice. To be safe, always pay rent via UPI, ...
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