Income From House Property

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CA Paresh Kothari (Querist)
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02 January 2009 Hi,

Please guide me in calculating Income From House Property in the following scenario ---

Mr. X is living in his own house in Pune. He is having one more house in Nasik. The house in Nasik is not let out [ used by him for vactions and family functions ]. In this case will the house in Nasik will be deemed to be let out and chargeable on notional basis?

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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02 January 2009 Yes, House in Nasik will be taxable as deemedto be let out H.P.

You can make calculation as per Municipal value p.a. of the House at Nasik.

C A GROUP COACHING

C A GROUP COACHING (Expert)
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02 January 2009 YES YOU ARE CORRECT
CHARGING WILL BE SAME AS YOU HAVE QUESTIONED

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