Money sent to parents- Can deduction be claimed


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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

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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