Hello Sir,
I'm in tax slab of 20% and i own a property and stay in it.
To cliam the HRA one has stay in rented house, so can i execute GPA in my mother name to give her right to collect the rent. Now after my mother becoming GPA holder, can i pay rent to my mother (who will be GPA holder to collect rent) and claim tax excemption. I will also file tax return for my mother also. As this is only income for my mother, she is will be excempted from tax slabs.
Does this GPA need to be registered?? or stamp paper with franklin is sufficient?
Looking fwd for your opinions
