Rental income show procedure
This query is : Resolved
Quick Summary
Kollipara Sundaraiah
(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.
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.
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
Message likes :
1 times
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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