Hello Again ,
I have a joint property with my brother and has been given on rent.
Rent + TDS is taken only in one name.i.e in my name. Also the rental agreemnent has been made in my name.
Question is, is it ok to get rent in one name?
Property has been in rent for 10 plus years overall.
Also now I wish to change . i.e will be making an rental agreement in his name and take the rent in his name in full.
Kindly let me know if this is fine. Or will there be tax implications because I am changing agreement
and income will be credited to his account.
CAclubindia
