Income from house porperty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 March 2018
An individual has one house property which is let out to two tenants during the whole
financial year and is also used by assesse for his occupation.
Query is: Whether in computation of income from house property, whether rental income earned
has to be shown in consoldiation from the two tenants
or
It may be separately shown for each tenant having the same property address
Please note that rent has been received from each tenant which is less than Rs. 1 lac
i.e. total sum received is 1.9 lacs
financial year and is also used by assesse for his occupation.
Query is: Whether in computation of income from house property, whether rental income earned
has to be shown in consoldiation from the two tenants
or
It may be separately shown for each tenant having the same property address
Please note that rent has been received from each tenant which is less than Rs. 1 lac
i.e. total sum received is 1.9 lacs
25 March 2018
You can show rent consolidated, no need to show rent separately, if multiple houses let out you can show separately.
Expert : Anonymous
Expert :
Anonymous
(Expert)
25 March 2018
Yes... If it's one house property (like Door number) then you can declare consolidated values.
26 March 2018
You have to decalre rental income consolidated as there is single House Property.
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