Rent income for own property
This query is : Open
Kollipara Sundaraiah
(Querist)
06 October 2020
Assess Rs:1 lacs rental income from own property.but Assess bank account credit rs:25,000/- remaining balance Rs:75,000/-(25,000× 3 ) assess relatives bank account credit.
Questions:
1.Above transtration allowed in i.t.act.
2 assess rental income rs:25,000/- or 1 lacs per month in i.t.act.
Questions:
1.Above transtration allowed in i.t.act.
2 assess rental income rs:25,000/- or 1 lacs per month in i.t.act.
Sagar Patel
(Expert)
10 October 2020
"(25,000× 3 ) credited in relatives bank account credit" avoid this transaction...1,00,000 taxable in hand of owner
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