Which ITR should I file?

This query is : Resolved

Raj Mehrotra (Querist)
Follow

15 July 2017 I have a property in which I am residing I have been filing ITR 1 last year my brother bought a property(and occupied it) and added my name as second holder only for security reasons. All the payments have been made by my brother do I still have to file ITR1?

Message likes : 1 times

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

15 July 2017 since you will be owner of two properties, you should ideally file ITR.2

Message likes : 1 times

Raj Mehrotra

Raj Mehrotra (Querist)
Follow

15 July 2017 I don't have the right to sell it or rent it out as my brother is residing in that property. Do I have to show the notional rent for income tax purposes?

Upgrade to CAclubindia Pro. Subscribe Now!

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

16 July 2017 but you do have the ownership right? whatever the percentage of ownership may be?