Money sent to parents- Can deduction be claimed
This query is : Resolved
Quick Summary
25 July 2023
I'm working in a different city from my hometown. Every month I send some money to my parents for their monthly expenses. Can I claim deduction in income tax in itr 3 or can I show it as expenses? Thanks
CA R SEETHARAMAN
(Expert)
25 July 2023
Such payment to parents can't be claimed either as deduction or expenses.
25 July 2023
No. Unless you pay it in lieu of any services render by any of them in your business or profession no such deduction can be claimed.
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