22 November 2017
Mr.A purchase an house property in joint name i.e of in the name of Mr. A and Mr. S (his son), payment for the same fully paid by Mr.A. house property given on rent. Mr. A income is below taxable limit but Mr.S (his son) is filing ITR. how to show property? and income received on house property (Rent)? can we show property and rent income in Mr.S because he is filing ITR & property is in joint name?
CAclubindia
