Income Tax

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mahesh

65 Points Joined April 2010

My daughter turns 18 on 16th Feb 2010. How is tax treated for her period ending 31/311 ( Income from 1/4/10 to 31/3/11) .She is a non-resident and PIO .

For the full year or proportionately from 16th Feb 2011 till 31/3/11 on the following;
a) rental income.
b) interest income on rental deposit -current and previous years.
c) property tax paid and 30% expenses allowed on rental income.
d) Personal tax rebate of Rs190,000/160,000 ??
e) Sec 80C investments.
All above income till 31/3/10 was clubbed with mother's income.
Also do we need to show proof of 30% expenses by way of receipts and invoices or its allowed irrespective.

Thanks;Mahesh

Replies (2)

U S Sharma

glidor@gmail.com

21068 Points Joined January 2010

Originally posted by : mahesh
	My daughter turns 18 on 16th Feb 2010. How is tax treated for her period ending 31/311 ( Income from 1/4/10 to 31/3/11) .She is a non-resident and PIO . For the full year or proportionately from 16th Feb 2011 till 31/3/11 on the following; a) rental income. b) interest income on rental deposit -current and previous years. c) property tax paid and 30% expenses allowed on rental income. d) Personal tax rebate of Rs190,000/160,000 ?? e) Sec 80C investments. All above income till 31/3/10 was clubbed with mother's income. Also do we need to show proof of 30% expenses by way of receipts and invoices or its allowed irrespective. Thanks;Mahesh