Hello,
I am receiving House Rent Allowance or HRA of Rs.5000 p.m. I am paying this to my Father and providing the Rent Receipts to my company for tax Deduction purposes. My Father has taken a home loan hence he pay. minimal tax on this while filing his return.
Somebody told me that this is not allowed and that u cant pay rent to ur family members...is it true ?
2007-03-03 18:36:40 · 10 answers · asked by Raj_2556 1 in Business & Finance ➔ Taxes ➔ India
you can pay house rent to your father & obtain receiopt from him for rent paid provided he has a seperate income tax file in which house rent income is shown in the I T return
2007-03-04 01:26:57 · answer #1 · answered by bora_nc 2 · 0⤊ 0⤋
Father who is an independent I.T assessee can receive rent from you for occupying the accommodation built by him by raising a loan. But if he is shown inyour company records or elsewhere as one dependent on you , then you will be in breach of the law.
2007-03-04 02:29:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Hi, its ok if u r paying rent to ur father and he is showing as his income in his return.it is valid.u r seperate from ur father not dependent on him. u both r filing different tax return. it's valid.
2007-03-04 01:56:47 · answer #3 · answered by Honey 1 · 0⤊ 0⤋
Its ok to pay house rent to your father. Make sure your father reflects this as his income.
2007-03-03 20:12:23 · answer #4 · answered by sonali_n 2 · 0⤊ 0⤋
Rent is rent, It could be anyone, but check it out with the rental boards.
2007-03-03 19:15:33 · answer #5 · answered by Anonymous · 0⤊ 0⤋
properly initially, you would be unable to do no longer something for him threatening to throw you out, you fairly could desire to attend till it occurs. initially, take photographs of all your belongings in his domicile, this could instruct objectively which you reside there. 2d attempt and have a witness who isn't concerning to the dad(pal) see you pay him the money the subsequent time. 0.33 it rather is illegitimate to kick somebody out of an area of abode in spite of if there is not any written settlement. He could desire to get an eviction be conscious from the court docket and supply it you. Or in writting supply you ninety days to go. there is not any assure the court docket will have self assurance something you or him say settle for which you lived there. The court docket does not have self assurance a guy or woman who basically denies each and everything. to illustrate, he won't be able to faux you on no account lived there, the court docket would be responsive to he's mendacity and in spite of if he's not it fairly is going to assume he's. additionally get neighbours to testify that they observed you contained in the place of abode generally, it fairly is going to bolster your declare of residency. as quickly as he kicks you out illegally sue him for money, it fairly is the only element you're able to do. you'll be waiting to sue him for my greater time to permit you to go out. in case you have a camcorder then use it every time your around him. it could piss him off even nevertheless it fairly is going to likely be best for you return court docket date. once you are able to instruct he's the indignant dereanged guy or woman who's unreasonable.
2016-09-30 04:25:33 · answer #6 · answered by ? 4 · 0⤊ 0⤋
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2007-03-03 19:19:04 · answer #7 · answered by surez 3 · 0⤊ 0⤋
Never heard of such thing. Lots of relatives pay rent to their relatives..... pretty typical. n
2007-03-03 18:43:47 · answer #8 · answered by Nikki 7 · 0⤊ 0⤋
That depends on where you live and what their laws are? You should check with an attorney.
2007-03-03 18:49:01 · answer #9 · answered by Anonymous · 0⤊ 0⤋
You better find out for sure!
2007-03-04 01:40:19 · answer #10 · answered by Anonymous · 0⤊ 0⤋