There is flat inthe name of my wife.I had paid its 2/3 cost. It has now been let out and there is a rental income.
My querry is how the rental income is to be taxed??
shd it be divided in the ratio of amt invested ie 1/3 &2/3?
how to claim 30% or 30000 deduction available under section 24. should it also be in the ratio of investment.??
CAclubindia
