banner_ad

Tax treatment of house property income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 July 2013 Consider the following situation
A is a salaried employee
He buys a house having sale deed of 2000000/-
He has paid 10 lakh in cheque from his saving account and 10 lakh from housing loan.
but he gets sale deed registered in the name of his wife.
The home loan is joint in his name and of his wife.HIS WIFE has no income and does not file any return.
As the owner of the property she is receiving the rent.
Now there are two questions
1. What will be the tax treatment of rent.Can A show it as house property incme or it will be a clubbed income
2.Can A claim the interest paid on house loan or not considering he is a joint loan bearer due to paying capacity but property is not in his name
Profile Image

Anil Sankar V

Profile Image

Anil Sankar V (Expert)
29 July 2013 as it can clubbed, it can be claimed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details