Property joint ownership
This query is : Resolved
17 July 2024
I want to buy property on joint name of myself and my wife in gujarat. If I keep first name of my wife and second name of myself in sale deed then is there any benefit. In this property my wife is contributing meagre amount. In future i want to rent out the property so can i show whole rental income as wife’s income as her name is first?
17 July 2024
In either case the rental income would be taxed equally.
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