02 February 2025
1) What will be deemed rental value of house property if -- a) House is in remote village and is unfit to reside in and due to remote area there is no value of rent ( rent value is nil) as nobody is ready to take house on rent How to convience income tax authority that deemed rent is nil?? Kindly guide Thanks
02 February 2025
Even in that case, it has ratable value. Taxpayers can designate any two of their house properties as self-occupied, meaning they will not incur any tax on these properties. While additional properties are deemed let-out and taxed based on notional rental income
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