Property Ownership

This query is : Resolved 

15 July 2010 Hi All,

I am about to buy 2 flats, one for residential purpose and one for sale in future. Kindly suggest me for for better tax saving.

Thanks
Ankur

15 July 2010 Buy one flat in your name and second one in your one of family member.

If they don't have money; you can lend them and charge interest.

If you buy both the houses in your name; deemed rent is taxable in your hand whether you actually receive or not.

15 July 2010 fully agree with dear sir.


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