For Wealth Tax
The assessee owns three residential houses.. one at bandra and the other 2 at andheri. The Andheri lats are adjacent flats but not physically combined. These 2 flats are not let out.
Can the assessee consider the 2 andheri flats as one?
Can the assessee take under his wealth tax computation as follows:
- house at bandra 50lacs
- house at andheri (both as one house) 150lacs
total 200lacs less: exempt u/s 5(vi) [ie 2 houses at
andheri as one house] (150lacs)
Net Taxable wealth 50 lacs
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