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 ???
Rental Income of Property 2 should be declared for assessment in the ITRs of both co-owners in the ration of their share holdings.
CAclubindia
