Income tax on 2 housing property
This query is : Resolved
07 January 2016
I have two house in pune. I am living in one house and my dependent parent are living on second house.
What will be income from both house. I think Income from both house should be 0 as my dependent parent are living in second house.
What will be income from both house. I think Income from both house should be 0 as my dependent parent are living in second house.
07 January 2016
1.The house in which you stay has no income since self occupied.
2. The house in which your dependent parents live is 'deemed to be let out' and has a deemed income also to be offered for taxation.
2. The house in which your dependent parents live is 'deemed to be let out' and has a deemed income also to be offered for taxation.
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07 January 2016
Thank you sir. What will be the deemed income which need to declare for taxation
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