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If my flatmates are not using Landlords PAN, can I inflate my rent to get more tax rebate?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

If my flatmates are not using Landlords PAN, can I inflate my rent to get more tax rebate?

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Open uri20170510 32134 1c996lj?1494421732 answered

Yes. You 'can'. It would however be illegal. You pay tax on your personal income, and you're given rebate for certain personal expenditures. The rent your flatmates pay for is not your personal expenditure. Even if you had their consent to do so, your effective income would go up proportional to your rent payments (they pay you rent, you pay rent to landlord), nullifying the rebate. In the real world, there is a very tiny chance that you'll get caught doing this akin to being charged for littering. But, it is not legal, and personally I would prefer my peace of mind over the saved taxes.

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