Dear Sir, house property is in the name of my father and it's Let out. I get rent from tenant and this rent I showing in my ITR, any
legal issues, pls.
well, see no reason why you should be doing this. You are unncessarily complicating a simple transaction. You have no right to that income. So better just show it in your father's return. You can always get that money from your father as a gift subsequently.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
