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Income from house property?

Priya Kashyap (Student) (7053 Points)

27 March 2019

Whether income derived from house property can be taxable only in the hands of the legal owner of the property?
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4 Replies

Sahil Jain (FAFD, DISA, CA) (Practicing Chartered Accountant ) (2476 Points)
Replied 27 March 2019

Yes, income from house property is taxed in the hand of owner of property I.e. legal owner of property.
However in case where there is clubbing provisions attracted, then you will have to check on whose hand income shall be taxable

(Guest)

yes

RAJA P M ("Do the Right Thing...!!!") (128111 Points)
Replied 28 March 2019

Yes... The Income Taxable in the hands of the Owner of the Property.

Neha Pahuja (127 Points)
Replied 28 March 2019

The Supreme Court opined in case of CIT vs Podar Cement Ltd that the income would be chargeable to tax in the hands of the person who received or was entitled to receive income from the house property in his or her own right, and not on behalf of the owner.