Rental income of jointly held property
This query is : Resolved
19 July 2026
House property held by mother and daughter jointly has been rented. Daughter pays the Emi and the rental income is credited in mother's account. Can the mother show the rent income fully in her ITR or it has to be divided as per their share. Please guide
20 July 2026
The mother cannot show 100% of the rent in her ITR. The rental income must be divided and declared by both the mother and daughter strictly according to their ownership share in the property, regardless of whose bank account receives the funds.
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