Which ITR should I file?
This query is : Resolved
Raj Mehrotra
(Querist)
15 July 2017
I have a property in which I am residing I have been filing ITR 1 last year my brother bought a property(and occupied it) and added my name as second holder only for security reasons. All the payments have been made by my brother do I still have to file ITR1?
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Nikhil Kaushik
(Expert)
15 July 2017
since you will be owner of two properties, you should ideally file ITR.2
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Raj Mehrotra
(Querist)
15 July 2017
I don't have the right to sell it or rent it out as my brother is residing in that property. Do I have to show the notional rent for income tax purposes?
Nikhil Kaushik
(Expert)
16 July 2017
but you do have the ownership right? whatever the percentage of ownership may be?
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