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Property Ownership

This query is : Resolved 
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(Querist)
15 July 2010 Hi All,

I am about to buy 2 flats, one for residential purpose and one for sale in future. Kindly suggest me for for better tax saving.

Thanks
Ankur
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
15 July 2010 Buy one flat in your name and second one in your one of family member.

If they don't have money; you can lend them and charge interest.

If you buy both the houses in your name; deemed rent is taxable in your hand whether you actually receive or not.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
15 July 2010 fully agree with dear sir.
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