Income tax in house rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2012
Hi
I own a house taken on loan(EMI is going on). Now I am going to give that house on rent. So if the rent is collected in my wife's bank account, will that be an income in my name or my wife's name?
thanks
I own a house taken on loan(EMI is going on). Now I am going to give that house on rent. So if the rent is collected in my wife's bank account, will that be an income in my name or my wife's name?
thanks
28 March 2012
Since you are the owner of the house, the rental income shall be taxable in your hands.
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