Moneycontrol.com >> Message Board >> View Messages >> Tax Planning & Help

Post a Message \| Explore Forums \| Browse Stock Messages \| Hot Discussions \| Top rated Messages \| Top Boarders
Search: Messages Stock Boarder

Ads by Google

You are here :

Moneycontrol

MMB

Tax Planning & Help

Tax on Rental Income (29) 23-Jul-08 16:55

Tracked by (2)

Posted by: market_man1 on ( 23-Jul-08 16:55 )

Hi, I own three flats out of which is two have been rented out. I have taken bank loan for all the three flats. I have been suggested by my CA that if I want to avoid the paying income tax on the rent I can give that money to my mom who is a housewife and has no other source of income. I will continue to pay the loan but she will get the rent. Is this legal? Thanks

Page No : 1 2

Songs Videos Games