House Property
This query is : Resolved
29 July 2009
Dear All,
Can the Husband let out his house property to his wife. They are staying together. He does not have any other house property. Can he show the rent received from his wife as income from House Property and claim interest U/s 24?
(Interest amount is exceeding 150000/-)
Dear All,
Can the Husband let out his house property to his wife. They are staying together. He does not have any other house property. Can he show the rent received from his wife as income from House Property and claim interest U/s 24?
(Interest amount is exceeding 150000/-)
29 July 2009
yes. it shuld be backed by proper rent slips and it is better if he (husband)makes payment through a/c payee cheque
30 July 2009
Yes. Needs two things:
1) Rent paid should be adequate consideration, i.e., market rent, so that it's not questionable.
2) rent payment should be made by a/c payee cheque (preferentially) with due rent receipt
1) Rent paid should be adequate consideration, i.e., market rent, so that it's not questionable.
2) rent payment should be made by a/c payee cheque (preferentially) with due rent receipt
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