I have single Jointly owned house owned jointy by 2 other family members also. This single house is self occupied by all three owners. There is no income from this house Then which ITR form to use for filing income tax return for AY 2020-21 and how to show this in ITR form?
May I know if the Property title (Registration) is on your three member names??
You can show the ‘income from house property’ calculations proportionately as per your share in the property.
The rental income would be NIL and you can claim 30% standard deduction.
Kindly read :
Can i submit in ITR1 as it is self occupied joint property or other ITR form to be used