Second house - occupied by parents - nil rent
Querist : Anonymous
As per sec.23 of income tax act. incase a house property is not occupied by the assessee due to employment or business purpose, such property annual value can be considered as Nil
you cannot claim benefit u/s23 because Although you have not occupied the property of Pune due to employement but you have your own house at Banglore,
you are suggested to gift the house at pune to your mother's name to avoid tax implications.
CA. Raghav Garg
Querist : Anonymous
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