dear colleagues
good evng,
ek mere client hai jo govt employee bhi hai , vo apne ITR me house property ki rebate(interest & principal) bhi claim krte hai, ab vo ussi house property ko rent per Dena chahte hai , but vo rental income apni wife k a/c me received krenge or unke ITR me rental income show krenge , kya esa possible hai?
note - mere client apni wife ko uss house property ki power of attorney bhi de rhe hai, toh kya possible hoga ki unki wife vo rental income apne ITR me declare kr ske??
regards,
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Rental income related query
Replies (4)
No he his deemed owner of the house property
Then what's the utility of the power of attorney.
Income will be clubbed in the hands of the husband in case the property is transferred to spouse without adequate consideration.
It cannot be transferred all of a sudden to spouse..
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