About house rent


This query is : Resolved 

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A person received house rent amounting to ₹130,000 in cash, paid at ₹13,000 per month. They inquired about declaring this income in their tax return. However, without a rent agreement and ID proofs, substantiating cash receipts exceeding ₹1 lakh is problematic for tax purposes, especially when the tenant is a relative.

04 June 2024 I have recieved house rent for rupees 130000 as cash. 13000 per month. can i show in income tax.

04 June 2024 Do you have relevant rent agreement with ID proofs of tenant?

04 June 2024 No my relation is giving to me .shall i show in itr.

04 June 2024 Without rent agreement you will not be able to substantiate cash receipts, which is otherwise barred above 1 lakh in such case.


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