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Wealth tax

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(Querist)
02 February 2014 an nri is having one flat. now if he buys another flat and takes loan,will he be charged under wealth tax and what about income from house property
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@VaibhavJ

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@VaibhavJ (Expert)
02 February 2014 If he rents or one property than no wealth tax will be charged.

If not one property will be considered as deemed to be let out and both wealth tax and normal rent will be taxed

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