Rental income from house

Save Share

This query is : Resolved

Quick Summary

This discussion addresses how to declare rental income from a jointly owned property when the full rent is deposited into one owner's bank account. The advice given is to declare the rental income under both owners' accounts on the Income Tax Return (ITR 2) to prevent potential future legal complications. This ensures accurate reporting and compliance.

D.P.KAPOOR

D.P.KAPOOR (Querist)
Follow

07 August 2024 sir One property purchase jointly with my wife but total rent amount transferred in my bank account. please advise the total rent may be shown in my Income Tax Return. Yadi mein ITR 2 me Co-ower per tick karta hu to veh rent to divided ka deta he please resolve my problem.
D P kapoor
9810600330