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Rental income

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 May 2016 If there are same 4 co-owners to 3 properties which are rented out and one of the co owner surrenders his right in favour of others to receive rent ,From an income tax point of view what would be the best way to take rent equal sharing amongst 3 or for each property or rent from one property goes to one person .How does one show in it returns in each case.
please advise. Thanks in advance.
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Abhishek Ranjan Singh

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Abhishek Ranjan Singh (Expert)
03 May 2016 As i understand your query Now there are 3 owner and 3 property. So as per rule all 3 should take share of own sharing from Rent from all three properties.

Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615

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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 October 2021 Best option would be to share the rental income...
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