House Rent claim from Father
This query is : Resolved
ANURAG SHARMA
(Querist)
07 January 2008
Dear Sir/Madam
I own a residential house. I am presently living with my parents in a rented house for which rent is paid by my father .My query is that whether I can claim rent from my father if they move with me at my owned residence as he is govt Bank employee and what would be its Tax implications on me and my father if any
Please help
Thanks and regards
Anurag Sharma
anurag_sharma777@rediffmail.com
I own a residential house. I am presently living with my parents in a rented house for which rent is paid by my father .My query is that whether I can claim rent from my father if they move with me at my owned residence as he is govt Bank employee and what would be its Tax implications on me and my father if any
Please help
Thanks and regards
Anurag Sharma
anurag_sharma777@rediffmail.com
Late CA Sampat Jain
(Expert)
07 January 2008
OWNER OF A HOUSE CAN ALWAYS EARN RENTAL INCOME FROM HIS HOUSE .......IT IS INCOME FROM HOUSE PROPERTY IN HIS HANDS.
IF SO AGREED , FATHER CAN PAY RENT TO HIS SON FOR USE OF HIS SON'S HOUSE.
FATHER WILL GET BENEFITS OF RENT PAYMENTS IN HRA CALCULATIONS
TAKE CARE RENT PAID SHOULD BE REASONABLE AND NOT ABNORMAL
IF SO AGREED , FATHER CAN PAY RENT TO HIS SON FOR USE OF HIS SON'S HOUSE.
FATHER WILL GET BENEFITS OF RENT PAYMENTS IN HRA CALCULATIONS
TAKE CARE RENT PAID SHOULD BE REASONABLE AND NOT ABNORMAL
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
