For Example : owner for the self occupied property is father . Son lives with his father together . can son pay electricity bill from his account and do entry as drawings .
According to income tax ?
Is it correct ?
6 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195608 Points)
Replied 18 June 2025
Yes, allowed as personal expenditure..
Arihant N
(Student)
(11 Points)
Replied 18 June 2025
Full amount can be taken as drawings and half amount can be paid by father
Half amount can be paid by son?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195608 Points)
Replied 18 June 2025
Yes, allowed if the amount is not claimed as an exemption.
Arihant N
(Student)
(11 Points)
Replied 18 June 2025
Ok sir thank you so much
Its not taken in any exemption
Only in drawings in both father and son account
Ok sir
SUSHANT BIDAYE
(687 Points)
Replied 19 June 2025
It is a personal family arrangement in a joint family.
So no tax implications
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