Income From House Property
This query is : Resolved
CA Paresh Kothari
(Querist)
02 January 2009
Hi,
Please guide me in calculating Income From House Property in the following scenario ---
Mr. X is living in his own house in Pune. He is having one more house in Nasik. The house in Nasik is not let out [ used by him for vactions and family functions ]. In this case will the house in Nasik will be deemed to be let out and chargeable on notional basis?
Please guide me in calculating Income From House Property in the following scenario ---
Mr. X is living in his own house in Pune. He is having one more house in Nasik. The house in Nasik is not let out [ used by him for vactions and family functions ]. In this case will the house in Nasik will be deemed to be let out and chargeable on notional basis?
CA Tilak Raj Sharma
(Expert)
02 January 2009
Yes, House in Nasik will be taxable as deemedto be let out H.P.
You can make calculation as per Municipal value p.a. of the House at Nasik.
You can make calculation as per Municipal value p.a. of the House at Nasik.
C A GROUP COACHING
(Expert)
02 January 2009
YES YOU ARE CORRECT
CHARGING WILL BE SAME AS YOU HAVE QUESTIONED
CHARGING WILL BE SAME AS YOU HAVE QUESTIONED
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