If you're sending money to your parents for their monthly expenses while you work in a different city, you generally cannot claim this as an income tax deduction or expense. This is because such payments are not considered business expenses unless they are in lieu of specific services rendered by your parents to your business or profession.
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