house property
This query is : Resolved
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.
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.
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