rent paid to power of attorney or owner of the property
5 years ago
Rent earned through my house should not be considered under my income and ultimately taxable through my account. Can POA favoring my relatives regarding rental income and others be executed for the purpose and will be valid? Will it address my concern of taxable income?
A.Dear Client,
Best option for you would be to get in touch with a Income Tax Lawyer who is regularly filing the Income Tax Return or Chartered Accountant doing the similar job.Next best alternative would be to meet the Income tax officer(ITO) directly who will do the job.The Choice is yours.
Shanti Ranjan Behera,
Advocate
Best option for you would be to get in touch with a Income Tax Lawyer who is regularly filing the Income Tax Return or Chartered Accountant doing the similar job.Next best alternative would be to meet the Income tax officer(ITO) directly who will do the job.The Choice is yours.
Shanti Ranjan Behera,
Advocate
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ARPIT BATRA
Responded 5 years ago
A.Pl engage a local expert for the same to be on a safe side.
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A.Dear Sir,
Please consult a tax consultant.
Please consult a tax consultant.
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Deepak Yashwantrao Bade
Responded 5 years ago
A.Dear client yes it's comes under taxable income.
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Nirmal Chopra
Responded 5 years ago
A.Rental income comes under the category of income from.other sources and is computed as a part of income and liable to payment of income tax if u are otherwise liable to pay income tax depending upon the head in which u fall to determine liability to Pay income tax.
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