Mirror of Justice - All about Law and More
*Home>>>Family Law

Can I pay rent to my wife for the home owned by her? She is also stayin with me as a family member?


I am planning to do so for claiming Income Tax benefits-to claim exemption for the House rent allowance given by my company. Is it possible?

No. You cannot claim Income Tax benefits-to claim exemption for the House rent allowance given by my company even if your Company may allow it but the Income Tax authorities may not allow it as in your case both you & your wife are living together as spouse & both your income (income of self as well wife)will be clubbed together for the purpose of accessing your taxable income & in this case the Rent to pay her will be her income which will be clubbed with your income to determine your taxable income & even you try claim exemption for the house rent allowance on one hand on the other hand it will be included in your taxable income. Yes you could get this exemption for house rent allowance if this was the house in name of any other relative with whom your income could not be clubbed for the purpose of determining your taxable income.

You can pay rent to your wife for the premises owned by her. Regarding claiming HRA rebate, anyway 10% towards house rent is allowed under IT, I think you can show this in your IT returns. Best thing will be to consult a CA

Wife would have to pick up the income on your return if a joint return is filed. Rent paid has to be at the fair market value.

I dont think it it possible.....

Tags
  Intellectual Property   Insurance Law   Immigration Law   Health Care Law   General Civil Litigation   Family Law   Estates Law   Environmental Law   Entertainment Law   Employment Law   Elder Law   Education Law
Related information
  • What kind of repercussions can I expect if I speak out against agencies who maltreated my family?

    Possibly a lawsuit. But you have the First Amendment behind you. Just make sure you have evidence supporting your claims behind what you are saying.

    ...
  • Is there a legal process where you can "severe" ties with your family/clan in the Philippines?

    No, there is no legal process, you just quit answering their phone calls, and send back mail marked "refused". You are under no legal obligation to have any contact with anyone you do ...

  • Can you drive more than one person outside your family if you under the age of 17 in virginia?

    According to the Virginia Department of Motor Vehicles, from obtaining a driver's license until age 18, a driver may only carry one passenger under the age of 18 during the first year he or sh...

  • What kind of resources are available in Tallahassee area for an uninsured family with a member in hospital?

    Sorry, but it is doubtful you will find any agencies that will help with this. This situation is one of the reasons for so many bankruptcies.

    ...
  • Does the government pay the family of a person on death row?

    He was lying about the payment of the family. But it is costly because of the continuous appeals If appeals were eliminated or given a limit then it would not cost as much. The price comes fro...

  • What if I didn't accept a summons for a family member that has move?

    Yes you were right not to accept this. Make sure you have some proof of your own identity handy in case they or the police come back. If you have any information about where your relative is, or if...

  • Is there a group that helps fight court battles for men who have been wrongfully accused of family violence?

    Not specifically, but you will get some support and advice from your local father's rights group. Here's a legal website that provides general information on criminal cases: ...

  • My daughters father or his family has not seen her in a year?

    Another choice to consider is revoking his parental rights to the child so that he can never have visitation again or get a chance to change custody to his favor in the future. If you need the mon...

  •  

    AD Service--Categories--Copyright/IP Policy--Contact Webmaster