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Can I make a my HOUSE RENT AGREEMNT in the favour of my wife
(LAND LORD) of Rs. 25000/- (twenty five thousand per
month).
if yes then what are the liabilities on me and my wife
(land Lord) w.r.t INCOME TAX Act.
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Answer / guest
Yes.. But U cannot use exemption under section 80GG.
Liability will only be on u.
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