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Taxability - House Property

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Nimesh Hariya

Article

21 Points Posted on 24 June 2014

Assessee is an indian resident

having more than 1 property in india

also having property outside india ex. in dubai, which remains vacant through out the year

it is utilised by assessee himself only whenever he visit there

whether notional rent of such property situated outside india need to be taxed in india asif notional rent income on property situated with in india?

Replies (1)

praveen

Chartered Accountant

5709 Points Posted on 24 June 2014

By plain reading of section 23(2) we can make out that nothing is specified if the property is outside India, hence shall be taxable on notional basis.

However since determination of rent could be an issue & since the assessee is an NRI and is genuinely using the house when he is in dubai risk may be taken.

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