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Rent paod for dependent parents

Others 306 views 2 replies
Does Income tax rebate is applicable on monthly rent paid for dependent parents, as self availing company's accommodation.
Replies (2)

It all depends on local tax laws. It is very important to consult a tax professional or the tax authorities in your area for specific guidance, as the rules vary by jurisdiction. Keep records and consider factors such as residential purpose and dependent status.

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