Can we show rent paid to parents as investment proof for HRA. Considering they are the owner of the house. And I stay with them in gurgaon, and my job location is bangalore and currently doing work from home. Is it legal and valid?
If valid then, transferring rent amount through gpay or paytm to their bank account ,is it the correct/legal way?
Pls advice. TIA!

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Yes it is, as per my understanding if you have:
1. Rent agreement in your name.
2. Your mother/father on whose name rent agreement is should declare the rent amount in there itr in other source of income.
3. You pay rent monthly to them - use imps.

If the above 3 are covered you are fine. For rent above 8.3k per month .. if you are declaring below 8.3k then no need to follow any of the above steps. Just declare on your company hr it declaration

helpful

Just in case IT department wants proof ,then those three are going to help,even if it's below 1 lakh per year.

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