I AM A JOINT OWNER OF A BUILDING. I AM RECEIVING RENT FROM BUILDING. AND REGULARLY FILLING ITR. SHARE OF THE BUILDING IS SHOWNED IN THE RETURN IS EQUAL. CAN INCREASE MY SHARE IN FUTURE RETURN ?
3 Replies
Ajit Hegde
(CA - Final)
(1367 Points)
Replied 13 January 2016
Yes you can. The corresponding share shown in other person's return should match
Ankit Taprania
(CA FINAL )
(542 Points)
Replied 13 January 2016
Agree with Ajit, you can change your share .
there should be a proper agreement in this behalf and other joint partner share should be properly represented in there return.
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