House Rent claim from Father

This query is : Resolved

ANURAG SHARMA (Querist)
Follow

07 January 2008 Dear Sir/Madam

I own a residential house. I am presently living with my parents in a rented house for which rent is paid by my father .My query is that whether I can claim rent from my father if they move with me at my owned residence as he is govt Bank employee and what would be its Tax implications on me and my father if any

Please help

Thanks and regards
Anurag Sharma
anurag_sharma777@rediffmail.com

Late CA Sampat Jain

Late CA Sampat Jain (Expert)
Follow

07 January 2008 OWNER OF A HOUSE CAN ALWAYS EARN RENTAL INCOME FROM HIS HOUSE .......IT IS INCOME FROM HOUSE PROPERTY IN HIS HANDS.

IF SO AGREED , FATHER CAN PAY RENT TO HIS SON FOR USE OF HIS SON'S HOUSE.

FATHER WILL GET BENEFITS OF RENT PAYMENTS IN HRA CALCULATIONS

TAKE CARE RENT PAID SHOULD BE REASONABLE AND NOT ABNORMAL