Daughter-in-law income
This query is : Resolved
23 August 2023
Sir / Madam,
A house property is in the name of an expired male parent and it is let out.
To reduce the tax liability of his sons, can the rental income from such property be declared in the ITR of one his daughter-in-law?
If yes, what are legal requirements?
A house property is in the name of an expired male parent and it is let out.
To reduce the tax liability of his sons, can the rental income from such property be declared in the ITR of one his daughter-in-law?
If yes, what are legal requirements?
24 August 2023
Property should be transferred to the Daughter in Law by the Legal Heirs.
25 August 2023
First of all get a heirship Certificate (if Will is not prepared) from the Court in the name legal heirs( son) of Deceased person. Thereafter Transfer the rights by executing the Gift Deed in favour of Daughter in law i.e. by Son to his Wife.
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