Hello,
My mother is the owner of a commercial property.
Can my wife and I receive the rent for this property in our names?
what are the ways to save tax on the rent received from this commercial property?
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House Property Rent
Replies (5)
Hi, if your mother is the owner of the property, then rent will be taxable on her hands. If you want to save tax on that, then let me know, and I can advise you the ways. Please check your inbox.
@ Mr Mitesh Patel,
As per Your query Your mom is the owner and the income is Your mom's income.
So, it's better to collect the rent to Your mom's account.
As per Your query Your mom is the owner and the income is Your mom's income.
So, it's better to collect the rent to Your mom's account.
I want to know the ways that can save tax on rent income
Income will be taxable in the hands of your mother only.
There is some ways to mitigate tax but same is needed to be discuss , contact me. I will DM you my details.
There is some ways to mitigate tax but same is needed to be discuss , contact me. I will DM you my details.
House property rent
Male an agreement
Male an agreement
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