hello everyone,
rental income from properties in father's name [who is no more] we been depositing in our mom's a/c. we belong to a joint family . mom is house wife. so how do we pay taxes or file returns for that ? plz help.
thanks.
R RAJAGOPALAN (ADVOCATE) 14 December 2012
If your father died intestate, ie; without leaving any will, the property is now (after his death) co-owned by his legal heirs according to the law of inheritance applicable to your community.The respective share of each individual heir in the rental income will be included in his/her Total Income.
You may also take the stand that after the intestate demise of ur father, the property belongs to an HUF of which the eldest son is the Kartha.
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