Rental income
This query is : Resolved
Querist : Anonymous
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.
please advise. Thanks in advance.
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
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Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Note : If you find our reply useful. Please Score us by clicking on "THANK USER"
Dhirajlal Rambhia
(Expert)
10 October 2021
Best option would be to share the rental income...
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