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RE:my own flat
by Vishal Dattani on Jun 01, 2007 10:28 PM

If the flat is in parents name (preferably in ur mom's name) then u can show as rent paid to ur mom / dad. but it would be considered as income for ur mom / dad. so if they come under the tax slab, then they would have to pay tax on the taxable income.

regards
VD

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Tax-smart housing loans!