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?
Menu
Tax on parent owned property
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.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
