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Income Tax rebate via HUF when a joint property is bought by Husband is Wife.

This query is : Resolved 
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(Querist)
22 December 2022 We husband and wife together plan to buy a property. We already have an HUF wherein I am the karta of HUF. My queries are
1. If we jointly buy a property (without HUF being a coowner), can its rent be shown as income of HUF as it is a joint family property?
2. If I buy this property with myself, wife and my HUF all three being owners, can I show complete rental income as that of HUF?
3. If I buy this property with myself, wife and my HUF all three being owners, what issues I might face while selling this property(I have two minor daughters who are also members of my HUF).
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 December 2022 1 No.
2 No only part of rent.
3 Capital gains taxable in all three hands.
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