Did you know that you can save tax by paying rent to your parents?
Are you a salaried individual? Are you getting an HRA?
If yes, then you can save tax by paying rent to your parents.
For this, you'll have to prepare a rent agreement and save the rent receipts.
An important thing to note is that the ownership of the property must be your parents and you shouldn't even be the co-owner of the property.
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