Can rental income on a property be taxed in the hands of a person who is not a registered owner of the property?
Can rental income on a property be taxed in the hands of a person who is not a registered owner of the property?
The income or receipt
can be taxed as ‘income from house property’ only when you own the property and you are entitled to legally
receive income from such property.
Yes, Rental Income received by each co-owner can be taxed proportionately and taxed in the hands of both independently as per your share in the said property.
As per section 27(i) of the IT Act, your spouse shall be the owner of the house property and hence the income shall be taxed in her/his hands, since the property stands transferred in connection with an agreement to live apart.
The rental income is received by a person against renting out of his property. The computation of income from house property is NOT solely dependent on this rental income. If you are not receiving rental income, it does not mean that the House ...