I have a doubt on house property income charge ability. This is regarding my 2nd house which is let out.
The house is co-owned by self and spouse and loan is also taken jointly.
Am a salaried employee and my spouse is a house wife.
Can the rent received from let out property be shown as received by my spouse, while i claim the interest on loan in full without showing the rental income and deduct the interest from salary.
Pls advise.
CAclubindia
