Income from house property
This query is : Resolved
29 June 2016
Dear Sir,
An Assesse has two house property (two residential flats) and both are in the name of assesse and both are self occupied. In one of the flat assesse and his family stays and the other flat remains vacant throughout the year (it is not let out at any part of the year). My query is whether the Assesse has to show Notional Rent for this property which remains vacant throughout the year as if the flat is deemed to be let out. Please suggest what should be done in this case.
Your valuable reply would help him to determine the tax calculation for the current year.
Thanks,
Abhishek Roy Choudhury.
An Assesse has two house property (two residential flats) and both are in the name of assesse and both are self occupied. In one of the flat assesse and his family stays and the other flat remains vacant throughout the year (it is not let out at any part of the year). My query is whether the Assesse has to show Notional Rent for this property which remains vacant throughout the year as if the flat is deemed to be let out. Please suggest what should be done in this case.
Your valuable reply would help him to determine the tax calculation for the current year.
Thanks,
Abhishek Roy Choudhury.
29 June 2016
yes it deemed as let out and take notional rent and include in his income .
My answer is usefull for you, pls send like.
My answer is usefull for you, pls send like.
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29 June 2016
Dear Sir,
Please tell that how he will determine the amount of rent that he will have to show in a year.
Thanks for your prompt reply,
Abhishek Roy Choudhury.
Please tell that how he will determine the amount of rent that he will have to show in a year.
Thanks for your prompt reply,
Abhishek Roy Choudhury.
29 June 2016
you can take the rent near by property rental value as notional rent value.
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