question about income from house property

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student
24 Points Posted on 24 July 2010

hello,

I read this nice post about calculation income from housing property. 

/forum/income-from-house-property-57074.asp

However, I had a question about an apartment that a person bought in the past financial in a city other than the city of residence using a loan. His/her parents live in that apartment so there is no rent. However, can the expected value of annual rent be claimed under rent not realized. 

thanks for your help.

momo

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On 24 July 2010 at 11:22 Report
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Posted on 24 July 2010

dear momo

in my opinion if u are using a property for residential purpose in another city and u have also a property in some another place then u can claim that property as non taxable.it will be taxable.

but if u are paying rent where u are situated then u can claim that other property as non taxable.

regards

tarun rustagi

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On 24 July 2010 at 14:46

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