Dear Sir,
We are a family of 4 as Parent(father is retired & Sr citizen) and we two brothers. I am working & married but living with parents and younger brother is studying in college.
We have a rental income of around 13.20 Lakh per annum from 2 tenants(floor-wise) from one property.
Can we use one rent agreement(one floor) with the name of HUF and another(agreement for another floor with 2nd tenant) as co-ownership? This is an ancestral property.
Please help as this is getting very tedious for us.
BR
KK
CAclubindia
