Deemed rent on house property
This query is : Resolved
02 February 2025
1) What will be deemed rental value of house property if --
a) House is in remote village and is unfit to reside in and due to remote area there is no value of rent ( rent value is nil) as nobody is ready to take house on rent
How to convience income tax authority that deemed rent is nil??
Kindly guide
Thanks
a) House is in remote village and is unfit to reside in and due to remote area there is no value of rent ( rent value is nil) as nobody is ready to take house on rent
How to convience income tax authority that deemed rent is nil??
Kindly guide
Thanks
02 February 2025
Consider ratable value as per the gram panchayat office, it cannot be nil.
02 February 2025
But what if house is in a condition which cannot be resided
02 February 2025
Even in that case, it has ratable value.
Taxpayers can designate any two of their house properties as self-occupied, meaning they will not incur any tax on these properties. While additional properties are deemed let-out and taxed based on notional rental income
Taxpayers can designate any two of their house properties as self-occupied, meaning they will not incur any tax on these properties. While additional properties are deemed let-out and taxed based on notional rental income
02 February 2025
Ok
Thanks
Thanks for reply
Thanks
Thanks for reply
02 February 2025
You are welcome.
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