It tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2013 I am finished my loan on first property and then i took second property. If i repay the loan for second property also

will i have to show the income from second house in income tax return for life time. or there is no need to show anything once all the loans are over.

@VaibhavJ

@VaibhavJ (Expert)
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02 January 2013 hey

As long as you are earning income which is greater then maximum amount not taxable, you have to show that income in your ITR.

Thanks!!