House property

191 views 3 replies

i have 5 house what is tax
liability

Replies (3)

One of the house as per your choice be considered as Sec 23(2) property and its annual value shall be considered as NIL and other 4 houses shall be considred as let out (if actually rented) otherwise treated as deemed let out properties and valuation of the same shall be given effect to according to Sec 23 in ariving at the income from house property.

I think the question is incomplete. I tried my best to answer according to the question.  

Sorry, the statement is incomplete. Further following details are required:

1.No of houses rented out and rent thereon?

2.Property taxes paid?

3.Rent arrear,if any?  AND

4.Loan of house and interest thereon

 

Regards

I fully concur with Mr. rakesh's view


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