Payment of House Rent to wife

[Pradeep Jain]

Sir,

Our house is in the name of my wife . Can I get the House Rent Rebate of Income for Rent paid to my wife?

Regards

 

Pradeep Jain

[raju sridhar]

sir,

This is my personal opinion- Since no mention is made in the Act, the spouse can also be treated as separate - individual, if spouse is also assessed to tax and is having income ,  the rental income can be shown in the it return with all provisions for deduction u/s 24 like municipal taxes, 30 percent SD etc. it also increases credit worthiness of the spouse. but please make sure that the spouse income is assessed to tax properly and keep all documents to satisfy the officer. It is pure tax management. Still some one may throw more light on this.

sridhar

 

AI Summary

Payment of rent to spouse: rental income should be disclosed by owner spouse with allowable deductions, subject to assessment and records. Rent paid by one spouse to the other should be shown as rental income in the owner spouse's tax return and may be reduced by deductions under income tax law, including municipal taxes and the standard percentage deduction for repairs; ensure the spouse is properly assessed to tax and keep documentation to satisfy tax authorities.