12 May 2012
The exact Meaning of residential property is given in Chapter "Income from House Property" and The property used for resident and it is attached to earth.
And the flat is also considered as residential property which is used for resident.
13 May 2012
We have to take common meaning of the term. A building which is used for the purpose of residence by a human being can be said as a residential house. . Flats are constructed for the purpose of residence and as such a flat can be said a residential house. .
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