Property-1 3BHK
Owned and self occupied by wife filing IT return.
Property-2 2BHK
This is owned by the couple in JOINT name and LET-OUT through out the year.
The couple is filing their IT return independently.
Can anybody advise taxability of rental income in the hand of wife and husband ???
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Personal Income Tax - Taxability of Rental Income
Replies (1)
Rental Income of Property 2 should be declared for assessment in the ITRs of both co-owners in the ration of their share holdings.
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