Hi,
I own only one apartment, which I have given on rent.
I live in another house with my brother and the rent is paid by my brother. So I don't claim HRA for this.
Do I have to pay tax on the rent that I get from my own apartment ?
Or is there a concept of 'deemed' self occupied, because I own only one house? And so there is no tax on it?
(Just as a vacant second house is deemed let out, and one has to pay tax on the notional value of the income)
regards,
Div