03 May 2016
If there are same 4 co-owners to 3 properties which are rented out and one of the co owner surrenders his right in favour of others to receive rent ,From an income tax point of view what would be the best way to take rent equal sharing amongst 3 or for each property or rent from one property goes to one person .How does one show in it returns in each case. please advise. Thanks in advance.
03 May 2016
As i understand your query Now there are 3 owner and 3 property. So as per rule all 3 should take share of own sharing from Rent from all three properties.
Abhishek Ranjan Singh ARS Solutions www.arssolutions.co.in +919022838615
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