Tax on second house property

Hello,
I have one self occupied flat and I have purchased a second flat in November 2014 which is still under construction and possession is expected in October 2015. I have the following questions:
1) Do I have to pay wealth Tax on the second flat which is still under construction?
2)Will the second flat under construction be considered as deemed to be let-out and attract notional rental income ?

Im yet to file my return for A.Y 15-16 what should I do? Pls help......