I have a commercial property which is inherited from my mother. As per WILL it is mentioned that property is inherited by me in individual capacity.
I want to know if this can be considered as part of my HUF including my spouse & kids.
This will allow me to save paying income tax on the Rent recieved.
Also if not this, any other way of saving tax on commerical property or any way of showing rental income as business & claiming depreciation.