I have a residential property and given on rent to a partnership firm named s and k realty rentals, in which me and my father are partners for 25k per month and such firm will give it on lease to a hospital for 3 lakhs per month.
objective of the firm is to carry on the rental business. and it has a gst registration too.
now whether the rent collected by the firm can be clubbed in my ITR. is this amounts to transfer of income without transfer of assets under section 60.
CAclubindia
