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Rental Income

1 reply, 2 voices Last updated by Yuvika Deshmukh 5 months, 3 weeks ago
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    My aunt’s son stays in the USA. He owns a house in India and has let it out. He has asked tenants to pay rent to my aunt. He has not received any rent. Is he still liable to tax? What if he transfers the house to aunt?


    Yuvika Deshmukh

    Rental income is charged to tax in the hands of the owner of the property. Your aunt’s son is the owner of the house and, therefore, he is liable to pay tax, even though your aunt receives rent. If the house is transferred to your aunt, then she will become the owner and she will have to pay Income-tax on the rental income.

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