house property
This query is : Resolved
Vijay Parmar
(Querist)
21 June 2010
if i have 2 house. as per the act i have consider one house as a self occupied. and 2nd house as a deemed let out and liable to pay tax on another house.
can it is possible so my 2nd house also not liable for taxable value. because generally both i use for residential purpose. i have neither given to rent. so why i consider 2nd house as a deemed let out? any pay tax on gross taxable value of house....
tax planing possible here????
can it is possible so my 2nd house also not liable for taxable value. because generally both i use for residential purpose. i have neither given to rent. so why i consider 2nd house as a deemed let out? any pay tax on gross taxable value of house....
tax planing possible here????
Shudhanshu Agrawal
(Expert)
21 June 2010
According to me tax planning is not possible here.
21 June 2010
it is not allowed as per income tax the reasom could be they want people to have one house of their own but on the other side they also want that people should not own more then one house ans give other people to invest into the smae
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