Income from house property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2012 I have two flats. one is self occupied & second is let out . for both flats loan taken by me & EMI paid by me . second flat in the name me & my wife.
my question is -
' Is it permissible the tax rebate benifit availed by my wife? can i show that rent is my wife's income & return file ? how I can calculate tax? my email address is - supriya_242004@yahoo.co.in

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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17 February 2012 If the house property in joint name the income also has to be shared with the proportions. you can show the rent 50:50 share for both owners. and calculate the Income