Form 124 HRA Rules 2026: Paying Rent to Parents Now Needs Relationship Disclosure
From April 2026, Form 124 replaces Form 12BB and introduces mandatory disclosure of relationship with the landlord for HRA claims. Taxpayers paying rent to parents must ensure proper compliance to avoid penalties.
Sanjay Patel
@sanjay_tax
Tax Consultant
Tax Consultant | NRI Taxation & FEMA | Serving the Indian diaspora | Ahmedabad | 20 years experience.