Interested to Buy Any Domain ? << Click Here >> for more details...
I got 3 houses in Hyderabd from which i am not getting any
rent because In A house i occupied for my family, No.B was
occupied by My father and C was occupied by my sister.I am
putting Nil in the column mentioned for income from house
property. Is it right or wrong pl let me know
- 2 Answers
- 4906 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sam
It is wrong.
As per Income Tax if you are having more than 1 house, then
only 1 house will be treated as Self Ocupied Property (SOP)
& other will be treated as Deemed to be let out Property
(DLOP). So the rent (as per municipal valuation) of DLOP
will be treated as income & included in Income from HP.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / mbsaggarwal
IT IS WRONG AS THE ASSESSEE WILLHAVE TO PAY TAXES UNDER THE
HEAD INCOMEFROM HOUSE PROPERTY TREATING ANY ONE HOUSE
PROPERTY AS SELF OCCUPIED AND REST OF DEEMED TOBE LET
OUT.ASSESEEE MAY CHOOSE ANY HOUSE PROPERTY AS SELF OCCUPIED
PROPERTY.
| Is This Answer Correct ? | 1 Yes | 1 No |
what is a rule for issue form 38 and tham form c any purchaser can issue form 38 or there is certain rule and regulation.
assessee is a developer. menthod of accounting- mercantile. he sold a flat to party , registration has been done in financial year 2012-13. but he has taken the sale next financial year on the ground that one cheque has been credited in the next financial year. can the assessee's claim can be considered for taxation purpose
I have purchase one air ticket from a travel agency. They allow 3000 rupees ticket to me for the total ticket purchase.But they debited staturoty TDS to me. I ask them for the legibility of this, they replaied they had received commission from airlines and airlines catch TDS from them and naturally it comes down to sustomers also. But my doubt is Airlines are allowed commission to Travel Agency and Travel Agency are not shared commission-they allowed discount. So is this TDS is applied for me or not?
What is the benfit of c form
My estimated income for the financial Year 2009-10 will be 485000/- please make a tax plan to escape legally from paying taxes
assume we have a loss for the last finacial year ,when we are calculating income tax for this year how would be affected last year loss
i have recently joined a bank as probationary officer.i ant to know hich of the two options bellow will be benefitial:- 1.receiving HRA or 2.receiving lease rent from the bank.
what is the method of work contract tax computation
What is FBT? please guide me with the example
how to calculate vat?
2 Answers Jaypee, Maruti Suzuki,
what is the ct-1 sale? if ct-1 bond is misplaced what is the procedure for applying for new bond.
Is t.d.s deducted on Freight including Service Tax ?
Audit 
