Help needed on tax planning for rent

HI , There  is no such provision under the income tax act regarding limit of rent , but however while computing the income from house property , yes standard rent is to be taken into consideration which is generally fixed by the municiple authority for a locality for the purpose of collection of municiple tax , if actual rent is higher than the standard rent then such actual rent will be the income ,  also  if you want a complete legal matter you need to have receipt of the rent , so before claiming exemption of HRA under section 10(13A) , you also to consider that higher the your expense , higher will be your parents income .

Thanks Shashank. I am a CA myself but since I have been in service...forgotten the Indian law.  since my mom is a senior citizen, even if I show a big rental income for her, she still get taxed in the 10% bracket compared to 30% for me.

Hence just wanted to know that by showing a rent which is 3 times the market value..I am not doing anything illegal