Taxability of rental income either in the hand of wife or husband?
Query brief
1. House is in the name of wife
2. Rent is being credited in wife bank account
3. TDS is deducted and credited in wfie PAN.
4. Loan for constructiin of such house is taken in the name of husnand and loan is still outstanding, interest is being paid.
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Income from house property
Replies (1)
Taxability of rental income, in this case, will be in the hand of wife; but if she is not joint loan holder, she cannot claim interest deduction u/s. 24(b) of the act.
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