My mother is the owner of house.If she gives it on rent to my wife for Rs. 4000/pm. my wife further rents it to me for Rs. 10000/pm. Can I claim HRA deduction from my salary on account of rent paid to my wife by me.
Please do not involve your wife and mother in these transactions as running to ITO for explaining your tax returns and other related issues will prove costlier.
You can directly take it from your mother on rent. Your mother is exempt from taxation upto a basic limit of Rs. 1,80,000. If she is a senior citizen then first 2,40,000 is exempt.
Why enter into complicated dealings and put her in trouble?
Dear Friend, In addition to what dear Subasu had already told u, plz. don`t go for 10K rental figure blindly. Calculate on ur own from ur basic salary, how much rent should be there to get tax free HRA.
Claim this rent amount paid to ur mother only & don`t involved ur wife in between.
While paying rent to ur mother plz. do calculate her own tax liability too.
for her age below 65Y, the zero tax limit is 1.9L Rs. & for age 65+ the same `ll be 2.4L Rs.
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