Income from property
This query is : Resolved
Riyaz Ahmed Balbatti
(Querist)
02 February 2018
If I get share from my fathers property in cash.
Under which head I am going to be taxed whether 1) income from house property or income from other sources?
Under which head I am going to be taxed whether 1) income from house property or income from other sources?
02 February 2018
How you get share from your father?
Are you a partner in the Property...? or Your father only the owner of property...?
Riyaz Ahmed Balbatti
(Querist)
02 February 2018
I am not a partner. The property is in fathers name.
Riyaz Ahmed Balbatti
(Querist)
02 February 2018
I am not a partner. The property is in fathers name.
02 February 2018
You can treat it as Gift. And will show Exempted Income...
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