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,
Menu
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..
Recent Threads
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
Related Threads
CAclubindia
