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Querist : Anonymous

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Querist : Anonymous (Querist)
05 September 2014 MR A GIVES A RENT FREE HOUSE TO MR B FOR COMMERCIAL PURPOSE .

PLEASE, TELL ME IS MR A LIABLE FOR DEEMED INCOME UNDER INCOME FROM HOUSE PROPERTY

05 September 2014 yes as it will be let out property and fair rent is taxable.

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 September 2014 AND ,
SO, ALSO MR . B IS ALSO ELIGIBLE FOR DEDUCTION TO THE EXTENT OF RENT CHARGEABLE TO MR A

05 September 2014 if its for business for b then yes allowed

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 September 2014 IS MR B LIABLE TO DEDUCT TDS IF AMOUNT OF RENT (DEEMED ) EXCEED RS 180000 PA


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