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.



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