Rent paid to my relative

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..... I recently moved to USA. I own an apartment in Bangalore. I want to ask my tenant to deposit rent in my mother-in-law's account. Mother-in-law will show as her income, pay tax and file returns. Is this allowed? Or is it mandatory that only the owner should get the rent and pay tax for it? Reason is i have already crossed the 30% slab this year. - Reply By Ganeshan Kalyani - The Reply = In .....

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..... my view it is your income and you should be taxed under your ITR. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Even rent my be deposited in your account. However this is your income and you may transfer the income by means of gift to your mother in law. - Reply By KASTURI SETHI - The Reply = Thanks to both of experts for enrichment of my knowledge. By reading your replies I am gaining kn .....

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..... owledge of Income Tax law. Now I am so confident that I can claim that I am not a raw hand in Income Tax field. Really credit goes to both of you and also, in turn, to TMI for providing this forum for the welfare of the public. Really it is yeoman's service which is rare in this materialistic world. - Reply By Ganeshan Kalyani - The Reply = Acknowledgement for hard work is a boost to a .....

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..... person to keep continuing to contribute. This platform is very helpful for the needy. It also helps the leaner to gain knowledge. The experts are doing fabulous job by sharing their valuable knowledge and experience. - Rent paid to my relative - Query Started By: - KPSenthil Kumar Dated:- 18-12-2016 Income Tax - Got 4 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by a .....

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..... n expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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