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
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
Neither deductions nor expenses you may claim. This all money you sent to your parents for the basic needs. you are working means a salary based i assume . But you can not claim either deductions or expenses in your ITR.
Not salaried but a professional. Hence wanted to know if i can claim it as expenses in my balance sheet
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