Deemed Rent is taxable under the Income Tax Act. 1961. Is there are provision regarding the same under Delhi Rent Control Act, 1958?
5 Replies
Hitesh
(Student)
(3549 Points)
Replied 26 November 2018
There is nothing called deemed rent in income tax act. Only when you have more than one house property example 2 then one is treated as self occupied and one is deemed to let out property
sharma852
(student)
(290 Points)
Replied 26 November 2018
Under IT act, there is concept of Deemed Ownership.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 26 November 2018
Yes... I agreed to Mr Sharma852.
Deemed Ownership is defined u/s SECTION 27 of INCOME TAX Act.
Deemed Ownership is defined u/s SECTION 27 of INCOME TAX Act.
Priya
(Professional)
(117 Points)
Replied 26 November 2018
Thanks for reply.. Please also confirm whether any related provision is given under delhi rent control act?
Hitesh
(Student)
(3549 Points)
Replied 26 November 2018
Nope I find no reference of deemed rent in Delhi rent control act
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