House property income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2012
can we split up income from house property in case where .....
husband has purchased property out of his income in the joint names of husband and wife and rental incomes are recieved by cheque directly in his wife's account ....
husband has purchased property out of his income in the joint names of husband and wife and rental incomes are recieved by cheque directly in his wife's account ....
CA PARAS BAFNA
(Expert)
05 February 2012
The property has been purchased with the funds belonging to the husband so income has to be taxed in the hands of the husband only.
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