Rent Income

Dear Sir,

1. It is the legal owner of a house  property who  is chargeable to tax in respect of house property income. If the house property is jointly owned, then the income will be taxed in the hands of joint owners in the ratio of ownership.

2. CIT Vs Podar Cement (P) Ltd [1997] : In context of Section 22, 'owner' is a person who is entitled to receive income from property in his own right.

Thanks

Khalandar

Originally posted by : Reshma Golani
	if 4 different person i.e The Father , his 2 sons and their HUF are reciving rent from Shop Let Out and the Father is the owner of the shop than how rent income will be taxed ??

The Rental Income booked in Fathers Income as per above said way of Father is the Landlord of the property...