Hi
My mother has given me registered power of attorney of commercial property. I am managing it and keeping rent of it.Can I show income of this property as my own in the category of " income from other sources".
Kanwardeep Singh (12 Points)
06 April 2017Hi
My mother has given me registered power of attorney of commercial property. I am managing it and keeping rent of it.Can I show income of this property as my own in the category of " income from other sources".
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 06 April 2017
"Can I show income of this property as my own in the category of " income from other sources"
No, its taxable in the hands of your mother. But, you can keep it as taxfree gift in your hand!!
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