My son, who gets HRA from his employer, stays in my house and pays rent to me. Will the rent be included in my income? Can a son pay rent to his father if he resides in his house and claim tax exemption for it?
Yes, your son can pay you rent for staying in a house owned by you and can claim exemption for it from the HRA paid to him by his employer. The basic condition for claiming this exemption is that he should be actually paying the rent to you. The rent he pays you will be included in your income under the head income from house property and taxed as per the applicable rates.
Yes, your son can pay you rent for staying in a house owned by you and can claim exemption for it from the HRA paid to him by his employer. The basic condition for claiming this exemption is that he should be actually paying the rent to you. The rent he pays you will be included in your income under the head income from house property and taxed as per the applicable rates.
