Rent
This query is : Resolved
P dandekar
(Querist)
21 December 2012
Sir,
In order to save tax i want to show that i pay rent to my father(ownership flat).( Rent amount around Rs.10,000/-pm.)
what requirements are to be fullfilled.
Pl reply me soon as i have to give details to my employer.
Regards
PK Dadnekar
In order to save tax i want to show that i pay rent to my father(ownership flat).( Rent amount around Rs.10,000/-pm.)
what requirements are to be fullfilled.
Pl reply me soon as i have to give details to my employer.
Regards
PK Dadnekar
ACS Gaurav Jain
(Expert)
21 December 2012
IT WILL NOT BE GENUINE TRANSACTION . YOUR FATHER HAVE TO SHOW SAME THING IN INCOME .
ACS Gaurav Jain
(Expert)
21 December 2012
GIVE YOUR EMPLOYER A COPY OF RENT RECEIPT
Pankaj Gupta
(Expert)
21 December 2012
It will save tax only if your father have income not exceeding the maximum exemption limit including the rent amount.
Pankaj Gupta
(Expert)
21 December 2012
Draw a rent agreement and then tell your father to issue you monthly rent receipts. Then deposit the annual rent receipt together with the agreement with your employer.
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
- EPF ECR NEW FILE SEP 17TH 2026
- GST on Renting godown to KFCSC for Storage of Raagi
- TAX AUDIT ON PROFESSIONAL INCOME
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- Import of Software Service.
- TDS on Fixed Assets purchased
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
