ilmscore | Prediction Details
"you can pay rent to your parents if you stay in your home while working and claim that H But that rent is still taxable in their hands now they can use section 24 to claim a reduction of 30% percentage of their annual rental income as repair and maintenance expenses"
By Finance With Sharan | April 29, 2023 | Pending
From video
The ULTIMATE Guide to SAVING TAXES Through FAMILY | Finance With Sharan 00:04:47 - 00:05:02
Interpreted Prediction
Paying rent to parents while living with them can be claimed as HRA, and parents can claim a 30% reduction on rental income for maintenance, leading to tax savings.

Prediction Details

Topic
Tax Savings on Rent Paid to Parents

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