Son lives in the USA. He gave Poeer of Attorney of a residential house property to his Father, Mr. Joy.
Mr. Joy is in receipt of monthly rent of Rs. 15,000/- from the tenant residing in the above mentioned residential house property.
Query 1. Does Mr. Joy have to show that Monthly receipt of Rs. 15,000/- (Annually Rs.1,80,000/-) in I.T. Return as House Property Income?
Query 2. Does Mr. Joy's Son have to file an I.T. Return?
Menu
Power of Attorney and House Property Income
Replies (2)
The rent is not joy's income
if the son is not having any other income then he need not file return
if the son is not having any other income then he need not file return
Ok thanks.
Recent Threads
- Which IT section applicable for cash transaction i
- ITR -property dealer
- Warehouse Registration, Whether mandatory?
- Time limit for claiming Input GST credit
- Gst rate and Sac code or RCM attract
- Poll: Do you spend > 30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
- Capital Gain and Basic Exemption Limit
- Loan to wife and interest income husband income or
- AOC-4 is not being filed
Related Threads
CAclubindia
