20 June 2009
A person let out his 1 big house to 4 persons @ 2000/-p.m per person on 1/4/2008 On 30/10/2008 he makes 2 different house by dividing the 1 big house into 2 house & registered the both house against appropriate authority & let out both the house to the same persons but sending 2 persons in the 2nd house. Now my question is,can he gets the standard deduction 2 times for 2 house (before dividing the house he gets standard deduction 1 times) Note: the standard deduction of 30% calculated on net value which is different for both the houses.
What should I do to make a tax planning in case of house property?
Which are the possible areas of tax evasion in case of house property income?
CAclubindia
