17 Points
Joined October 2018
Sir, Good Morning.
sir, income from house property me do house self occupied mante hain or unki value Nil hoti hain toh kya yeh rule commercial property per bhi applicable hain.
Tax and Business Consultant
11616 Points
Joined July 2015
@ Yamini Ji
It's not applicable for commercial property, you can take residential property as self occupied property, not commercial under head "Income from house Property"
[But..Yes, there is some tax planning tools]
@ Mr.Arun kumar
Income tax Slab rate for individual, HUF ect. for A.Y 2019-20
Income up to 2,50,000.........NIL
2,50,000 to 5,00,000............5%
5,00,000 to 10,00,000.........20%
above 10,00,000.................30%
(For senior citizens NIL up to 3,00,000 and for Very senior citizens NIL up to 5,00,000)
Note : An additional 4% Health & education cess will be applicable on the tax amount calculated as above. Plus surcharge, if applicable