1) I HAVE 02 HOUSES, ONE IS SELF OCCUPIED AND ONE IS RENTED. I'M A SALARIED EMPLOYEE. WHICH ITR IS TO BE FILED?
2) MY SPOUSE IS CO-OWNER OF BOTH THE HOUSES BUT I AM THE ONLY ONE PAYING FULL EMI FROM MY ACCOUNT AND MY SPOUSE IS ALSO CO-BORROWER NOT PAYING ANY EMI. WHAT IS THE PERCENTAGE SHARE IN THE PROPERTY FOR MY AND SPOUSE TO BE SHOWN IN ITR 2?
3) AS I'M PAYING FULL EMI, I'M RECEIVING FULL RENT IN MY ACCOUNT. IF I PUT 50% PROPERTY SHARE, MY RENT WILL BE SHOWN HALF AUTOMATICALLY, HOW TO SHOW FULL RENT AGAINST MY MY NAME?
THANKS IN ADVANCE.
Menu
ITR SELECTION AND QUERIES
Replies (2)
1. ITR 2
2. 50:50... unless specified elsewhere..
3. As such not possible, specifically if she be in higher tax bracket, and had contributed her share in purchase of the property.
Please dont use capital letters to ask questions, its offensive. Please fill ITR2, if all money is invested by you, tax liability lies with you. Add extra amount under rent that cannot be realized
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
