whether an assessee is taxable for a single residential hous
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 March 2010
dear all,
can anyone plz tell me if an assessee having a "only one residential house" is taxable if the house comprises of two floors and both the floors are "self occupied"???
can anyone plz tell me if an assessee having a "only one residential house" is taxable if the house comprises of two floors and both the floors are "self occupied"???
28 March 2010
No it is not taxable, if self occupied
Rahul Vora
(Expert)
29 March 2010
There will be no tax.
CA Ravi Sisodia
(Expert)
29 March 2010
one house property will be Exempt.
CMA Arif Farooqui
(Expert)
30 March 2010
but this exemption is available only to individual & HUF
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