house property

This query is : Resolved

firoza (Querist)
Follow

26 January 2009 A House owned by unregistered trust then assesse staying in the trust place how has to pay the tax on this house? assesse or the trust and if assesse then is there any deduction for the trust place.

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
Follow

26 January 2009 An unregistered trust will be treated as AOP under law. The income will be treated as income from house property. Tax has to be paid by trust in the status of an AOP. However exemptions available for income form house property can be utilsed.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now