Rental income
Querist : Anonymous
I want to know that:
The property is in name of my father, can I take rent on behalf of him? If yes then
Can I show the rental income in my income and pay tax? If yes then what documents I should prepare for the purpose of income tax. The rent agreement can be made in my name instead of my father as he is not able to do due to old age.
Father is not agreeing to divide property as on date.
Pl advise soon.
Regards
Querist : Anonymous
Can I show the rental income in my account by doing so as you advised. Mean it will be my income not my father's.
Pl suggest.
Regards
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