House Rent
This query is : Resolved
27 March 2009
I am living in rented house & paying rent say 4000 pm. Also I am doing business in rented office differently & pay rent of Rs. 6000/- pm.
can i take income tax benefit on rent paying for home, just like office rent in business, if yes how ? pls suggest
Thanks in advance
deepak kokal
can i take income tax benefit on rent paying for home, just like office rent in business, if yes how ? pls suggest
Thanks in advance
deepak kokal
27 March 2009
House rent will be debited to capital A/c.
28 March 2009
No you can't.
rent is ur personal expenditure not related with earning any income so you can not take it credit as business rent . however i think deduction u/s 80GG shall be available, subject to the condition mentioned in section 80GG
rent is ur personal expenditure not related with earning any income so you can not take it credit as business rent . however i think deduction u/s 80GG shall be available, subject to the condition mentioned in section 80GG
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