Notional rental income from jointly owened property


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
03 January 2013 Hi, I have 2 flats - both jointly owned with my wife.. I stay in one. Other one is vacant. For Notional Income for Income tax
a) can we consider the rent valuation from Municipal corporation ?
b) Can we show the notional income split across myself and my wife in 50:50?


03 January 2013 b) Yes. You can show provided the agreement contains the ratio of 50:50.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries