12 June 2018
THERE WERE 3 CO OWNERS OF THE HOUSE PROPERTY AND THEREFORE THE RENT INCOME WAS SHOWN ACCORDINGLY IN ITR OF ALL 3 ASSESSEES. NOW ONE OF THE CO OWNER HAS RECENTLY PASSED AWAY. SO HOW WILL BE THE RENT INCOME SHOWN IN EACH OF THE 2 ASSESSEE'S ITR? ALSO, IS THERE ANY FORMALITY TO BE CARRIED OUT BEFORE FILING ITR?
12 June 2018
till the date of death......the rent is shown in the hands of deceased. From the date of death onwards......it will be shown in the legal heir of the deceased
CAclubindia
