Tax Treatment on paying rent for Car Parking Space

Tax queries 832 views 10 replies

Hi,

I am owning a flat. Paying EMI.

I also rented car parking space and paying the rent on monthly basis. Is the rent paid for the same can be claomed for tax benifit under any section? Please guide. Thank you. 

Replies (10)

No. Not eligible, unless you be getting any such perks from your employer, or have any income u/h. PGBP.

If you are a business owner / professional and can show that car is purchased for the purpose of business and ancillary expenses are made wholly and exclusively for the purpose of business/ profession, you may be able to claim expense. Claim has to be substantiated on facts in case of query.
Kal koi puchega mene kapde liye pehne k liye...kapde khareedne ka koi tx benefit he kya

Thank you for your clarification.

I guess my question was far better than your answer Mr. VS

Thrre must be sufficient backup.

Ha na pahen sakte ho

Sorry, I am not getting this. 

thank you for clarifying 

got it thanks a lot. 


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