Rental income of Joint property


This query is : Resolved 

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This discussion addresses how to declare rental income from a jointly owned property. The advice given is to declare the income 50:50 between both partners' tax returns, as both are on the property's title. This ensures accurate reporting for tax purposes.

(Querist)
07 August 2024 Joint property mere aur meri wife ke nam he us per rent mere account me aa raha he. kaya me yeh rent 80% apni return me aur 20% anpni wife ke return me yaa pura rent apni return me dikha sakta hun.
DP Kapoor
9810600330

07 August 2024 Declare 50:50 in both PAN.

30 August 2024 Good luck.


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