New I-T Act framework notified; taxpayer relief with stricter compliance from April 1

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The rules have raised house rent allowance limits to 50% of salary in eight major cities including Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Pune, Ahmedabad and Bengaluru, while mandating disclosure of landlord-tenant relationships.

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New I-T Act framework notified; taxpayer relief with stricter compliance from April 1

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