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dhanush   02 August 2019

Can i report online transactions of rent as something else?

I have paid 15k /month rent online (bank to bank transfer) in landlord’s account but I don't want to report in my Income tax return as rent paid to someone. Will it be a problem if I report it as payment made to an individual for website development or app development or coaching or professional consultancy? Please reply Thanks.


Learning

 1 Replies

SHIRISH PAWAR, 7738990900 (Advocate)     02 August 2019

You have to correctly disclose your financial transaction to income tax department otherwise you have to be ready for penal action.


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