Salaried individuals claiming HRA under the old tax regime must disclose their relationship with landlords in Form 124 if rent exceeds ₹1 lakh, per Draft Income Tax Rules, 2026.
Mr. Mahesh S. Shetti
Mr. Mahesh S. Shetti is a certified Insurance and savings advisor with India’s leading Insurance providing company LIC. We understand that successful financial portfolio is not dependent on the products, but on the service we provide to our clients and the relation that we build. We work closely with you to build that trust and we guarantee customized and timely service.
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News
The draft Income-tax Rules, 2026 signal a calibrated overhaul of India’s tax compliance framework — raising thresholds for routine banking and property transactions, revising salary perquisite valuations, and expanding exemptions for families, while simultaneously tightening digital scrutiny and foreign income reporting norms.
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Mr. Mahesh Shetti is highly committed to his profession, his community and his faith. He has an outstanding work ethic and his moral standards are of the highest calibre. I would recommend Mr. Mahesh Shetti to anyone without hesitation or reservation.
I was looking for a guaranteed issue policy for myself. After being given the run around by a number of other disinterested agents, I cannot tell you how happy I was to get Mr. Mahesh S. Shetti . He is helpful, polite, knowledgeable, and very fast.
Thanks for all your help. I appreciate all the work you did to help me obtain life insurance when other agents could not accomplish it. Your responsiveness to everything was excellent. I highly recommend you to others that may have had trouble obtaining life insurance. Thanks again