Dear Sir, house property is in the name of my father and it's Let out. I get rent from tenant and this rent I showing in my ITR, any
legal issues, pls.
3 Replies
Nikhil Kaushik
(Fellow CA)
(85743 Points)
Replied 14 May 2024
well, see no reason why you should be doing this. You are unncessarily complicating a simple transaction. You have no right to that income. So better just show it in your father's return. You can always get that money from your father as a gift subsequently.
Tapas Samadder
(536 Points)
Replied 14 May 2024
Thanks Nikhil ji, but I already shown this rent in my ITR, pls. any legal issues.
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