INCOME FROM HOUSE PRPERTY-MUTIPLE FLATS-ONE BUILDING.

Save Share

This query is : Resolved

Quick Summary

When you have multiple flats within a single building generating rental income, and you co-own the property, you must declare all tenants' names and the rent received from each in your Income Tax Return (ITR). Each flat is treated as a separate house property unit for tax purposes, making this detailed reporting mandatory.

Dhirendra Mallick

Dhirendra Mallick (Querist)
Follow

17 August 2021 An apartment has 30 nos of Flat. There are two owners. (50%Each). All the Flats have been given on Rent. Now while filing the return, it asked to mention all the tenants name. Is it mandatory to show all the tenants name in ITR?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

17 August 2021 Yes, It's mandatory to show all the tenants name in ITR.

CA.Pujah

CA.Pujah (Expert)
Follow

20 August 2021 all the flats are different house property unit and will be dealt accordingly. So, you have to show all the tenants name and rent received from them

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now