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Rent to Husband

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(Querist)
02 April 2010 Dear Sir,

Can a proprietor ship firm owned by a wife pay rent to her husband for his factory ? is this expense allowable in income tax act.

Thanks in advance
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
02 April 2010 YES IT IS ALLOWABLE. IF ANY UNJUSTIFIED AMOUNT IS SHOWN ONLY THEN THE ITO CAN OBJECT.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
02 April 2010 yes, agree with sanjayji
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