Presentation in ITR - House property income

This query is : Resolved 

24 May 2025 Hello Sir / Madam,

My query is as follows:
Ms A and her mother, Mrs B, are co-owners of a flat, which is totally funded by Ms A, an NRI. Mrs B is for the namesake in this flat to avoid any future legalities.

Ms A gave this flat on rent to a Pvt Ltd Company.

During FY 2024-25, this company deducted TDS in the name of Mrs B for the first 5 months. But when Mrs B informed the company that it should deduct the tax in the name of Ms A, then the company started deducting it in the name of Ms A, an NRI.

Total rent = 68250 * 12 = 819000
Shown in mother's Form 26AS = 68250 * 5 =341250
Shown in Ms A's Form 26AS = 68250 * 7 = 477750

While filing the ITR, if we put share as 50:50, then for Mother, the rent gets divided into 50% i.e., Rs. 409500, whereas in Form 26AS, it is Rs. 341250/- only.

and for Ms A, 50% comes to 409500/-, whereas in Form 26AS it is 477750/-.

This 50% share is automatically calculated in ITR. The company is reluctant to revise the TD return.

How to show this transaction in their respective ITR?
Please guide.

Thanks & Regards,
Suraj

24 May 2025 The difference is only minor declare income as per TDS, no problem.
Ratio also chage it actual instead of 50:50.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details