banner_ad

HUF - Husband wife joint property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 June 2022 We ( Husband and Wife ) bought a property jointly with home loan.

Two questions.

1. Now we have formed HUF, can we rent it via HUF, let the rent income be of HUF?

2. Do we need to transfer the property to HUF or as it is already a joint ownership, can't it automatically becomes a family property and part of HUF?

( We have minor son, who is 6 year old. )
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
07 July 2022 The HUF was not formed before mutation of the property, so, now the rent cannot be claimed under HUF. Even if the property is transferred now, as per sec 64 of it act it will be clubbed in the original owner/s ITRs.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details