Houser rent joint owner

Discussion in 'Tax planning' started by jamesh, Feb 24, 2014.

  1. jamesh

    jamesh Member

    Me and my wife are the joint owners of our house. She is a house wife and I'm salarid. We are getting some rent from two houses in the first floor and we occupied the ground floor house. Now how I have to show the rent in the Income tax. Is it possible to show in my wife name only, so that it will not get tax for me. the interest and principal exceds the IT limits. So, there is no tax benefit for me.

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