Hi,
My wife has opened a ladies salon business (commercial shop) for which I am paying rent from my bank account. I am working in an MNC and already tax is getting deducted from my salary. I want to know if I can claim any tax deduction on the shop rent just like HRA? (I am staying in my own house and not claiming HRA).
Please let me know what are the options for saving tax on commercial shop rent.
Thanks in advance,
Amol.
CAclubindia
