Sumit Upadhyay
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Can I show rent paid to my parents?

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Can I show rent paid to my parents?
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1 Answer

  1. Yes, when you pay rent to your parents, this payment shall be taxable for them. The rental income paid by you to them is supposed to be reported under the head of “income from house property” as a part of their Income tax return.
    However, it may be available for them to claim property taxes paid by them and further claim a standard deduction of about 30% from this rental property income.

     

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