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Income from house property
The person should be the owner of the house property and the amount which he earns in form of rent from the tenant is taxable so if a person purchase a house property in the name of his wife and if she is a house wife then what will happen who will be liable to pay the tax the person himself or his wife?.
Replies (1)
the person on whose name the property is standing is liable for tax towards rent received.
However the funds shud be utilized from the owners own source of income to get assessed.
However the funds shud be utilized from the owners own source of income to get assessed.
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