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Paying Rent through Axis Vistara Signature

rj_arora

TF Premier
VIP Lounge
Hi guys, I live in a Tier-4 city, and I am paying rent to my father currently through Axis Vistara Signature (20,500) per month, using magicbricks. I have three questions-
1. I am paying 20,500 per month, so the income against his PAN is below 2.5L per year. Can I pay more, too (below 5L per year) and show that in ITR? Is it fine to pay 5L a year's rent in a small city?
2. Is magicbricks the most cost-efficient (They charge about 200 for 20.5K)? Or are there any other better services?
3. Is Axis Vistara Signature good for this? I am eligible to get Magnus also, but I don't know how will I spend 1L per month there.

Waiting for your valuable inputs 🙂
 
Solution
Hi guys, I live in a Tier-4 city, and I am paying rent to my father currently through Axis Vistara Signature (20,500) per month, using magicbricks. I have three questions-
1. I am paying 20,500 per month, so the income against his PAN is below 2.5L per year. Can I pay more, too (below 5L per year) and show that in ITR? Is it fine to pay 5L a year's rent in a small city?
2. Is magicbricks the most cost-efficient (They charge about 200 for 20.5K)? Or are there any other better services?
3. Is Axis Vistara Signature good for this? I am eligible to get Magnus also, but I don't know how will I spend 1L per month there.

Waiting for your valuable inputs 🙂
1. Paying rent comes under taxation but your limit is there, but filing income...
There is trick for magicbricks if you want to use it. i pay fees of 100 for 20k rent. Just don't save your card/ remove if saved, and you will get upto 250 rupees discount if it's the first rent payment of the month.
 
wow, it worked. Thanks bro!
@TechnoFino @Subhankar @mixton Previously, I used to pay rent on magicbricks on my father's upi id but I deleted that id some days ago. Now, this month, I paid rent to same old upi id again but that id is invalid now. What to do? Will they automatically return my money? Or should I contact Axis customer care? Or should I contact Magicbricks customer care? What to do???? Please help
 
There is trick for magicbricks if you want to use it. i pay fees of 100 for 20k rent. Just don't save your card/ remove if saved, and you will get upto 250 rupees discount if it's the first rent payment of the month.
I tried I am not getting discount
Is there anything I have missed?
 
Update from PayZapp team: there is a problem with high value payments ( above 1L ) which will get resolved by EOD today.
Axis Vistara Card payments of smaller value (like a test payment of 100) went though. So no problem with Axis, seems to be an issue with PayZapp only.
 
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