Hi
My mother has given me registered power of attorney of commercial property. I am managing it and keeping rent of it.Can I show income of this property as my own in the category of " income from other sources".
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Income form commercial property with power of attorney
Replies (1)
"Can I show income of this property as my own in the category of " income from other sources"
No, its taxable in the hands of your mother. But, you can keep it as taxfree gift in your hand!!
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