Sir,
I am an NRI .I own a residential property ( two storied house) in Kerala.The property (both floors) is occupied by me and my family.During construction and registration around 15 years back the house ( the land is single owner in my name - inherited from parent) was registered with two different house number with both houses in my name ;one for ground floor and another for first floor.

Both the floors are occupied by me and my family ( wife three children and me).

Kindly advise
1.If there is a tax implication as it is two houses ( based on two house numbers) even though not rented.
2.Can I transfer one to my wife's name ? Will there be any tax impact on me or my wife if the transfer is made likewise ?

Kindly reply
thanks and regards
Augustine Kachiramattam

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Dear expert,

My flat is registered with wife and myself. I will be claiming tax deduction on loan interest amount.
Rent agreement is with wife only and rent is deposited in wife's account. As total rent is below 2.10 lac..,
Do my wife need to file ITR ?
Or rent income need to shown in my income?
How to avoid it?

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