I have transferred my house property to my spouse through a gift. We are living together and not separated. In whose hands will income from the house property be taxed?

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• I have transferred my house property to my spouse as per the terms of the agreement of living separately from each other. In whose hands will the income from the house property be taxed?

  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.

• I have transferred my house property to my minor child who is not married. In whose hands will the income from the house property be taxed?

  As per section 27(i) of the IT Act, you shall be the owner of the house property and hence the income shall be taxed in your hands.

• My spouse and I jointly own a house in which both of us have invested equally from individual and independent sources. Can we split the rental income received between the two of us to be taxed in individual hands?

  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.

• I am not the owner of the land on which I have constructed the house. But as per municipal records, the house is in my name. Is the income taxable in my hands?

  You need not be the absolute owner of the house property. It will suffice if you are the beneficial owner and are entitled to receive the income from such house property. This income is liable to be taxed in your hands as income from house 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.