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Income from house property

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(Querist)
30 January 2017 Can entire rent income be claimed by only one owner even if property is held by joint owners?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
31 January 2017 No. Income to be offered by joint owners in proportion to the ownership.
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ALOK GOEL

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ALOK GOEL (Expert)
31 January 2017 Example - If you have 40% share , then only 40% of total rent of the years received will be your income for that financial year and declare as per that in your ITR.
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