banner_ad

Hose rent income received in others account

ITR Filing 244 views 4 replies

If a person let out his own property (which is on his name only), but the rent income receiving in others account (for E.g. mothers A/c). so how to treat in Income tax return? 

He has to show in his own income? 

Please reply.

thanks in advance..

kavita

Replies (4)
Yes, The income is taxed in the hands of actual owner. There is no concept of receiving the amt in others a/c in IT ACT.
Better have a second opinion.

Amount of Income Received is to be taxed in the hands of Actual owner of Property, as property is not transfered to other person.

otherwise clubbing of income provisions will apply 

For amount received in monther's account you can show such amount after showing as taxable income your return as Gift, which is not taxable in mother's hand

section 60 will apply here. Transfer of income without actual transfer of property.
Great Abhishek! Thanks :)


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details