House property income releted

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This query is : Resolved

praveen kumar kumawat (Querist)

12 August 2013 Dear Sir
I am facing some problems in deciding the chargability of house property income either in hands of Father or Son. Actual owner of house property is Father but in rent agreement father has authorised his son for receiving the Rent. Father is government servant. No any Gift deed, transfer deed between father and son earlier. Please suggest me same for filing of Income Tax Return.

Can Son show Income form subletting of house property (income from other sources)in own tax return.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)

12 August 2013 The income will be taxable in the hands of the father. The son is performing the function of an agent and collecting rent on behalf of his father.

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praveen kumar kumawat

praveen kumar kumawat (Querist)

13 August 2013 Can father show his son as a property owner in rent agreement with tenent

CA UMESH DULAL

CA UMESH DULAL (Expert)

13 August 2013 You can not transfer income without transferring the assets. so income will be treated as income of father.

Father can authorized his son to receive rent on his behalf but the income is always treated as income of father.

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