24 December 2015
Hi, I want to let out my newly purchased flat however I have taken a Home Loan. this flat is regiseterd on my wife's name. Should I file return on my wife name ?
24 December 2015
Even if it is signed by you, this is only a procedural lapse. The income shall be legally earned only by your wife. consequently, return shall be filed in her name. But if her total income does not exceed basic exemption, then return not required