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whether an assessee is taxable for a single residential hous

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Querist : Anonymous

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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"???
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MK GUPTA (Chartered Accountant

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MK GUPTA (Chartered Accountant (Expert)
28 March 2010 No it is not taxable, if self occupied
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Rahul Vora

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Rahul Vora (Expert)
29 March 2010 There will be no tax.



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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
29 March 2010 one house property will be Exempt.
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
30 March 2010 but this exemption is available only to individual & HUF

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