Hello All
WOuld appreciate, if someone could solve this query:
A buys property in Mrs A 's name. The property is registered in name of Mrs. A
In 2008, one more property has been purchased in Mrs A's name. As the number of property is more than 1, Mrs A wishes to file her income tax return for FY 0809.
She has no other income of her own. Does she need to show any source of income for purchase of property? Any forms tht need to be submitted along with return for this purpose?
Would there be any change in regulations or rates of taxes, if Mrs A is an NRI?
Thank you in advance.
CAclubindia
