House Property
This query is : Resolved
29 July 2009
Dear All,
Can the Husband let out his house property to his wife. They are staying together. He does not have any other house property. Can he show the rent received from his wife as income from House Property and claim interest U/s 24?
(Interest amount is exceeding 150000/-)
Dear All,
Can the Husband let out his house property to his wife. They are staying together. He does not have any other house property. Can he show the rent received from his wife as income from House Property and claim interest U/s 24?
(Interest amount is exceeding 150000/-)
29 July 2009
yes. it shuld be backed by proper rent slips and it is better if he (husband)makes payment through a/c payee cheque
30 July 2009
Yes. Needs two things:
1) Rent paid should be adequate consideration, i.e., market rent, so that it's not questionable.
2) rent payment should be made by a/c payee cheque (preferentially) with due rent receipt
1) Rent paid should be adequate consideration, i.e., market rent, so that it's not questionable.
2) rent payment should be made by a/c payee cheque (preferentially) with due rent receipt
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
