Dear Sir
I am Income tax Consultant my client working at MNC company and also geting rental income but rental agreement selff and wife but wife housewife not working please clearify that rental income transfer to house wife but TDS deducted in the name husband
please clarify that quary
thank u
venkatathri
If the property is jointly ownd then the income is taxable for joint owners in the ratio of ownership.
The Husband should have intimated about this to the tenant and should have given his and his wife's PAN so that the TDS should also be dedcuted propotionately.
Now, since the TDS deducted for Husbands PAN only, the rental income will be taxed in his hands.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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