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Single bank sb account maintained jointly

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Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
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15 December 2020 Two I.t return filed individual Assess single bank sb account maintained jointly transactions
1st Assess trading transactions in bank sb account
2nd Assess rental income transactions in bank sb account.
Question:
Two I.t. return filed assess every transaction 50:50 share or Assess applicable transactions only entries passed in books.

Aashok Kumar Sharma online

Aashok Kumar Sharma online

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26 December 2020 Can you please explain more about the query to understand better ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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01 October 2021 As per the income derived by each assessee. Eg, 100% rental income for second assessee.

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