Income tax on housing property
This query is : Resolved
02 January 2020
Hello Sir ,
I have 2 flat in Pune one is self occupied and second is rented. There is no join co owner for both flat.
I have Home lone on self occupied property but not lone on rented property.
Because of that I need to pay huge tax(30 %) on rented income.
Can I show rented income on my Wife's ITR form so that we need to pay less tax (10 %)
MY wife is not co owner of any flat.
I have 2 flat in Pune one is self occupied and second is rented. There is no join co owner for both flat.
I have Home lone on self occupied property but not lone on rented property.
Because of that I need to pay huge tax(30 %) on rented income.
Can I show rented income on my Wife's ITR form so that we need to pay less tax (10 %)
MY wife is not co owner of any flat.
Zeal Bangdiwala
(Expert)
02 January 2020
No legally it is not possible to show income in your wife's return.
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