Rent paid to parents

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rishabh (Querist)
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20 November 2014 experts, I m earning 33000 pm and I am living with my parents. I want to claim rent expense from my income. can I pay notional rent to my parents..?if yes,then how?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 November 2014 you dont pay notional rent. you gotta pay it in real and it has to be included in your parent's income.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 November 2014 you dont pay notional rent. you gotta pay it in real and it has to be included in your parent's income.

shivaji prasad bhimavarapu

shivaji prasad bhimavarapu (Expert)
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21 November 2014 Check on whose name the house is.Pay to the owner though he may be your father or mother.It should be taxable in their hands.If he/she is not the owner, the income received by them from you will be taxed under Income from other sources.Any way you should be able to produce the Rent Receipt.

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