Rental income of Joint property

This query is : Resolved 

Quick Summary
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.

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.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details