House property income query.

assuming they are residents of india for the year under discussion then they have to file return of income and if it is 2 lacs which is under slab no tax will come.

depends on the fund availability if you have money and if you deposit in some FD and the amount it is going to get is higher income than loan interest then go for that and you will end up mot loosing your money by the loan completion

Originally posted by : CA Srujann kumar Reddy
	assuming they are residents of india for the year under discussion

Apparently, they are going to be abroad for the years under discusssion so their status will change to Non Residents but can not we project based on the current rules and the given numbers ?

they are going but not yet gone, residential status depends on the previous year's availability and some other conditions

as they were available in india they will be taxable in india...

Originally posted by : CA Srujann kumar Reddy
	residential status depends.... as they were available in india they will be taxable in india...

With due respect sir, this query was intending to ask about the likely tax liability on these individuals for years to come for example, say for Year 2018-19 year during the Assessment year 2019-20 using current Non Resident taxation rules, if they have leave the country in 2016 September.

i have purchased  house property (Flat) on 04 th april 2013 for Rs.34.70L.

I want to sell the property for Rs.35.20L.

can you help me out with the tax calculations.