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House property income

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(Querist)
26 May 2014 I have bought property in my name for my blood relative. The property is in the possession of the said relative and the person is occupying the same. In this case for income tax purpose, who has show the income from house property in itr
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Nitin Salve

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Nitin Salve (Expert)
27 May 2014 Property belongs to whose name he will entitle to show income from HP.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
27 May 2014 have to disagree. you are the beneficial owner of the property and the said income should be clubbed in our hands.
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Rupesh Jain

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Rupesh Jain (Expert)
27 May 2014 income from property will taxable in your hand.

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