House property income
This query is : Resolved
Raghavendra
(Querist)
02 January 2018
hello sir , i am an article student .i was filing belated it returns .Now one of my client receiving house property income of Rs.16500 /- per month into her bank account . But they taken the home loan on the name of both wife and husband .Now how i can show the income in the IT return of that client .The ownership share is 80%(wife)and 20% (husband ).
KAVIRAJA ADDANGADI
(Expert)
02 January 2018
If house loan taken jointly than income from house property recognised proportionately , Interest and principle can be claimed proprtipnately
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