Income tax on house property earnings.

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  1. I have one house jointly with my wife purchased in 2002. I bought 2nd house in 2010 in my name.
    I and my wife gave 1st house on rent in 2012 and staying in 2nd house. I and my wife file separate return. 50% of rent, each I and my wife is adding in our income calculation . We both filed ITR-I in F-Y--15-16 .
    Is this correct . Or what else I should do.
     
  2. Dear Sir,

    If you are filing ITR only for Income from One House Property(excluding loss brought forward from previous year) the ITR-1 is correct
     
  3. Saurabh2017

    Saurabh2017 New Member

    Yes, Assuming that you and your wife are salaried employee and there is no other income then income from house property.
     
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