I HAVE TWO HOUSE IN MY NAME . I WISH TO KNOW THE THE TAX IMPLICATION UNDER FOLLOWING CASES :
1) BOTH THE HOUSES ARE VACANT AND NO ONE LIVED THERE ANYTIME DURING PREVIOUS YEAR OR ANY YEAR.
2) I LIVE IN ONE OF MY HOUSE AND THE OTHER IS VACANT AS LIKE IN ABOVE .
3) I LIVE IN THE HOUSE AND MY RELATIVES OR ANY FRIEND LIVES IN THE OTHER AND I DONT TAKE ANY RENT FOR THAT .
KINDLY HELP IN KNOWING THE TAX IMPLICATION IN THE ABOVE MENTIONED MENTIONED CASES . THANK YOU !
CAclubindia
