Tax on parent owned property

95 views 2 replies

Need guidance in this

Can i show my fathers owned property rent as my income?Can i apply for tax deduction in this case? 

Can rent amount from parents owned property shown as gift? What is the tax slab in this?

Replies (2)

" Can i show my fathers owned property rent as my income?"

No.

 

"Can rent amount from parents owned property shown as gift? "

Yes, but subject to rent income offered to tax in property owner's hand.

There is no room for tax evasion for anyone. There are very strict rules mentioned on https://www.essaysontime.com.au/assignment/ for all property owners. If anyone needs to get details regarding this then visit this website.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register