HI TO ALL,
AN INDIVIDUAL HAVING TWO HOUSE PROPERTY, ONE OCCUPED FOR HIM SELF & IN OTHER ONE OCCUPIED BY HIS PARENT.
IS HE REQUIRE TO SHOW DEEMED HOUSE RENT INCOME ?
PL GIVE YOUR EXPERT COMMENTS.
REGARDS,
KIYOSH
HI TO ALL,
AN INDIVIDUAL HAVING TWO HOUSE PROPERTY, ONE OCCUPED FOR HIM SELF & IN OTHER ONE OCCUPIED BY HIS PARENT.
IS HE REQUIRE TO SHOW DEEMED HOUSE RENT INCOME ?
PL GIVE YOUR EXPERT COMMENTS.
REGARDS,
KIYOSH
YES ,HE IS REQUIRED TO SHOW DEEMED HOUSE RENT INCOME.
EXCEPT ONE SELF OCCUPIED ,ALL OTHER ARE DEEMED TO BE LET OUT
agree with all
hi
he has to re one house as s/o and other as d/l/o
In this connection there was case law. It is injustice on you.But if you rves to the Assssing Officer that one single House in not sufficent, adeuquate fot you whole family.You need another house for your big family, your intetion is not to get extra rent income,the ITO may allow total(both properties) as deducton, and exemption u/s80C (within ambit 1 lacs) also.I think you may take risk to show 'Nil" Rent income on another houseproperty, and to minuns both interest amount from Income. You can also to deduct the amount Payment of Principal Repayment which is cover U/C VIA.
Dear All
I Think it is required to show Deemed house rent income. only one house has self occupied & other are Deemed to be income .
CMNITY HIRE
New Delhi
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