Tax on rental income gifted to mother

This query is : Resolved

abhay kumar (Querist)
Follow

12 August 2015 Rent of my house is deposited to mother's (senior citizen without any regular income)bank account directly by the tenant. I will pay tax on rental income. But wether i am liable to pay tax on interest income on rentals also which is being enjoyed by my mother.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
Follow

13 August 2015 since you are the owner of the house you will be liable to pay tax on rental income. There is no clubbing of income and as far as tax saving is concerned deductions are available in income tax u/s chapter VIA from total income.

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Chaitanya Voolla

MEHUL M. KEVAT

K.S. ANANTHARAJAN

v.rama krishna

DEEPAK BHARGAVA

Subscribe Now

Tax on rental income gifted to mother

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Manager- Finance and Compliance

GST CONSULTANCY

Accountant

CA Final

GST CONSULTANT