Receiving Rent on Wife's name in case of Joint Ownership

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  1. A G P

    A G P New Member

    Is it ok to buy a property jointly with wife & take rent on wife name only for saving tax.
     
  2. Neelam Chhalani

    Neelam Chhalani New Member

    Rental income will be taxed in the hands of both, you and your wife, in the proportion mentioned in purchase deed / agreement.
     
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