regarding house property

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hitesh (Querist)
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20 June 2009 A person let out his 1 big house to 4 persons @ 2000/-p.m per person on 1/4/2008
On 30/10/2008 he makes 2 different house by dividing the 1 big house into 2 house
& registered the both house against appropriate authority & let out both the house
to the same persons but sending 2 persons in the 2nd house.
Now my question is,can he gets the standard deduction 2 times for 2 house
(before dividing the house he gets standard deduction 1 times)
Note: the standard deduction of 30% calculated on net value which is different for both
the houses.

What should I do to make a tax planning in case of house property?

Which are the possible areas of tax evasion in case of house property income?

Ratan Sharma

Ratan Sharma (Expert)
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20 June 2009 What type of deduction Hitesh? your question is not clear. Standard Deduction of 30% rent received is available in both the cases.

Deepak Goel

Deepak Goel (Expert)
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21 June 2009 I am not getting clear what you are asking Hitesh

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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21 June 2009 clear ur question

CA Nitin Wadhwani

CA Nitin Wadhwani (Expert)
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22 June 2009 No, it's a clear case of Tax Evasion.

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