I didnt understand this case.? i also have two properties and one is vacant.
https://www.rediff.com/business/report/sachin-finally-gets-tax-relief-on-his-pune-property/20180815.htm
SHIRISH S S (Proprietor) (1030 Points)
16 August 2018I didnt understand this case.? i also have two properties and one is vacant.
https://www.rediff.com/business/report/sachin-finally-gets-tax-relief-on-his-pune-property/20180815.htm
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 16 August 2018
When 1 house is vacant it is DLOP so you have disclose income if you wish to.
Once you declare income as per municipal rates or as specified in Act you have to show that always.
Sachin showed less amount but then officer did not accept it and then he fought due to which a less amount was sorted out
SHIRISH S S
(Proprietor)
(1030 Points)
Replied 16 August 2018
You mean to say second Vacant House - one has to pay tax???
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 17 August 2018
Yes, only if you disclose the same in return ever
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