India's Real Estate Reshuffle: HRA Shifts, Infra Surge

Picture this: You're a salaried professional in Mumbai or Bengaluru, shelling out over a lakh rupees monthly on rent. Come April 1, you'll need to tell the taxman exactly who your landlord is—especially if it's family. Ignore it, and you risk your HRA claim getting rejected, penalties piling up, or worse, a tax notice. Mint reports that these new rules aim to plug loopholes in House Rent Allowance claims, targeting high-rent scenarios above ₹1 lakh annually where relationships with landlords...