Income on transfer of property for lanlord

This query is : Resolved 

Quick Summary
This discussion addresses how landlords should declare income received from property transfer fees on their Income Tax Return (ITR). The advice suggests declaring the transfer fees under the 'Other Income' schedule. A bank statement is considered sufficient proof for this income.

28 August 2025 AS WE HAVE...JOINTLY..(5 MEMBERS)....HAVE BULDING

ONE OF TENANETS....SOLD ROOM

ON WHICH....RECD......TRANSFER FEES RS-25 LAC....5 LAC EACH


WHERE TO SHOW IN ITR
WHAT ARE THE OTHER DETAILES REQUIRED RO FILE IN ITR

28 August 2025 The transfer fees can be declared under Schedule 'Other Income'
Bank statement is enough for its proof.

21 September 2025 Good luck....


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