House property.

This query is : Resolved

Amitabha Das (Querist)
Follow

03 June 2019 Sir,I reside in my parent's house with my family.House owner is my mother.Idon't give any rent.Basically we all live in this house with my motherand family.Sir therefore filing itr-4,on behalf of me(as I'm earning member)what to be select in place of House property?Will it be selcted as Self occupied(although house owner is my mother) or better to not select anything?Without selecting anything,will ITR-4 be processed?Thanks in advance sir.

CA Kratika Golechha

CA Kratika Golechha (Expert)
Follow

04 June 2019 Hi Amitabha,

Since you are not the owner of the property, you are not required to select anything. Your ITR 4 will be processed without showing anything in the head " Income from house Property".
However, if any interest is being paid on the loan taken for house, your mother should file the ITR showing as self occupied and claim the same.

Thank You.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Anoop

Vidit Ratanghayra

Rasheed Mohd Abdul

Choudhary

Raj Gupta

Subscribe Now

House property.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Manager- Finance and Compliance

CA Final

GST CONSULTANT

Accountant

GST CONSULTANCY