Rental Income

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Amit Garg (Querist)
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26 May 2020 My house is in my Mother's name. Under this home, there are some shops. Can I show rent received from these shops in my father's HUF return instead of showing the same in my mother's individual return? My father has already been expired and I am filing his HUF return by showing the rental income.

CA ANKIT GADA

CA ANKIT GADA (Expert)
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26 May 2020 Agreement and other utility bills must be in the name of HUF to claim in ITR

Amit Garg

Amit Garg (Querist)
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27 May 2020 Ankit Ji: Agreement of some shops are in my Grand Father's name and for some shops it is in my father's name. No agreement & Utility bills is under HUF. In Municipal Committee record, shops ownership is in my father's name.

CA ANKIT GADA

CA ANKIT GADA (Expert)
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27 May 2020 I dont think you can claim under HUF without proper documents.

C.A. Mayur J. Raiyani

C.A. Mayur J. Raiyani (Expert)
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29 May 2020 Income of property falls in HUF ITR are income of ancestral property or income of property purchased out of the funds of HUF.

Amit Garg

Amit Garg (Querist)
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30 May 2020 @Mayur ji, this is Ancestral property which has been transferred in my mother's name 3 years ago. All rent agreememts are also in the name of my grandfather/my father in their individual names. Till now, I was showing rent income in HUF but now as property has been transferred but agreement can't be tranafer now. Plz suggest.

Amit Garg

Amit Garg (Querist)
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31 May 2020 @Mayur ji, this is Ancestral property which has been transferred in my mother's name 3 years ago. All rent agreememts are also in the name of my grandfather/my father in their individual names. Till now, I was showing rent income in HUF but now as property has been transferred but agreement can't be tranafer now. Plz suggest.

C.A. Mayur J. Raiyani

C.A. Mayur J. Raiyani (Expert)
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01 June 2020 If you haven't created your HUF then you are the karta of your father's HUF and you can fairly include rental income in HUF ITR

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