banner_ad

Second residential property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 July 2012 I am a salaried person. i have my owned house in my name. I have purchased a second residential property for investment purpose. The second property is lying vacant.
Please let me know is it compulsory to show income from my second property which is lying vacant and purely for the purpose of investment.

If i treat it Deemed let out property then pls let me know the valuation of rent. Purchase date 30.11.2011, city Delhi.
Profile Image

Chirag Chordia

Profile Image

Chirag Chordia (Expert)
24 July 2012 Yes, as per the House property provisions..it will be ur DLOP.
Profile Image

PRAVEEN JAIN

Profile Image

PRAVEEN JAIN (Querist)
24 July 2012 But i had bought the second property for investment purpose.
and if there is any tax liablity on it then how much??
Profile Image

Yatesh Prakash Renuke

Profile Image

Yatesh Prakash Renuke (Expert)
24 July 2012 It is considered as deemed let out & u need to pay the tax according to that income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details