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.
Message likes :
1 times
07 January 2016
Thank you sir. What will be the deemed income which need to declare for taxation
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
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Long Term Service award taxability in hands of company
- Free lancer income
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- What is provisional receipt number for generation of form 16A
- Form 27Q Correction statement taking too long to update on IT Portal
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
