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 the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


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 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details