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. 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 🙂