Rental Income
This query is : Open
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.
26 May 2020
Agreement and other utility bills must be in the name of HUF to claim in ITR
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.
27 May 2020
I dont think you can claim under HUF without proper documents.
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.
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.
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.
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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