Hi,
I have a property in the name of me and my wife. Both of us are members of a HUF (with PAN) and I am the karta of the HUF. Can I accept the rent for the property as the HUF with the TDS being deducted in the HUF's PAN?
Devanand Sharma (Executive) (44 Points)
19 January 2017Hi,
I have a property in the name of me and my wife. Both of us are members of a HUF (with PAN) and I am the karta of the HUF. Can I accept the rent for the property as the HUF with the TDS being deducted in the HUF's PAN?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176713 Points)
Replied 20 January 2017
No. Its individual property, so rental income would be assessed in the hands of the co-owners, as per their percentage of ownership.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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