I didnt understand this case.? i also have two properties and one is vacant.
https://www.rediff.com/business/report/sachin-finally-gets-tax-relief-on-his-pune-property/20180815.htm
Menu
Sachin's two rental property
Replies (3)
When 1 house is vacant it is DLOP so you have disclose income if you wish to.
Once you declare income as per municipal rates or as specified in Act you have to show that always.
Sachin showed less amount but then officer did not accept it and then he fought due to which a less amount was sorted out
You mean to say second Vacant House - one has to pay tax???
Yes, only if you disclose the same in return ever
Recent Topic
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
Related Topics
CAclubindia
