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.
10 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183249 Points)
Replied 24 August 2022
No. Not eligible, unless you be getting any such perks from your employer, or have any income u/h. PGBP.
Adv. Ravish Bhatt, ADIT, CIOT
(Dual Qualified Lawyer/ Solicitor International Tax Affiliate CIOT)
(1110 Points)
Replied 24 August 2022
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.
veerendar singh
(tax consultant)
(3306 Points)
Replied 24 August 2022
Kal koi puchega mene kapde liye pehne k liye...kapde khareedne ka koi tx benefit he kya
Dibyendu Banerjee
(11 Points)
Replied 24 August 2022
I guess my question was far better than your answer Mr. VS
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