Hi, I and my brother have taken a home loan as a co-applicant for my fathers property(applicant). To declare the property as a let out property what are the things i have to follow.
Things I know: since me and my brother is paying the loan ,We will share the loan intrest as as 50:50.
Clarifications IN: Final lettable value i am not earning any amount as rent ,as my father is the owner he is taking that amount ,How can i put the lettable value in my IT declaration even though i am not earning it!!