hi i have given my details (Name, Pan No. etc.) in the rental receipt of a house which is owned by my father (because my father don't have pan card). i want to know that wheather this income should reflect to my account or in father account. if this income belongs to me then which head i should mention it in ITR. please guide. thanks in advance.
Menu
Rental income from father owned house
Replies (2)
Your father should apply for a PAN card and file ITR stating the rental income under income from house property.
Mr. Inderjeet
you are not eligbile to take that rental income in your ITR.
if Rental income is not material i.e below 2 lac /2.5 lac if your is senior citizen after standered deduction of 30% than you need not to file his ITR nor you need to think to include that rental income in your ITR.
else apply PAN of your father and file his ITR
Recent Threads
- Regarding Annual Return for 23-24
- Property registration without physical PAN card
- Paying Rent in Cash: This Could Trigger an Income
- Market Down, Portfolio Down: Need suggestions for
- How much tax is payable If I withdraw my mutual fu
- GST Penalty Provisions under Section 73 vs Section
- How VFA Academy Helps Traders Build Discipline and
- GSTR-3B Relationship
- Section 194T: TDS on Payments to Partners: Applica
- Tax planning with HUF
Related Threads
CAclubindia
