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Siddharth Sharma (Business Process Manager)     15 June 2014

Can rent be collected in my wifes name

I own a property in Saket in New Delhi. I wanted to know that if I could give it on rent but have the lease in the name of my wife i.e. the rent will be collected by my wife in her name. This is primarily for taxation purposes as I am already in the highest tax bracket and wife presently has zero income.

Please let me know if this can be done and if yes what I need to do.



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 1 Replies

T. Kalaiselvan, Advocate (Advocate)     17 June 2014

Your wife is not the owner of the property hence if the rent collected as your Power agent, will also have the same tax implication, you cannot seek an exemption.


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