05 January 2022
Sir, My clients woned 3 house property. 1 is self occupaid & another 2 is let out, They are legally owners as per sale deed & loan agreement, but 3 house property totally funded & loan repaid by husband. The rent arise from 2 letout property is deposited to wife bank account, What is the tax treatment of profit/ loss arise from 2 letout house property & interest of SB , arise from house property income? . Is it included in Husband or wife tax computation? Please clarify.
06 January 2022
Is interest from Savings account on the name of his wife, where the rent is deposited will also be include in other income of his husband?
CAclubindia
