Wealth tax
This query is : Resolved
02 February 2014
an nri is having one flat. now if he buys another flat and takes loan,will he be charged under wealth tax and what about income from house property
02 February 2014
If he rents or one property than no wealth tax will be charged.
If not one property will be considered as deemed to be let out and both wealth tax and normal rent will be taxed
If not one property will be considered as deemed to be let out and both wealth tax and normal rent will be taxed
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