Jointly owner property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 June 2013
Me and my wife jointly own a house which was let out throughout the year. The agreement was between the tenant and myself and all the rental was paid only to me.
For the purpose of income tax should the rental be split between me and my wife or shown under my name and nothing under my wife name ?
Please help.
Thank you in advance.
For the purpose of income tax should the rental be split between me and my wife or shown under my name and nothing under my wife name ?
Please help.
Thank you in advance.
CMA Ramesh Krishnan
(Expert)
14 June 2013
As a co owner of the property, need to show the income sharing basis only
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