Rental income show procedure

This query is : Resolved 
Quick Summary
This discussion addresses a common tax query regarding rental income mistakenly paid into a spouse's bank account. It clarifies that the rental income should be declared on the tax return of the individual who legally owns the property or, if jointly owned, split 50/50. The advice also covers how to correctly record such transactions in accounting books, suggesting it be treated as a loan or debtor if received by the spouse who is not the owner.

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(Querist)
19 July 2021 Sir,
A individual person rental income through on bank mode received.but assess mistake rental income through on wife bank account received (credited)
Question:
1.rental income show in wife or husband it returns.
2.accounting books treated above transactions.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
20 July 2021 1. Shown in Husband it return as he has received. 2. Show rent received by wife as loan/ debtors in accounting books
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
27 November 2021 Declare the rental income in owner's IT file. If both are joint owners, declare 50% in each file.
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