House rent
This query is : Resolved
29 January 2014
A PERSON HAS 3 STOREY BUILIDING,HE USES FIRST FLOOR FOR HIMSELF AND HE HAS GIVEN GROUND AND 2ND FLOOR ON RENT OF 9000 P.M EACH
WHAT WILL BE THE TAXABLE AMOUNT/
HE HAS ONE MORE HOUSE IN ANOTHER CITY IN WHICH HIS SON IS STAYING?
WHAT WILL BE THE TAXABLE AMOUNT/
HE HAS ONE MORE HOUSE IN ANOTHER CITY IN WHICH HIS SON IS STAYING?
30 January 2014
Each floor is..treated as saperat residential unit....the floor in which person is residing will be treated self occupd..annual value will be nill....in other casess you have to apply normal provissions...even the house is not actualy let out...the other house situated in other city is deemed to be let out...the rent prevling in the area will be its annual value...and accordingly u have to work out taxable income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Gift of mutual fund units to daughter
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
