House rent: Many people use different methods to avoid income tax. Some people invest in schemes that offer tax exemptions. There are some people who apply rent receipts to get HRA exemption to avoid income tax.
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AI tool help
Now the Income Tax Department is using AI, i.e., an artificial intelligence tool, to deal with those who take tax exemption by applying fake receipts, through which the details given in the form are mixed with the transaction related to the PAN card.
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Punishment
Those who will be found guilty in the eyes of income tax, that is, when it is clear from the documents of both the landlord and the tenant that the tenant has not paid as much rent as he is claiming or has not paid the rent at all, then the Income Tax Department can take action.
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