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Income From House Property

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(Querist)
02 January 2009 Hi,

Please guide me in calculating Income From House Property in the following scenario ---

Mr. X is living in his own house in Pune. He is having one more house in Nasik. The house in Nasik is not let out [ used by him for vactions and family functions ]. In this case will the house in Nasik will be deemed to be let out and chargeable on notional basis?
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
02 January 2009 Yes, House in Nasik will be taxable as deemedto be let out H.P.

You can make calculation as per Municipal value p.a. of the House at Nasik.
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C A GROUP COACHING

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C A GROUP COACHING (Expert)
02 January 2009 YES YOU ARE CORRECT
CHARGING WILL BE SAME AS YOU HAVE QUESTIONED
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