House Property Income Query

Amit Singh (Chartered Accountant) (270 Points)

13 October 2010  

Dear Members,

One of our client has purchased a co-ownership flats along with brothers

(brothers are coowner) now one of the brother(B) has already 1 flats in his name

& he is living in it & other reside in coownership flat now my ? is that brother(B) will be

liable for tax on deemed income of the property as he is havng two flats in his name

 

 

With Regards,

Amit