Can I share the rental income equally with my wife and we both file tax accordingly? She is co-owner however the EMI on home loan is paid by me. Also how to claim the interest subsidy of Rs. 2 Lac in this case?
I had a joint property co-owned with my mother. Rental income on that house was divided equally and paid taxes and submitted returns accordingly. In my case I clubbed the rental income with salary income and paid taxes. We have executed a partnership deed and transferred my mothers portion of property to sister who is married 25 years ago. As a kartha of HUF, I have other inherited property whose income is declared and paid taxes under HUF. Can I declare the income of the property which I jointly own with my sister under HUF account and pay the taxes accordingly.
Recently I purchased a property, I was trying to fill form 26QB, but while filling the form I made a mistake in the address of the property and I realised this after confirmation, I am first time buyer and so I am confused. Please let me know if I can file it again for same transaction detail?
Hi ,I am H and R customer for a while.I have apartment given on rent. I am NRI. I pay 34K annual maintenance on the house. 10k property tax. I earn around 1.7 lakh on income from rent. how much deduction I can claim (I am checking how much investment I have to make)
Our bills are Huge, We spend from Our Pockets, No Bank advances us Money The Money We Take Home is again utilised in process of our contractual work libality. but local inspectors and Tax people Harrace us ? evan customer detains bills on pretains of submitting, how we can do buisness.?
I was claiming deduction u/s 80C and section 24 on home loan EMI paid for a self-occupied house. Due to change of job, I moved to a rented house in another city. Can I still claim tax deduction which I was claiming earlier?