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Income from house property

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(Querist)
20 July 2012 i purchased house in joint name with my wife, and let out it.
Kindly advice me how the rental be taxed.
Would it be taxed in my hand only as deemed income or be taxed 50/50 in both hands.
Thanks
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CA. Praveen Narayan

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CA. Praveen Narayan (Expert)
20 July 2012 It should be taxed in the proportion of your % of ownership in the house property
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SANYAM ARORA

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SANYAM ARORA (Expert)
20 July 2012 It should be taxed in 50 : 50 Ratio.




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