Daughter-in-law income

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This discussion explores whether rental income from a property owned by a deceased father can be declared in his daughter-in-law's Income Tax Return (ITR) to lower the tax burden for his sons. To achieve this, the property would first need to be legally transferred to the daughter-in-law. This typically involves obtaining a heirship certificate (if no will exists) and then executing a gift deed from the son to his wife.

PURUSOTTAM PANDA

PURUSOTTAM PANDA (Querist)

23 August 2023 Sir / Madam,

A house property is in the name of an expired male parent and it is let out.

To reduce the tax liability of his sons, can the rental income from such property be declared in the ITR of one his daughter-in-law?

If yes, what are legal requirements?

RAJA P M

RAJA P M (Expert)

24 August 2023 Property should be transferred to the Daughter in Law by the Legal Heirs.

Ca.Manish Kulkarni

Ca.Manish Kulkarni (Expert)

25 August 2023 First of all get a heirship Certificate (if Will is not prepared) from the Court in the name legal heirs( son) of Deceased person. Thereafter Transfer the rights by executing the Gift Deed in favour of Daughter in law i.e. by Son to his Wife.

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