House property.
This query is : Resolved
03 June 2019
Sir,I reside in my parent's house with my family.House owner is my mother.Idon't give any rent.Basically we all live in this house with my motherand family.Sir therefore filing itr-4,on behalf of me(as I'm earning member)what to be select in place of House property?Will it be selcted as Self occupied(although house owner is my mother) or better to not select anything?Without selecting anything,will ITR-4 be processed?Thanks in advance sir.
04 June 2019
Hi Amitabha,
Since you are not the owner of the property, you are not required to select anything. Your ITR 4 will be processed without showing anything in the head " Income from house Property".
However, if any interest is being paid on the loan taken for house, your mother should file the ITR showing as self occupied and claim the same.
Thank You.
Since you are not the owner of the property, you are not required to select anything. Your ITR 4 will be processed without showing anything in the head " Income from house Property".
However, if any interest is being paid on the loan taken for house, your mother should file the ITR showing as self occupied and claim the same.
Thank You.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Filing of Form 10BB instead of Filing Form 10B
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
- GSTR3B IMS Deshboard ( Rec. Solution )
- GST ASMT-10 time extension query
Trending Online Classes
CAclubindia
